Anant Raj Limited (515055) Q4 22/23 earnings summary

Executive summary

• Revenue doubled to INR 10,048 Mn in FY23, with PAT up 174% to INR 1,515 Mn year-over-year, driven by new launches and price growth.

• Board approved audited standalone and consolidated results for FY23, with auditors issuing unmodified opinions.

• Final dividend of 25% (Re. 0.50 per share) recommended for FY23, subject to AGM approval.

• Key projects like Ashok Estate and Birla Navya saw robust bookings, with over 50% and 60% inventory sold, respectively.

• Commissioned 3MW Data Center at Manesar, with strategic alliances for further growth in data centers.

Financial highlights

• FY23 consolidated revenue grew 100% to INR 10,048 Mn from INR 5,012 Mn in FY22.

• PAT increased 174% to INR 1,515 Mn from INR 552 Mn year-over-year.

• EBITDA for Q4FY23 at INR 119 Cr, up from INR 49 Cr in Q4FY22; FY23 EBITDA at INR 290 Cr, up from INR 115 Cr in FY22.

• Cash and cash equivalents (consolidated) at year-end: Rs. 34.06 crore (up from Rs. 19.43 crore).

• Q4FY23 PAT at INR 83 Cr, up from INR 40 Cr in Q4FY22.

Outlook and guidance

• Targeting debt-free status, with significant debt reduction already achieved.

• Planning to commission 21 MW IT Load Data Center at Manesar by Q4FY24.

• Launch of Group Housing project at Sector 63A with 1 Mn sq. ft. saleable area expected.

• Expansion of township with approval for 11.83 acres for new independent floors, villas, and plots.

• Management continues to review revenue and cost estimates periodically.