Shares of Anant Raj Limited (NSE:ANANTRAJ) witnessed profit booking in the latest session, with the stock declining over 5% after a recent sharp rally. The stock is currently trading near its 51-day EMA around ₹505, indicating consolidation after strong momentum seen in previous weeks.
Despite the near-term correction, the company reported strong FY26 operational and financial performance, supported by growth in its real estate business, rising annuity income, and rapid expansion in data center and cloud infrastructure operations.
Data Source: Company Filing; Image source: © 2026 Krish Capital Pty. Ltd., Analysis: Kalkine Group
Strong FY26 Revenue and Profit Growth
Anant Raj reported FY26 revenue from operations (including data center income) of ₹2,511.6 crore, reflecting 21.9% YoY growth. EBITDA increased 35.9% YoY to ₹723.15 crore, while PAT rose 30.8% YoY to ₹557.02 crore.
FY26 EBITDA margin improved significantly to 28.04% compared to 25.33% in FY25, while PAT margin expanded to 21.6% from 20.27% in the previous year.
During Q4FY26:
- Revenue rose 19.6% YoY to ₹646.81 crore
- EBITDA increased 28.4% YoY to ₹196.02 crore
- PAT grew 25.2% YoY to ₹148.71 crore
The company also received a credit rating upgrade from Infomerics to “IVR A-/Stable,” reflecting improving financial strength and operational visibility.
Data Center and Cloud Business Emerging as Major Growth Driver
One of the biggest highlights for Anant Raj remains the rapid scaling of its data center and cloud services business.
The company currently operates:
- 21 MW IT load capacity at Manesar
- 7 MW IT load capacity at Panchkula
- Total operational capacity of 28 MW IT load
Management has outlined an ambitious roadmap to scale total IT load capacity to 357 MW by 2032 through expansions across:
- Manesar
- Panchkula
- Rai
- Andhra Pradesh
The company also signed an MoU with the Andhra Pradesh government for development of an additional 50 MW data center facility, strengthening its South India footprint.
Further, Anant Raj Cloud has:
- Partnered with Spain-based AI infrastructure company Submer
- Received empanelment from MeitY as a Sovereign Cloud Service Provider
- Received BSNL empanelment as a Data Centre Service Provider
Management stated that the company aims to expand from traditional colocation services into AI-enabled cloud infrastructure and enterprise digital solutions.
Luxury Real Estate Pipeline Strengthens Visibility
The company continues strengthening its luxury residential portfolio in Gurugram’s Sector 63A micro-market.
Upcoming projects include:
- Group Housing 2 with estimated revenue potential of ₹2,180 crore
- Group Housing 3 with estimated revenue potential of ₹2,886 crore
Construction activity also remains strong across:
- The Estate Residences
- Birla Navya JV projects
- Ashok Estate township developments
Anant Raj additionally possesses approximately 83.43 acres of low-cost land reserves across Delhi-NCR, supporting long-term development visibility.
Strong Balance Sheet and Annuity Portfolio
The company has significantly reduced its net debt from ₹1,626 crore in FY21 to nearly ₹50 crore in FY26, improving financial flexibility for future growth.
Its annuity portfolio includes:
- Commercial buildings
- IT parks
- Hotels
- Data centers
- Cloud infrastructure assets
Management highlighted that 1.92 million sq. ft. of commercial leasable area remains fully leased under long-term agreements, supporting stable recurring cash flows.
Technical Summary
The stock has witnessed profit booking after a recent rally toward the ₹550 zone. Price action suggests short-term consolidation near the 51-day EMA. Immediate support is visible around ₹500, while resistance remains near ₹550–575. Sustaining above ₹500 could help maintain the broader recovery trend, whereas weakness below this level may trigger additional near-term volatility.
Chart by TradingView
Conclusion
Anant Raj delivered strong FY26 earnings growth supported by expanding real estate operations, rising annuity income, and rapid scaling of its data center and cloud infrastructure business.
The company’s strategic push into sovereign cloud services, AI-enabled infrastructure, and large-scale data center expansion positions it favorably within India’s growing digital infrastructure opportunity, while its luxury real estate pipeline and strong land bank continue supporting long-term growth visibility.
FAQs
- Why did Anant Raj stock fall recently?
The stock witnessed profit booking after a strong rally despite reporting robust FY26 earnings growth.
- What is Anant Raj’s data center expansion target?
The company plans to scale total IT load capacity to 357 MW by 2032.
- What was Anant Raj’s FY26 PAT?
The company reported FY26 PAT of ₹557.02 crore, up 30.8% YoY.