Anant Raj Ltd

Filing context

• Issuer: Anant Raj Ltd; Scrip 515055; Category: Board Meeting.

Meeting Details

• No meeting details available in this excerpt.

Meeting Details

• Analyst/Investor Meet referenced for Anant Raj Limited; no date/time details provided.

RERA registration and project details

• RERA registration for The Estate One luxury project in Gurugram received on 20 Aug 2026.
• Built-up area potential approx 1.22 million sq ft.
• Launch date 20 August 2026.
• Category: Residential Group Housing - Luxury.
• Markets: domestic and international.
• HARERA certificate number RC/REP/HARERA/GGM/1084/816/2026/56.

Non-deal roadshow details

• Non-deal roadshow organized by Kotak Institutional Equities scheduled for 24–26 August 2026 in Singapore.
• Meetings will be in-person with one-on-one and group sessions.
• Schedule subject to change; no unpublished price-sensitive information will be discussed.

Business Overview

• Two independent listed entities post-demerger: Real Estate & Infrastructure; Digital Cloud Services (Ashok Cloud).
• Core real estate includes residential townships, luxury housing, commercial developments, and hospitality.
• Annuity business includes data centers, commercial buildings, hotels, and IT parks.
• Demerger sharpens focus and unlocks shareholder value through independent growth trajectories.

Key Operational Highlights

• Q1 FY27 revenue from operations ₹631.40 Cr, up 6.58% YoY.
• Q1 FY27 EBITDA ₹202.74 Cr, margin 31.15%.
• PBT ₹185.33 Cr; PAT ₹149.19 Cr; PAT margin 22.93%.
• Data Center & Cloud Services revenue ₹90 Cr in Q1.
• Infomerics upgraded rating to A- Stable.
• Data Center capacity 28 MW IT load; 21 MW operational, 7 MW in progress.
• FY32 target: 357 MW IT load; FY27 target: 63 MW IT load.
• Anant Raj Cloud Singapore established to source clients.
• MoU with Haryana HEPC to promote Data Center and Cloud services.
• Group Housing approvals for Gurugram projects 2 & 3; ready for launch.
• Birla Navya project Phase I delivered; Phase II occupancy certificates; Phase III planned FY28.
• Estate One expansion: 5.09 acres; 0.90 msf saleable area.

Financial Performance

• Revenue from operations growth, quarterly visibility; Data Center contribution rising.
• EBITDA margin solid at 31.15%; PAT margin 22.93% in Q1 FY27.
• Data Center & Cloud revenue contributed ₹90 Cr in Q1.
• Credit rating upgraded to A- Stable.

Capital Structure & Liquidity

• Net debt-free as of 31 March 2026.
• Reduced net debt with consistent dividend payouts.

Strategic Priorities & Outlook

• Demerger creates two focused independent listed companies.
• Deepen 63A leadership; unlock Delhi land portfolio; expand annuity engine.
• Reinvest operating cash into land and future developments; self-funded growth.
• 92 msf commercial leasing portfolio; 320 acres Delhi land bank.
• Capex: Ashok Cloud scaling; 357 MW IT load by FY32; 63 MW by FY27; 50 MW greenfield.
• Cloud allocation: 25% of capacity for cloud services.
• JV opportunities; asset-light growth via JDA.

Risks & Mitigation

• Execution risk in large land and township developments.
• Regulatory approvals required for demerger and projects.
• Macro-economic and market risks affecting demand.
• Mitigation: diversified land bank and self-funded growth.

Governance & Leadership

• Board-approved composite Scheme of Arrangement for demerger.
• Consolidation of DC & Cloud into a single entity prior to demerger.
• Two independent listed companies to pursue focused growth.