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

Executive summary

• Q3 FY25 revenue rose 36% YoY to INR 544 crores; EBITDA up 45% YoY to INR 143 crores; PAT surged 55% YoY to INR 110 crores.

• 9M FY25 revenue, EBITDA, and PAT surpassed full-year FY24, reflecting strong momentum.

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

• No defaults on loans or debt securities during the period.

• Financials reviewed by statutory auditors with no material misstatements identified.

Financial highlights

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

• Net debt reduced to INR 54 crores at Q3 FY25 end, down from INR 96 crores in Q2 FY25.

• Net debt/EBITDA improved to 0.60x in FY24 from 0.8x in FY23.

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

Outlook and guidance

• Data center capacity to scale up to 307 MW IT load in 5–6 years; 22 MW under development.

• Expansion in Gurugram Sector 63A and new residential launches planned.

• Cloud services to expand from IaaS to PaaS and SaaS, targeting higher-margin offerings.

• Exploring JV and asset-light growth opportunities.

• Focus on leveraging 83.43 acres of freehold land in Delhi NCR for future development.