Anant Raj Share Price Surges Following Impressive Quarterly Results
In an exciting turn of events, Anant Raj saw its stock price soar by 6.36% in early trading on April 21, reaching a two-week high of ₹525 per share. This surge comes on the heels of the company unveiling robust financial figures for the quarter ending in March, showcasing significant growth that has caught the attention of investors.
Strong Financial Performance
Anant Raj reported a net profit of ₹119 crore for the latest quarter, marking a remarkable 41% increase compared to the ₹84 crore earned during the same period last year. Additionally, revenue from operations climbed to ₹541 crore, up from ₹443 crore in the previous year.
- Net Profit: ₹119 crore (Up 41% YoY)
- Revenue: ₹541 crore (Previous Year: ₹443 crore)
- EBITDA Growth: 36.53% YoY to ₹142 crore
- EBITDA Margin: Increased to 26% from 24%
Dividends and Business Focus
Alongside these impressive results, Anant Raj has declared a dividend of ₹0.73 per equity share, translating to 36.50% of its face value of ₹2 per share. This commitment to returning value to shareholders reflects the company’s solid performance in the real estate sector, which includes residential, commercial, and hospitality projects. Anant Raj is also involved in providing data center space and engineering, procurement, and construction (EPC) services for data center developments.
Stock Price Context
Despite the positive momentum, Anant Raj’s stock is still trading 46% below its all-time high of ₹947, reached in December 2024. This decline follows an extraordinary rally from June 2022 to December 2024, during which the stock skyrocketed by an astounding 1,757% for its investors.
Optimistic Analyst Outlook
While short-term fluctuations in the stock price can be concerning, analysts maintain a bullish outlook on Anant Raj’s future. The demand for data centers in India is projected to grow, fueled by both structural and cyclical trends.
According to JM Financial, a prominent domestic brokerage, Anant Raj is set to enhance its portfolio by developing Tier III and IV data centers with an impressive capacity of up to 157 MW IT load. This will be achieved by repurposing existing IT Park facilities in Haryana, indicating a strategic move to capitalize on the burgeoning data center market.
In summary, Anant Raj’s recent financial performance and strategic initiatives position it well for sustained growth, making it a noteworthy player in the real estate sector.
