Anant Raj Limited is balancing its legacy as a debt-light real estate developer in the Delhi-NCR market with an aggressive pivot toward becoming a major sovereign cloud and data center player. Investors will be looking for updates on the ramp-up of its 63 MW data center target by December 2026 and the status of key residential project approvals that underpin its near-term cash flows.
| Results date | August 08, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 646.81 Cr |
| Previous quarter PAT | Rs. 148.71 Cr |
| Previous quarter EBITDA margin | 29.02% |
| Market cap | Rs. 22,474.31 Cr |
| CMP | Rs. 624.5 |
The board meeting is scheduled for August 08, 2026, to approve the Q1 FY27 unaudited financial results.
The company enters Q1 FY27 with a strong foundation, having secured MeitY empanelment as a Sovereign Cloud Service Provider, a key milestone that was previously pending since November 2025. Data center revenue is expected to track the FY26 exit run-rate of Rs. 74.51 Cr, supported by the full operational status of the 28 MW capacity and ongoing construction of the 20 MW Rai facility. Residential real estate remains a core driver, with the NCR luxury market recording 30% YoY sales growth in Q1 2026, positioning the company to benefit from demand that continued to outpace supply in Q2. Margins are expected to remain stable, as the Haryana Electricity Regulatory Commission maintained power tariffs unchanged for FY 2026-27, neutralizing the primary input cost sensitivity for the data center segment. Management's focus on capital discipline continues, with Rs. 750 Cr of QIP proceeds remaining unutilized as of March 31, 2026, to fund the expansion roadmap toward the 63 MW target by December 2026.
Performance vs Guidance Tracking: Tracking progress against management's stated operational and project milestones.
Composite Scheme of Arrangement: Updates on the structural reorganization approved by the board on July 21, 2026.
Data Center Expansion and Haryana MoU: Execution updates on the company's aggressive infrastructure investment plans.
Real Estate Project Pipeline: Status updates on key residential projects and regulatory dependencies.
As of the end of FY26, the company has 28 MW of operational capacity split between Manesar and Panchkula. Management is currently executing a roadmap to reach 63 MW by December 2026, with work on the 20 MW Rai facility already underway.
Management has confirmed that contracts with cloud customers include clauses that allow for the passing on of electricity cost increases. Additionally, the Haryana Electricity Regulatory Commission maintained tariffs unchanged for FY 2026-27, providing a stable cost environment for the current quarter.
The board approved a plan on July 21, 2026, to demerge the Data Centre business into a wholly-owned subsidiary, Ashok Cloud Private Ltd (ACPL). Eligible shareholders are set to receive one equity share of ACPL for every one share held in Anant Raj Ltd, subject to regulatory approvals.
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