Anant Raj Limited (515055) Q2 2026 earnings summary

Executive summary

• Achieved strong revenue and profit growth in Q2 and H1 FY26, driven by real estate and data center segments, with net debt maintained below INR 50 crore for five consecutive quarters.

• Successfully raised INR 1,100 crore through QIP, increasing paid-up equity capital and maintaining a net cash positive position after prepaying INR 125 crore debt.

• Expanded operational data center capacity to 28 MW, delivered key residential projects, and showcased the 'Bharat Built from Soil to Server' initiative.

• Launched Ashok Cloud, a sovereign cloud offering, with strong B2B market response and major client acquisition.

• Approved and paid a final dividend of Rs. 0.73 per share (36.5%), amounting to Rs. 25.06 crore.

Financial highlights

• Q2 FY26 consolidated revenue: INR 630.79 crore, up 23% YoY; EBITDA: INR 177.94 crore, up 43.85% YoY; PAT: INR 138.18 crore, up 30.79% YoY.

• H1 FY26 consolidated revenue: INR 1,223.20 crore, up 24.22% YoY; EBITDA: INR 338.58 crore, up 43.17% YoY; PAT: INR 264.08 crore, up 34.28% YoY.

• Five-year revenue CAGR of 69%, EBITDA CAGR of 76%, and PAT CAGR of 149%.

• Standalone Q2 FY26 revenue: INR 370.62 crore; net profit: INR 74.21 crore; H1 revenue: INR 723.03 crore; net profit: INR 143.91 crore.

• Dividend of Rs. 25.06 crore paid for FY25.

Outlook and guidance

• Data center capacity to reach 63 MW by December 2026 and 117 MW by FY28, with a long-term target of 307 MW by 2032.

• Real estate launches of 2.6 million sq ft on track for FY26, with ongoing and planned residential projects totaling 11.41 msf in Gurugram.

• Data center revenue expected to scale up significantly as new capacity comes online, with INR 1,200 crore projected from 63 MW.

• Group housing and township expansion projects in Gurugram progressing, with new launches and approvals expected in FY26.