Anant Raj Q4 FY26 Results: Profit Jumps 24%, Revenue Crosses ₹646 Crore — All Key Details Inside
By Kaushik Brahmakshatriya
Published On 11 May 2026.
Anant Raj Q4 Result Profit 2026.
Anant Raj Limited, one of Delhi-NCR’s most recognised real estate and digital infrastructure companies, declared its Q4 FY26 (January–March 2026) financial results on May 11, 2026. The numbers reflect consistent growth across both its core real estate segment and its rapidly expanding data centre business. Net profit climbed nearly 24% year-on-year, while the full-year revenue crossed the ₹2,500 crore milestone for the first time.
Here is a complete analysis of Anant Raj’s Q4 FY26 performance — including quarterly numbers, annual highlights, segment insights, dividend news, and what lies ahead.
Anant Raj Q4 FY26: Key Financial Highlights at a Glance
Anant Raj reported a 25% year-on-year rise in consolidated net profit to ₹148.7 crore in Q4 FY26, while revenue from operations rose to ₹646.8 crore from ₹540.7 crore in the year-ago quarter. Q4 EBITDA improved to ₹170 crore from ₹142 crore in Q4 FY25, though the EBITDA margin saw a slight moderation to 25.81% from 26.33% in the same period last year.
Q4 FY26 vs Q4 FY25 — Quarterly Performance Comparison
| Metric | Q4 FY26 | Q4 FY25 | YoY Change |
| Revenue from Operations | ₹646.8 Crore | ₹540.7 Crore | +19.6% |
| Net Profit (PAT) | ₹147–148.7 Crore | ₹118.6–118.8 Crore | +24% |
| Total Income | ₹675.4 Crore | ₹550.9 Crore | +22.6% |
| Total Expenses | ₹500.1 Crore | ₹410 Crore | +22% |
| Profit Before Tax (PBT) | ₹175.4 Crore | ₹140.9 Crore | +24.5% |
| EBITDA | ₹170 Crore | ₹142 Crore | +19.7% |
| EBITDA Margin | 25.81% | ₹142 Crore | +19.7% |
| Diluted EPS | ₹4.18 | ₹3.47 | +20.5% |
Note: Slight differences in PAT figures across sources (₹146.6 Cr to ₹148.7 Cr) reflect rounding and attribution adjustments in consolidated reporting.
Full Year FY26 Performance: A Record Year for Anant Raj
The full financial year FY26 turned out to be a landmark year for Anant Raj. Annual net profit climbed 31% to ₹557 crore from ₹425.8 crore in the previous year, while consolidated revenue from operations rose 22% to ₹2,511.6 crore compared with ₹2,060 crore in FY25.
FY26 vs FY25 — Annual Financial Comparison
| Metric | FY26 | FY25 | Growth |
| Revenue from Operations | ₹2,511.6 Crore | ₹2,060 Crore | +22% |
| Total Income | ₹2,579 Crore | ₹2,100 Crore | +22.8% |
| Net Profit (PAT) | ₹557 Crore | ₹425.8 Crore | +31% |
| Total Comprehensive Income | ₹556.9 Crore | ₹421 Crore | +32.3% |
This marks the first time in the company’s history that annual revenue has surpassed the ₹2,500 crore mark — a clear signal of its dual-engine growth strategy working in tandem.
Data Centre Business: Anant Raj’s Big Growth Bet
While real estate remains the backbone of Anant Raj’s revenues, the data centre vertical is fast becoming its future growth engine. The company targets 357 MW of IT load capacity by FY32 and has signed an MoU for an additional 50 MW in Andhra Pradesh.
What makes Anant Raj’s data centre strategy stand out from peers is its cost efficiency. The company’s brownfield conversion cost for data centres stands at ₹29–34 crore per MW — notably lower than the industry benchmark of ₹50 crore per MW — offering a significant competitive cost advantage.
Anant Raj is scaling its cloud and colocation business aggressively through capacity additions across Manesar, Panchkula, and Andhra Pradesh. Expanding infrastructure under Ashok Cloud and Anant Raj Cloud is expected to significantly increase long-term digital infrastructure capacity and strengthen its position in India’s growing data centre market.
