Anant Raj Q1 FY27 Results: Consolidated Profit Rises 18.5% as Revenue Grows, Data Centre Business Takes Centre Stage
Anant Raj Limited has reported a strong set of financial results for the quarter ended June 30, 2026, with consolidated revenue and profit showing healthy year-on-year growth. Alongside the quarterly performance, the company is also making significant moves to build its data centre and cloud services business, including an overseas subsidiary in Singapore and a proposed demerger and listing of its cloud business.
The company approved its unaudited standalone and consolidated financial results at a Board meeting held on August 8, 2026.
Anant Raj Q1 FY27 Results: Key Highlights
On a consolidated basis, Anant Raj reported revenue from operations of ₹631.40 crore for Q1 FY27, compared with ₹592.41 crore in the corresponding quarter last year.
That represents a year-on-year increase of approximately 6.6%.
Total income increased to ₹650.75 crore, compared with ₹602.40 crore in Q1 FY26.
The company’s profitability growth was stronger than its revenue growth. Consolidated profit before tax increased to ₹185.33 crore, compared with ₹150.38 crore a year earlier.
After tax and including the share of profit from associates and jointly controlled entities, consolidated profit for the quarter stood at ₹149.19 crore, compared with ₹125.90 crore in Q1 FY26.
This translates into a year-on-year increase of approximately 18.5% in consolidated profit.
Anant Raj Q1 FY27 Financial Performance
| Particulars | Q1 FY27 | Q4 FY26 | Q1 FY26 | YoY Change |
|---|---|---|---|---|
| Revenue from Operations | ₹631.40 Cr | ₹646.81 Cr | ₹592.41 Cr | +6.6% |
| Total Income | ₹650.75 Cr | ₹675.41 Cr | ₹602.40 Cr | +8.0% |
| Profit Before Tax | ₹185.33 Cr | ₹175.35 Cr | ₹150.38 Cr | +23.2% |
| Profit After Tax | ₹149.19 Cr | ₹148.71 Cr | ₹125.90 Cr | +18.5% |
| EPS | ₹4.16 | ₹4.18 | ₹3.67 | +13.4% |
Figures are consolidated and EPS is not annualised.
Profit Margins Improve
An important feature of the quarter was the improvement in profitability.
Consolidated profit before tax increased by more than 23% year-on-year, significantly ahead of revenue growth of around 7%.
Total expenses stood at ₹465.42 crore, compared with ₹452.02 crore in Q1 FY26.
Finance costs remained relatively low at ₹1.20 crore, compared with ₹2.37 crore in the year-ago quarter.
Depreciation and amortisation increased to ₹16.21 crore from ₹7.89 crore, reflecting the company’s expanding asset and infrastructure base.
The stronger profit performance helped consolidated PAT margin improve to roughly 23.6% of revenue from operations, compared with around 21.2% in Q1 FY26.
Standalone Performance Also Shows Strong Growth
Anant Raj’s standalone financial performance was also positive during the quarter.
Standalone revenue from operations increased to ₹395.52 crore from ₹352.41 crore in Q1 FY26, registering growth of approximately 12.3%.
Total income increased to ₹414.68 crore from ₹371.04 crore.
Standalone profit before tax rose to ₹105.42 crore, compared with ₹82.72 crore in the year-ago quarter.
Standalone profit after tax increased to ₹79.10 crore, compared with ₹69.70 crore in Q1 FY26.
Standalone Q1 FY27 Performance
| Particulars | Q1 FY27 | Q1 FY26 | YoY Growth |
| Revenue from Operations | ₹395.52 Cr | ₹352.41 Cr | 12.3% |
| Total Income | ₹414.68 Cr | ₹371.04 Cr | 11.8% |
| Profit Before Tax | ₹105.42 Cr | ₹82.72 Cr | 27.5% |
| Profit After Tax | ₹79.10 Cr | ₹69.70 Cr | 13.5% |
| EPS | ₹2.20 | ₹2.03 | 8.4% |
The standalone numbers indicate that the core business continued to deliver healthy growth during the first quarter of FY27.
Data Centre and Cloud Business Emerges as a Major Growth Driver
One of the most important developments highlighted in the results is Anant Raj’s continued expansion into data centre and cloud services.
During the quarter, the company incorporated Anant Raj Cloud Singapore Pte. Ltd. as a wholly owned subsidiary on June 15, 2026.
The Singapore entity has been established to undertake reseller activities and provide co-location and cloud services, including artificial intelligence services, to overseas customers.
The company plans to leverage the data centre and cloud infrastructure being developed in India.
This represents a strategic shift beyond the company’s traditional real estate development business and could provide Anant Raj with exposure to the rapidly growing digital infrastructure segment.
Proposed Demerger and Listing of Data Centre Business
Another major development for shareholders is the proposed restructuring of the company’s data centre and cloud business.
