Anant Raj Limited delivered a defining year in FY 2025-26, reporting robust growth across both its real estate and data centre businesses. Consolidated revenue from operations grew by nearly 22% to ₹2,512 crore, EBITDA expanded by 36% to ₹723 crore, and Profit After Tax (PAT) rose 31% to ₹557 crore. The company also achieved a net debt-free position and raised ₹1,099.99 crore through a Qualified Institutional Placement, reinforcing its financial foundation for the next phase of growth.

Financial Performance Overview

The company's consolidated financial results for FY 2025-26 reflect consistent improvement across key metrics. The following table summarises the consolidated financial overview:

*EBITDA includes other income

On a standalone basis, the company posted a Net Profit After Tax of ₹29,838.95 lakhs for FY 2025-26, compared to ₹21,916.20 lakhs in the previous year, reflecting a growth of 36.15%. Consolidated Net Profit After Tax stood at ₹55,701.85 lakhs, compared to ₹42,581.86 lakhs in the previous year, a growth of 30.81%. Revenue expanded from ₹957 crore in FY 2023 to ₹2,512 crore in FY 2026, representing growth of 162%, while PAT surged from ₹151 crore in FY 2023 to ₹557 crore in FY 2026, delivering a CAGR of 55%.

Segment Performance

Real Estate

The real estate segment continued its strong trajectory. Consolidated revenue from sale of projects during FY 2025-26 was ₹2,31,969.10 lakhs, compared to ₹1,97,539.08 lakhs in the previous year, a growth of 17.43%. Key developments during the year included:

• Anant Raj Estate, Sector 63A, Gurugram: The flagship 220-acre integrated township progressed across multiple phases. Phase IV (6.075 acres, approximately 5 lakh sq. ft.) was commenced, and Phase V approvals (9.11875 acres) are expected in Q2 FY27.
• The Estate Apartments: A luxury residential project with 0.40 msf saleable area and an estimated revenue potential of approximately ₹750 crore was launched in Q1 FY 2026-27.
• Birla Navya (JV with Birla Estates): Phase I delivered; occupancy certificates for Phase II received and deliveries commenced; Phase III progressing rapidly; Phase IV launched in Q4 FY 2024-25.
• The Estate Residences: A 248-unit, 4-BHK luxury group housing project spread across 5.43 acres with 0.99 msf saleable area, with construction progressing ahead of schedule.
• Anant Raj Aashray II, Tirupati: An affordable housing project comprising 1,848 units across 10.14 acres with 1.2 msf saleable area and projected revenue of ₹350 crore, under active construction.
• Delhi Projects: Construction resumed at Anant Raj Center 1, Chhatarpur, South Delhi. Anant Raj Center 2 (NH-8) expansion of 6.10 lakh sq. ft. is planned subject to FSI approval.
• New Group Housing Approvals: Licence and key approvals obtained for Group Housing-2 on 5.09 acres with a planned saleable area of 0.90 million sq. ft.; Group Housing-3 on 6.38 acres with an estimated saleable area of 1.20 million sq. ft. is at an advanced licensing stage.

The company holds approximately 320 acres of fully paid, litigation-free land bank, providing development visibility of 10–12 years.

Data Centres and Cloud Services

The data centre business recorded significant growth. Consolidated revenue from data centre, infrastructure, rental, and other services was ₹19,190.90 lakhs in FY 2025-26, compared to ₹8,458.34 lakhs in the previous year, a growth of 126.89%.

Key operational milestones during FY 2025-26 are summarised below:

Anant Raj Cloud signed an MoU with the Andhra Pradesh Economic Development Board (APEDB) for a 50 MW data centre and 7.5 lakh sq. ft. IT Park in Amravati, with a planned investment of ₹4,500 crore in two phases. The company also signed an MoU with the Haryana Government to invest ₹25,000 crore in data centres and cloud services across Manesar, Rai, and Panchkula, targeting 307 MW capacity creation by 2032. A subsidiary, Anant Raj Cloud Singapore Pte. Ltd., was incorporated to expand international cloud business. The company partnered with Submer Technologies, Spain, for AI-ready, liquid-cooled data centres and AI cloud services across India.

Capital Raising and Shareholding

During FY 2025-26, the company allotted 1,66,16,314 equity shares of face value ₹2 each at an issue price of ₹662 per equity share to eligible Qualified Institutional Buyers through a QIP, aggregating to ₹1,099.99 crore. As of March 31, 2026, ₹350 crore had been utilised towards the stated objects of the QIP, with ₹750 crore remaining unutilised. Consequent to this issuance, the paid-up share capital increased to ₹71,97,53,860, comprising 35,98,76,930 equity shares of ₹2 each.

