Anant Raj Limited (515055) Q1 23/24 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for Q1 FY24, showing strong year-over-year growth in revenue and profit.

• Approved issuance of up to Rs. 50 crore secured, unlisted, redeemable, non-convertible debentures for data center and project development funding.

• Financial results reviewed by audit committee and statutory auditors, with no material misstatements noted.

Financial highlights

• Consolidated revenue from operations rose to Rs. 316.16 crore, up from Rs. 159.39 crore in Q1 FY23.

• Consolidated net profit increased to Rs. 50.12 crore, compared to Rs. 23.78 crore in Q1 FY23.

• Standalone revenue at Rs. 172.20 crore, up from Rs. 142.74 crore year-over-year.

• Standalone net profit at Rs. 25.86 crore, up from Rs. 21.09 crore year-over-year.

• Basic EPS (consolidated) at Rs. 1.56, up from Rs. 0.84 in Q1 FY23.

Outlook and guidance

• Board authorized further actions for debenture issuance to support ongoing data center and project development.

• No explicit forward-looking financial guidance provided.