Datacenter stock engaged in the business of construction and development of Data Centers, IT Parks, Hospitality Projects, and many more jumped 5 percent in the day’s trade upon declaring its Q1FY25 results with an 82 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 19,044 Crores, the shares of Anant Raj Limited were trading at Rs. 557 per equity share, up 3.85 percent from its previous day’s close price of Rs. 536.35.
Q1FY25 Results
Its Revenue from operations grew by 49 percent YoY from Rs. 316.16 Crores in Q1FY24 to Rs. 471.83 Crores in Q1FY25 and it grew by 6.60 percent QoQ from Rs. 442.59 Crores in Q4FY24 to Rs. 471.83 Crores in Q1FY25.
Its Net Profit grew by 82 percent YoY from Rs. 50.12 Crores in Q1FY24 to Rs. 91.01 Crores in Q1FY25 and it grew by 8.3 percent QoQ from Rs. 84.01 Crores in Q4FY24 to Rs. 91.01 Crores in Q1FY25.Its Net Profit Margin increased from 15.38 percent in Q1FY24 to 18.89 percent in Q1FY25.
In Addition, Anant Raj Limited’s wholly-owned subsidiary Anant Raj Cloud Pvt. Ltd has recently entered into a Memorandum of Understanding (MoU) with Google LLC.
Both will collaborate in providing Data Center Infrastructure, DC Managed Services, and Cloud Platforms to various Public & Private enterprises, to develop innovative technological solutions for potential customers and collaborate closely to assist customers in developing purpose-built Al-infused solutions for Data infrastructure, Productivity, and Security.
About the Company
Anant Raj Limited is a realty company, engaged in the business of construction and development of Information and Technology parks, hospitality projects, special economic zones, office complexes, shopping malls, residential projects, and many more.
Some of the business segments it operates under are Residential, Commercial, Warehousing Projects, Hospitality, Data Centres, and others. It operates and currently has ongoing projects in Delhi, Rajasthan, Haryana, Tirupati, and others.
Written by: Bharath K.S
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