The macro tailwind is also strong: the data centre market is projected to expand from 5.45 GW in 2026 to over 15 GW by 2031, fuelled by data localisation mandates and hyperscale cloud provider commitments.
Dividend & Corporate Actions
The board recommended a final dividend of ₹1 per equity share for FY26, subject to shareholder approval at the Annual General Meeting.
In addition, during the year, the company raised ₹1,099.99 crore through a Qualified Institutional Placement (QIP), issuing shares at ₹662 apiece.
On the corporate governance front, the Board has initiated a demerger study to separate its Real Estate and Data Centre businesses, and appointed Sh. Anish Sarin as Whole-time Director. The proposed demerger, if executed, could unlock separate valuations for each business — a move that could significantly benefit long-term investors.
Stock Performance After Results
Ahead of the earnings announcement, shares of Anant Raj closed 3.98% lower at ₹538.55 per unit on the NSE on May 11, 2026. Despite the strong quarterly numbers, markets reacted cautiously — primarily owing to mild EBITDA margin compression.
Anant Raj Stock Data (As of May 11, 2026)
| Indicator | Value |
| Stock Price (NSE, May 11) | ₹538.55 |
| 52-Week High | ₹743.65 (Oct 7, 2025) |
| 52-Week Low | ₹403 (Mar 30, 2025 |
| Market Capitalisation | ₹19,422–20,183 Crore |
| P/E Ratio (approx.) | 38–45x |
| YTD Performance | -2% (approx.) |
| 1-Month Return | +11% |
| 1-Week Return | +6% |
The company’s P/E ratio of approximately 38–45x appears competitive relative to some larger real estate peers and below the sector average P/E of 94.75.
Q&A Session: Investors’ Most Common Questions Answered
Q1. Did Anant Raj beat analyst expectations in Q4 FY26?
Yes. Analyst estimates had projected 12–16% revenue growth and 14–19% PAT growth. The actual results — 19.6% revenue growth and ~24% PAT growth — comfortably beat consensus expectations on both fronts.
Q2. Why did the stock fall despite good results?
Markets reacted to the slight EBITDA margin compression (from 26.33% to 25.81%) and concerns about near-term margin pressure as new data centre facilities ramp up. Investor focus has shifted from topline growth to sustainable profitability.
Q3. Is the proposed demerger good for investors?
Potentially yes. Separating the real estate and data centre businesses could allow each segment to attract the right class of investors — real estate investors who value stable cash flows, and technology/infrastructure investors who price growth assets at higher multiples.
Q4. What is Anant Raj’s dividend history?
The company declared a final dividend of ₹1 per share for FY26 (face value ₹2), which translates to a 50% dividend payout on face value. While the yield is modest, the dividend demonstrates shareholder-friendly capital allocation alongside aggressive reinvestment.
Q5. Should investors be worried about margin compression?
Margin moderation is expected during a heavy investment cycle. As new data centre capacity in Manesar, Panchkula, and Andhra Pradesh gets fully utilised, margins are expected to recover. Long-term investors with a 2–3 year horizon should monitor EBITDA trajectory over the next two quarters.
Outlook: What to Watch in FY27
* Data Centre Ramp-Up: Revenue contribution from Anant Raj Cloud and Ashok Cloud is expected to grow meaningfully as utilisation rates rise.
* Demerger Update: Any formal announcement on the real estate–data centre demerger will be a major stock catalyst.
* Andhra Pradesh MoU Execution: The 50 MW MoU with the AP government adds to the long-term capacity pipeline.
* QIP Fund Deployment: With ₹750 crore of QIP proceeds still unutilised as of March 31, 2026, fund deployment direction will matter to investors.
* Real Estate Launch Pipeline: Residential and commercial project launches in Delhi-NCR will continue to drive near-term revenue recognition.
Final Verdict
Anant Raj’s Q4 FY26 results reflect a company in confident expansion mode. Revenue growth of nearly 20%, profit growth of 24%, and a landmark full-year revenue of ₹2,511 crore tell a story of disciplined execution. The data centre pivot — backed by cost-efficient brownfield conversions and strong macro tailwinds — adds a high-growth layer to what was once a pure-play real estate business. The mild margin dip is a short-term trade-off for long-term capacity building, and the demerger plan adds optionality for patient investors.
Disclaimer :
This blog does not provide financial, investment, or trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred
