Anant Raj Limited (515055) Q3 23/24 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated results for Q3 and nine months ended Dec 31, 2023.

• Q3 consolidated revenue rose to ₹392.27 crore, with net profit at ₹71.43 crore.

• Standalone Q3 revenue was ₹228.84 crore, net profit ₹35.03 crore.

• Successful QIP of ₹500 crore completed, with 75% proceeds for debt prepayment and data centre expansion.

• Preferential issue and warrants aggregating ₹75 crore approved.

Financial highlights

• Consolidated Q3 revenue: ₹392.27 crore (up from ₹265.78 crore YoY); net profit: ₹71.43 crore (up from ₹45.16 crore YoY).

• Nine-month consolidated revenue: ₹1,040.71 crore; net profit: ₹181.92 crore.

• Standalone Q3 revenue: ₹228.84 crore (up from ₹205.85 crore YoY); net profit: ₹35.03 crore (up from ₹32.11 crore YoY).

• EPS (consolidated, Q3): ₹2.22 basic, ₹2.22 diluted; nine months: ₹5.63 basic, ₹5.63 diluted.

• Gross margin and EBITDA not explicitly disclosed.

Outlook and guidance

• 75% of QIP proceeds to be used for debt reduction, supporting financial stability.

• Remaining QIP funds to accelerate data centre expansion.

• Preferential issue and warrants to further strengthen capital base.