This Data Center stock which deals in the business of engaging in the development and construction of hospitality projects, IT parks, Data Centers, SEZs, office complexes, residential projects, and shopping malls was down by 10 percent after reporting net profit growth of 55% year on year.
Price Movement
Anant Raj Limited‘s stock in Monday’s session touched a day’s low of Rs. 574.60 per share down by 9.88 percent. The stock reiterated from the day’s high and was trading at Rs. 582.65 which is down by 8.62 percent from the previous closing price of Rs. 637.60. The stock has delivered a return of around 77 percent in the past year and has outperformed the Nifty Index in the same period.
Financial Performance
Their Q3FY25 results show revenue from operations of Rs. 534.64 crore which increased by 36.29 percent year on year, from Rs. 392.27 crore in Q3FY24 and a 4.24 percent increase from Rs. 392.27 crore in Q2FY25. Their net profit increased by 54.51 percent year on year, from Rs. 71.43 crores in Q3FY24 to Rs. 110.37 crores in Q3FY25. Quarterly, the profits increased by 4.46 percent from Rs. 105.65 crore.
Business Segments
As per the recent December 2024 results, the company recognizes its revenue from real estate development and related activities as a single segment and it operates in India only.
Capex Plans
The company had operationalized 6MW of IT load in Manesar and they plan to complete an additional 15MW IT Load in Manesar and 7MW IT Load in Panchkula by FY25 with a total capacity of 28MW IT Load by FY25. Further, Anant Raj plans to scale up to 307MW IT Load Data Center in the upcoming 4 to 4.5 years. They plan to monetize approx Rs. 15,000 crore land bank from residential sales in Gurugram in the next 4 to 5 years.
Company Overview
Anant Raj Limited was founded in 1969. They are one of the leading Indian real estate developers specializing in residential, IT, and commercial projects and they are known for quality in the National Capital Region.
Written by Santhosh S
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