Anant Raj Limited (515055) Q2 24/25 earnings summary

Executive summary

• Achieved strong financial growth in Q2 FY25 with revenue up 54% YoY to INR 524 crores and PAT up 75% YoY to INR 106 crores.

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2024.

• Board approved up to INR 2,000 crores QIP and INR 100 crores in convertible warrants for promoters.

• Acquired 100% equity in Sheetij Properties Pvt. Ltd., expanding landholding in Gurugram.

• Final dividend of Re. 0.73 per share (36.5%) for FY24, amounting to Rs. 24.96 crores, approved and paid.

Financial highlights

• Q2 FY25 revenue: INR 524 crores (+54% YoY); PAT: INR 106 crores (+75% YoY); EBITDA: INR 124 crores (+40% YoY).

• Consolidated revenue for Q2 FY25 was Rs. 512.85 crores, up from Rs. 332.28 crores in Q2 FY24.

• H1 FY25 revenue: INR 1,005 crores (+82% CAGR since H1 FY22); H1 FY25 PAT: INR 197 crores (+110% CAGR since H1 FY22).

• FY24 revenue: INR 1,494 crores (+78% CAGR since FY21); FY24 PAT: INR 266 crores (+189% CAGR since FY21).

• Basic EPS (consolidated) for Q2 FY25 was Rs. 3.09, up from Rs. 1.85 in Q2 FY24.

Outlook and guidance

• Targeting zero net debt by December 2024.

• Board authorized QIP and preferential issue to strengthen capital base and support growth plans.

• Plans to monetize land bank with INR 15,000 crores revenue potential from residential sales in Gurugram over 4-5 years.

• Data center capacity to scale up to 307 MW IT Load in 4-4.5 years.

• Cloud services to expand from IaaS to PaaS and SaaS offerings.