Dividend and AGM

The Board of Directors recommended a final dividend at 50%, i.e., Re. 1 per equity share (face value of ₹2 per equity share) for FY 2025-26, subject to shareholder approval. The cash outflow on account of dividend will be ₹3,598.77 lakhs (previous year ₹2,505.80 lakhs).

The Forty-First (41st) Annual General Meeting of Anant Raj Limited is scheduled for Friday, August 7, 2026, at 10:00 A.M. at the Registered Office at Plot No. CP-1, Sector-8, IMT Manesar, Gurugram, Haryana – 122051. The remote e-voting period will commence on Tuesday, August 4, 2026 (9:00 am) and end on Thursday, August 6, 2026 (5:00 pm). The record date for dividend payment is Friday, July 31, 2026.

AGM Agenda Highlights

The following key resolutions are proposed at the 41st AGM:

• Ordinary Business: Adoption of audited financial statements for FY 2025-26; declaration of final dividend; re-appointment of Sh. Aman Sarin (DIN: 00015887), who retires by rotation.
• Special Business:
  • Appointment of Sh. Anish Sarin (DIN: 08845358) as Director and Whole-time Director for 5 years w.e.f. May 11, 2026, at a remuneration of ₹7,50,000/- per month, with an annual commission of ₹35,00,000/- w.e.f. FY 2026-2027.
  • Increase in managerial remuneration of Sh. Amit Sarin (Managing Director), Sh. Aman Sarin (WTD & CEO), and Sh. Ashim Sarin (WTD & COO) by way of annual commission of ₹35,00,000/- each, effective FY 2025-2026.
  • Payment of annual commission of ₹21,00,000/- each to Non-Executive Independent Directors for 5 consecutive financial years commencing FY 2025-2026.
  • Ratification of remuneration of ₹1,00,000/- payable to M/s Yogesh Gupta & Associates, Cost Auditors, for FY 2026-27.

Corporate Developments

The Board constituted a Demerger Committee at its meeting held on May 11, 2026, to evaluate restructuring options including potential merger, demerger, or reorganisation of the company's Real Estate and Data Centre businesses into independent entities with dedicated management teams. The committee is authorised to engage external advisors and submit recommendations to the Board.

The company's CSR expenditure for FY 2025-26 was ₹491.84 lakhs, against a CSR obligation of ₹383.60 lakhs. The Monica Sarin Foundation has positively impacted more than 8,521 lives to date. As on March 31, 2026, the company had 266 permanent employees on its rolls (standalone) and a total workforce of 403 employees (consolidated).

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE242C01024/3557974f-04b0-4fb3-934d-a71f8e0cb32a.pdf

Anant Raj Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, disclosing its environmental, social, and governance (ESG) performance. The real estate developer reported on key sustainability metrics, including energy consumption, water usage, and waste management, while maintaining a strong safety record with zero fatalities during the year. The report has received reasonable assurance from TUV SUD South Asia Private Limited for the BRSR Core indicators.

Environmental Performance

The company reported total energy consumption of 32,832.54 Giga Joules (GJ) for FY 2025-26, entirely sourced from non-renewable sources. This figure represents an increase from the 15,497.95 GJ consumed in the previous financial year. Total water consumption stood at 1,23,621.50 kilolitres, with water intensity recorded at 82.9 per rupee of turnover. The company generated 0.74 metric tonnes of hazardous waste during the year, a significant reduction from the 937.445 metric tonnes reported in FY 2024-25.

Social and Governance Metrics

Anant Raj Limited employed 403 permanent employees and 470 workers as of the end of the financial year. Female representation among permanent employees was 10.92%. The company reported spending ₹39,04,638 on well-being measures for employees and workers, which accounted for 0.02% of total revenue. The Board of Directors comprises seven members, including one woman director, resulting in 14.29% female representation on the board.

Stakeholder Grievances and Assurance

The company received 25 shareholder complaints during the year, all of which were resolved, compared to 18 complaints in the previous year. Customer complaints totaled 256, with 23 pending resolution at the close of the year. TUV SUD South Asia Private Limited conducted an independent assurance engagement, confirming that the BRSR Core indicators were prepared in all material respects in accordance with SEBI reporting requirements.

Key Sustainability Metrics