Anant Raj's Data Centre Business Generates ₹58.42 Crore Revenue in H1 FY26
Anant Raj Limited's data centre business generated ₹58.42 crore revenue in H1 FY26, demonstrating successful monetization of its digital infrastructure investments. With 28 MW operational capacity across Manesar, Panchkula, and Rai locations, the segment contributed 75% to absolute EBITDA and 43.23% to PAT. The company has deployed ₹700 crore capital in the business while maintaining financial discipline through residential cash flow funding. Targeting 63 MW capacity by December 2026 and 117 MW by FY28, Anant Raj offers integrated colocation and cloud services through its subsidiary, positioning itself competitively in the growing digital infrastructure market.
*this image is generated using AI for illustrative purposes only.
Anant Raj Limited has successfully transformed its data centre investments into meaningful revenue streams, with the business generating ₹58.42 crore in H1 FY26. The company's strategic expansion into digital infrastructure is now delivering tangible financial results, marking a significant milestone in its diversification beyond traditional real estate operations.
Operational Capacity and Infrastructure
Anant Raj currently operates 28 megawatts of IT load capacity across three strategic locations. The company's data centre footprint spans multiple facilities designed to serve the growing digital infrastructure demand in North India.
| Location: | Operational Capacity | Planned Total Capacity | Key Features |
|---|---|---|---|
| Manesar: | 21 MW (6 MW + 15 MW) | 50 MW | 0.5 MW dedicated to cloud services |
| Panchkula: | 7 MW | 57 MW | 5.25 acres greenfield land available |
| Rai: | Under development | 200 MW potential | 100 MW existing + 100 MW greenfield |
The company has established partnerships with leading technology vendors to ensure international standards. Infrastructure components include Schneider Electric rack systems and UPS solutions, CommScope and Cisco IT design support, and Mitsubishi Electric HVAC systems.
Financial Performance and Revenue Contribution
The data centre business has demonstrated strong financial metrics in recent reporting periods. H1 FY26 results show significant revenue contribution from the digital infrastructure segment.
| Financial Metric: | H1 FY26 | Growth Rate | Margin |
|---|---|---|---|
| Total Revenue: | ₹1,223.20 crore | +24.22% YoY | - |
| Data Centre Revenue: | ₹58.42 crore | - | - |
| EBITDA: | ₹338.58 crore | +43.17% YoY | 27.23% |
| PAT: | ₹264.08 crore | +34.28% YoY | 21.24% |
For Q2 FY26 specifically, the company reported revenue from data centre infrastructure and allied services of ₹35.47 crore, contributing to overall quarterly revenue of ₹630.79 crore.
Profitability and Capital Deployment
The data centre segment has emerged as a high-margin business vertical within Anant Raj's portfolio. Management indicated that the absolute EBITDA contribution from data centres for H1 stands at approximately 75.00%, while PAT contribution reached 43.23%.
Capital employed in the data centre business has reached ₹700 crore, following an addition of ₹187 crore in the latest half-year period. The company has maintained financial discipline by funding construction through surplus residential cash flows while simultaneously reducing overall debt levels.
Service Portfolio and Market Positioning
Anant Raj operates its data centre business through wholly-owned subsidiary Anant Raj Cloud Private Limited. The company offers an integrated service portfolio extending beyond traditional colocation:
- Colocation Services: Core rack and power rental forming the revenue backbone
- Cloud Services: Platform as a Service (PaaS) and Software as a Service (SaaS) through Orange Business partnership
- Sovereign Cloud: Ashok Cloud offering compute, storage, networking, and security services
- AI-enabled Solutions: Under development to move up the digital value chain
Approximately 25.00% of the planned 307 megawatts total IT load capacity is expected to be utilized for cloud services over time.
Expansion Roadmap and Future Targets
Anant Raj has outlined a structured capacity expansion plan aligned with market demand and leasing visibility. The company targets 63 megawatts operational capacity by December 2026.
| Timeline: | Total Capacity | Colocation | Cloud Services | Vacant/Flexible |
|---|---|---|---|---|
| December 2026: | 63 MW | 49 MW | 6 MW | 8 MW |
| FY28 Target: | 117 MW | 87 MW | 36 MW | 16 MW reserved |
Management expects rentals from the data centre business to exceed ₹50 crore in fiscal 2026 and cross ₹100 crore in the medium term as operational capacity scales and rent-free periods conclude.
Market Demand and Competitive Positioning
The company reports strong demand visibility from e-commerce players, enterprises, and sovereign cloud users. Management highlighted that demand is not a constraint, with the primary bottleneck being funding, which has been addressed following the recent QIP.
Anant Raj positions itself as cost-competitive, offering services at approximately 50.00% lower cost compared to broader market pricing while maintaining healthy margins. This pricing advantage, combined with integrated service offerings, is expected to strengthen customer retention and market position.
Historical Stock Returns for Anant Raj
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.50% | -0.25% | +9.53% | +0.13% | -41.09% | +1,964.04% |
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