The Board had approved a Composite Scheme of Arrangement on July 21, 2026 involving:
- Anant Raj Limited
- Anant Raj Cloud Private Limited (ARCPL)
- Ashok Cloud Private Limited (ACPL)
Under the proposed scheme, Anant Raj Cloud Private Limited will be amalgamated with Anant Raj Limited.
Following this, the data centre and cloud services undertaking of Anant Raj Limited will be demerged into Ashok Cloud Private Limited on a going-concern basis.
The proposed structure is intended to create a separate entity for the data centre and cloud business.
Shareholders Could Directly Hold 49% in the Cloud Business
Under the proposed arrangement, shareholders of Anant Raj Limited will directly hold 49% of Ashok Cloud Private Limited, in proportion to their shareholding in Anant Raj.
The proposed shareholding structure of ACPL is:
| Shareholder Category | Proposed Holding |
| Promoters of Anant Raj | 28.14% |
| Public Shareholders | 20.86% |
| Anant Raj Limited | 51.00% |
| Total | 100% |
The company also proposes to seek listing of ACPL’s equity shares on the NSE and BSE, subject to receiving the required approvals and exemptions.
The proposed scheme is still subject to approvals from shareholders, creditors, stock exchanges, SEBI, NCLT and other relevant authorities.
Therefore, the proposed demerger and listing should not be treated as completed at this stage.
QIP Funds: ₹689.99 Crore Still Unutilised
Anant Raj had raised approximately ₹1,099.99 crore through a Qualified Institutional Placement (QIP) during the quarter ended December 31, 2025.
The company issued 1,66,16,314 equity shares at an issue price of ₹662 per share.
During Q1 FY27, the company utilised another ₹60.01 crore from the QIP proceeds.
Total utilisation of the QIP proceeds stood at approximately ₹410 crore, leaving ₹689.99 crore unutilised as of June 30, 2026.
The company stated that there was no deviation or variation in the utilisation of the QIP funds.
The remaining funds provide the company with additional financial flexibility for its planned growth initiatives.
Anant Raj Expands Its Subsidiary Base
The company also completed the acquisition of the remaining 25% stake in Romano Projects Private Limited (RPPL) during the quarter.
On April 30, 2026, Anant Raj acquired 12,500 additional fully paid-up equity shares, increasing its holding from 75% to 100%.
As a result, RPPL became a wholly owned subsidiary of Anant Raj.
The consolidated results cover a sizeable group structure. According to the auditor’s review report, the consolidated results include 47 subsidiaries and one jointly controlled entity, while the group also has associates and other jointly controlled entities.
Debt Position: NCDs Converted Into Term Loan
During the quarter, the company’s outstanding liability relating to Non-Convertible Debentures amounting to ₹6.50 crore as of March 31, 2026, was discharged and converted into a term loan by State Bank of India.
As a result, no NCDs remained outstanding as of June 30, 2026.
This restructuring changes the nature of the company’s borrowing rather than representing a complete elimination of the underlying liability.
What Investors Should Watch Going Forward
Anant Raj’s Q1 FY27 numbers indicate that the company entered the new financial year with healthy earnings momentum.
The key positives include:
1. Stronger profit growth: Consolidated PAT grew around 18.5% year-on-year, ahead of revenue growth.
2. Healthy standalone performance: Standalone revenue grew more than 12%, while standalone PBT increased around 27.5%.
3. Data centre expansion: The company is building a new growth platform around data centres, cloud computing and AI-related services.
4. International expansion: The incorporation of Anant Raj Cloud Singapore provides a route to serve overseas customers.
5. Significant unutilised QIP funds: Nearly ₹690 crore remained available from the ₹1,099.99 crore QIP as of June 30, 2026.
6. Potential separate listing: The proposed demerger and potential listing of Ashok Cloud could provide a separate listed platform for the company’s data centre and cloud business, subject to regulatory and other approvals.
The Bigger Picture
Anant Raj’s latest results show that the company is gradually building a business profile that extends beyond traditional real estate development.
The company’s core real estate operations continue to generate revenue and profits, while its investment in data centres and cloud infrastructure is creating a potential second growth engine.
The proposed restructuring of the cloud business is particularly important because it could eventually give shareholders direct exposure to a separately listed data centre and cloud services company.
However, the proposed scheme is still subject to multiple regulatory, shareholder, creditor and NCLT approvals. Investors will therefore need to track the progress of the scheme, the utilisation of the remaining QIP proceeds and the actual scale-up of the data centre business.
For now, Q1 FY27 presents a combination of healthy earnings growth, a strong capital position and an ambitious expansion into digital infrastructure.
Disclaimer: This article is based on the unaudited financial results and disclosures provided by Anant Raj Limited for the quarter ended June 30, 2026. It is intended for informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult a qualified financial adviser before making investment decisions.