Anant Raj Limited (515055) Q2 22/23 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated results for Q2 and H1 FY23; results reviewed by auditors.

• Major project launches: 'Ashok Estate' (launched July 2022, 1st phase handover by Jan 2023) and expansion in premium township offerings.

• Data center business progressing, with first 21 MW center to start in 2022; government infrastructure status to benefit financing.

• Joint venture with Birla Estate for 800 premium floors in Gurugram received strong market response.

Financial highlights

• Consolidated Q2 FY23 revenue from operations: ₹251.62 cr (up from ₹86.39 cr in Q2 FY22); H1 FY23: ₹411.01 cr (up from ₹148.57 cr in H1 FY22).

• Consolidated net profit Q2 FY23: ₹33.74 cr (Q2 FY22: ₹14.14 cr); H1 FY23: ₹57.52 cr (H1 FY22: ₹21.24 cr).

• Standalone Q2 FY23 revenue: ₹173.35 cr (Q2 FY22: ₹80.71 cr); net profit: ₹25.67 cr (Q2 FY22: ₹11.02 cr).

• Basic EPS (consolidated) Q2 FY23: ₹1.03 (Q2 FY22: ₹0.50); H1 FY23: ₹1.80 (H1 FY22: ₹0.75).

• Net cash from operating activities (consolidated H1 FY23): ₹58.30 cr (H1 FY22: ₹13.84 cr).

Outlook and guidance

• Data center segment expected to drive growth, with first phase launch imminent and regulatory tailwinds.

• Continued strong demand in residential and township projects; new inventory of fully furnished villas/floors to be available by March 2023.

• No explicit forward financial guidance provided.