Anant Raj Limited (515055) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue from operations was ₹661.53 Cr and PAT was ₹156.49 Cr; H1 revenue was ₹1,292.93 Cr and PAT was ₹305.68 Cr.

• Housing and data center/cloud expansion advanced alongside a proposed demerger into focused real estate and digital infrastructure businesses.

Financial highlights

• Q2 consolidated revenue was ₹661.53 Cr vs ₹630.79 Cr YoY; data center, infrastructure and allied services contributed ₹115.41 Cr.

• Q2 EBITDA was ₹215.37 Cr, up 21.04% YoY, with a 31.72% margin, up 395.65 bps.

• Q2 PBT was ₹187.78 Cr, up 14.20%; PAT was ₹156.49 Cr, up 13.25%, with a 23.05% margin, up 148.82 bps.

• H1 revenue was ₹1,292.93 Cr vs ₹1,223.20 Cr; EBITDA was ₹418.11 Cr, up 23.49%, and PAT was ₹305.68 Cr, up 15.75%.

• Standalone Q2 total income was ₹419.27 Cr and PAT ₹80.96 Cr; H1 PAT was ₹160.06 Cr.

Outlook and guidance

• Data center IT load capacity targets are 63 MW by FY27-end and 357 MW by FY31-32; AI-enabled services are targeted to commence in FY27.

• The Estate One, a 352-unit Gurugram project with 1.22 msf built-up potential, has Haryana RERA registration and is ready for launch.

• A 50 MW Andhra Pradesh data center is planned in two phases, with ₹4,500 Cr of direct investment; development remains subject to plans and approvals.

• A Sector 63A group housing license for 6.38 acres is expected in Q3 FY27; Phase V approvals for 9.11875 acres are expected in Q4 FY27.