Anant Raj Limited (515055) Q2 23/24 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated results for Q2 and H1 FY24 on October 21, 2023.

• Both revenue and profitability showed strong year-over-year growth for the quarter and half-year.

• No material misstatements found in auditor reviews; results comply with SEBI and Ind AS requirements.

• Real estate development remains the sole reportable segment; all business is India-based.

• New subsidiaries incorporated; one subsidiary ceased during the period.

Financial highlights

• Consolidated Q2 revenue: ₹340.83 Cr, up from ₹265.87 Cr YoY; H1 revenue: ₹666.60 Cr vs. ₹434.81 Cr YoY.

• Consolidated Q2 net profit: ₹60.37 Cr, up from ₹33.74 Cr YoY; H1 net profit: ₹110.49 Cr vs. ₹57.52 Cr YoY.

• Standalone Q2 revenue: ₹201.49 Cr, up from ₹185.72 Cr YoY; H1 revenue: ₹389.85 Cr vs. ₹336.50 Cr YoY.

• Standalone Q2 net profit: ₹28.30 Cr, up from ₹25.67 Cr YoY; H1 net profit: ₹54.16 Cr vs. ₹46.76 Cr YoY.

• EPS (consolidated, Q2): ₹1.85 basic; H1: ₹3.42 basic.

Outlook and guidance

• No explicit forward-looking guidance provided.

• Management continues to review revenue and cost estimates periodically.

• Real estate market focus and India-centric operations expected to continue.