Anant Raj Limited (515055) Q3 24/25 earnings summary

Executive summary

• Achieved strong financial growth in Q3 FY25 with consolidated revenue of INR 544 crores, up 36% year-over-year, and PAT of INR 110 crores, up 55% year-over-year; 9M FY25 revenue, EBITDA, and PAT surpassed full-year FY24 figures.

• Board approved unaudited standalone and consolidated results for the quarter and nine months ended December 31, 2024.

• No deviations in utilization of funds raised from warrants; 25% of proceeds used as intended.

• No defaults on loans or debt securities during the period; financials reviewed by statutory auditors with no material misstatements identified.

• Operationalized 6 MW IT load data center at Manesar; launched sovereign cloud platform 'Ashok Cloud' in partnership with Orange Business.

Financial highlights

• Q3 FY25 consolidated revenue: INR 544 crores (up 36% YoY); PAT: INR 110 crores (up 55% YoY); 9M FY25 revenue: INR 1,549 crores (up 45% YoY); PAT: INR 307 crores (up 69% YoY).

• Standalone Q3 revenue: INR 346.48 crores (up from INR 228.84 crores YoY); 9M revenue: INR 946.73 crores (up from INR 618.69 crores YoY).

• Standalone Q3 net profit: INR 58.38 crores (up from INR 35.03 crores YoY); 9M net profit: INR 154.05 crores (up from INR 89.19 crores YoY).

• Net debt reduced by 81% since FY21, standing at INR 54 crores at Q3 FY25.

• Basic EPS (consolidated): Q3 INR 3.23 (up from INR 2.22 YoY); 9M INR 8.98 (up from INR 5.63 YoY).

Outlook and guidance

• Plans to scale data center capacity to 307 MW IT load within 5-6 years; incremental 22 MW IT load under development and further land acquisition and JV opportunities being explored.

• Expansion of cloud services to include PaaS and SaaS, targeting higher-margin offerings.

• No explicit forward-looking guidance provided.