Anant Raj Reports Q3 FY26 Results: Revenue Up 20% YoY to ₹640 Crore, Data Centre Business Gains Momentum
Anant Raj Reports Strong Q3 FY26 Earnings as Data Centre Business Accelerates
Anant Raj Limited, one of Delhi-NCR's leading real estate developers, reported its strongest quarterly performance to date in Q3 FY26, with consolidated net profit surging 30.76% year-on-year to ₹144.25 crores. The December 2025 quarter showcased the company's operational excellence, with revenue climbing to ₹641.59 crores, marking a sequential growth of 1.71% over Q2 FY26 and a robust 20.00% year-on-year expansion.
Record Quarterly Revenue with Improved Margins
Net sales of ₹641.59 crores represented the company's highest-ever quarterly revenue, whilst consolidated net profit of ₹144.25 crores marked a sequential improvement of 4.44% over Q2 FY26. EBITDA grew 31.96% YoY to ₹188.55 crore, while EBITDA margins improved to 28.55%, expanding 229 basis points compared to 26.27% a year earlier.
Operating margins (excluding other income) expanded to 26.46% in Q3 FY26, up from 24.98% in the year-ago quarter and representing the highest margin achieved in recent quarters. This 148 basis point year-on-year improvement reflects superior project execution, favourable product mix, and disciplined cost control.
Strong Nine-Month Performance on Track for Full-Year Growth
On a nine-month basis for FY26, the company has generated revenues of ₹1,864.79 crores, already surpassing 90% of FY25's full-year sales of ₹2,059 crores, positioning it for a strong finish to the fiscal year. On an annual basis, FY25 results showcased extraordinary growth, with revenues surging 38.80% to ₹2,059 crores and net profit more than doubling from ₹264 crores in FY24 to ₹421 crores. This represented a five-year revenue compound annual growth rate (CAGR) of 56.02%, positioning Anant Raj amongst the fastest-growing real estate developers in the country.
Data Centre Business Driving Profitability Expansion
Revenue from Operations, including income from data centres, rose 20% year-on-year to ₹641.59 crore. Revenue from Data Center, Infrastructure and Allied Services contributed ₹43.57 crore during the quarter. The data centre segment has become a core driver of margin expansion, with 28 MW operational capacity across Manesar, Panchkula, and Rai locations contributing 75% to absolute EBITDA and 43.23% to PAT in the first half of FY26.
The company targets 63 megawatts operational capacity by December 2026. 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.
Capital Efficiency and Balance Sheet Strength
Interest costs remained remarkably contained at ₹3.31 crores despite the company's growth trajectory, highlighting prudent capital management and low leverage. The company remains net cash positive and fully funded for planned expansions.
Company Background
The company was formerly known as Anant Raj Industries Limited and changed its name to Anant Raj Limited in October 2012. The company was founded in 1969 and is headquartered in New Delhi, India. Anant Raj Limited is primarily engaged in the real estate and infrastructure development business in India and Singapore. It develops and constructs residential townships, group housings, commercial developments, information and technology parks, malls, office complexes, affordable housings, data centres, hospitality, and serviced apartments.