Anant Raj LimitedQ2 FY27 Results & Financial Update

Anant Raj Limited: Q2 FY27 consolidated results and company financials – revenue ₹661.53 Cr, PAT ₹156.49 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: ANANTRAJPublished 28 Oct 2026Updated 28 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹661.53 CrReported Q2 FY27
Profit after tax₹156.49 CrReported Q2 FY27
Sequential change+4.9%Quarter-on-quarter

Find an answer

Ask this result

Chart · Market context

Anant Raj price & chart

Market priceLoading…
1Y return—Price return
Loading market chart…
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Anant Raj Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Anant Raj Limited reported consolidated revenue from operations of INR 661.53 crore for the quarter ended September 30, 2026 (Q2 FY27), registering a sequential increase of 4.77% compared to INR 631.40 crore in the preceding quarter (Q1 FY27).

02

Total income for the quarter stood at INR 678.95 crore, up from INR 650.75 crore in Q1 FY27, bolstered by other income of INR 17.42 crore.

03

Profit Before Tax (PBT) for Q2 FY27 rose to INR 187.78 crore compared to INR 185.33 crore in Q1 FY27, reflecting steady operational performance across the portfolio.

04

Net Profit After Tax (PAT) for the quarter reached INR 156.49 crore, marking a 4.89% sequential growth over the INR 149.19 crore recorded in the previous quarter. The resultant PAT margin for Q2 FY27 stood at approximately 23.66%.

06

The company's finance costs remained tightly controlled at INR 1.09 crore for the quarter, while depreciation and amortization expenses stood at INR 26.50 crore. Tax expenses for the period were recorded at INR 33.08 crore along with provisions of INR 1.59 crore.

07

Anant Raj Limited reported consolidated total revenue of INR 661.53 crore for the quarter ended September 30, 2026, representing a sequential expansion from INR 631.40 crore recorded in the previous quarter ended June 30, 2026. Total income reached INR 678.95 crore compared to INR 650.75 crore sequentially.

08

Consolidated Profit After Tax (PAT) for Q2 FY27 stood at INR 156.49 crore, compared to INR 149.19 crore in the preceding quarter, indicating steady sequential profitability growth. Earnings per share (EPS) for the quarter moved up to INR 4.36 from INR 4.16 in Q1 FY27.

01 · Business model

What does Anant Raj do?

Anant Raj Limited operates primarily in the real estate and infrastructure development sector, focusing on the construction and development of residential projects, commercial spaces, IT parks, and data centers, predominantly in the National Capital Region (NCR) of India.

The company derives its revenues from property development, leasing of commercial and IT infrastructure assets, and providing related real estate services. Its business model integrates land acquisition, master planning, construction execution, and asset management.

Anant Raj caters to diverse client segments ranging from retail home buyers to corporate tenants and hyperscale technology enterprises seeking high-specification data center capacity.

The economic and operating performance of the company is closely tied to urban real estate demand cycles, commercial leasing absorption rates, financing costs, and execution velocity across its large land reserves and development pipeline.

02 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹661.53 Cr₹631.40 Cr
Total income₹678.95 Cr₹650.75 Cr
Profit before tax₹187.78 Cr₹185.33 Cr
Profit after tax₹156.49 Cr₹149.19 Cr
EPS₹4.36₹4.16

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Sequential Revenue Expansion

Revenue from operations advanced to INR 661.53 crore in Q2 FY27 from INR 631.40 crore in Q1 FY27, representing a top-line expansion of 4.77%.

Total Income Composition

Total income reached INR 678.95 crore, incorporating INR 17.42 crore of other income alongside core operational revenues.

Sequential Revenue Expansion

Consolidated revenue from operations grew to INR 661.53 crore in Q2 FY27 from INR 631.40 crore in Q1 FY27, driven by sustained project execution and leasing operations.

Sequential Top-Line Growth

Revenue from operations advanced to INR 661.53 crore during Q2 FY27, moving up from INR 631.40 crore in Q1 FY27.

Total Income Expansion

Total income grew to INR 678.95 crore in the current quarter, supported by other income of INR 17.42 crore.

What drove margins

Profitability Margins

Net profit margin stood firm at 23.66% for Q2 FY27, reflecting a slight expansion from 23.63% in Q1 FY27.

Cost Management

Finance costs remained minimal at INR 1.09 crore for the quarter, supporting bottom-line retention alongside depreciation charges of INR 26.50 crore.

Financing Cost Efficiency

Finance costs remained tightly contained at INR 1.09 crore for the quarter, supporting bottom-line retention and overall margin stability.

Depreciation Outlays

Depreciation and amortization expense increased to INR 26.50 crore from INR 16.21 crore in the preceding quarter, reflecting additions to depreciable asset blocks.

Tax Outflow Adjustments

Tax provisions stood at INR 33.08 crore for Q2 FY27, moderating from INR 39.20 crore in Q1 FY27 and contributing to a PAT margin of 23.66%.

Tax Expense Movement

Tax outgo moderated to INR 33.08 crore in Q2 FY27 compared to INR 39.20 crore in Q1 FY27, aiding bottom-line expansion.

Depreciation and Finance Costs

Depreciation increased to INR 26.50 crore from INR 16.21 crore in the previous quarter, while finance costs remained modest at INR 1.09 crore.

04 · Segments, products & geography

Which parts of the business are doing the work

Geography and market mix

National Capital Region Focus

The company's operational footprint remains concentrated in the National Capital Region, encompassing commercial, residential, and digital infrastructure assets.

05 · Reported developments

What changed operationally

Sequential Earnings Growth

Both PBT and PAT registered positive sequential growth, with PAT increasing by 4.89% to INR 156.49 crore.

Sequential Profitability Growth

Consolidated PAT expanded to INR 156.49 crore in Q2 FY27 from INR 149.19 crore in Q1 FY27, accompanied by an increase in EPS to INR 4.36.

Sequential Profitability Improvement

Net profit after tax increased to INR 156.49 crore in Q2 FY27 from INR 149.19 crore in Q1 FY27.

06 · Items worth noticing

The line items that can distort a quick read

Quarterly Provisions

The company recorded provisions amounting to INR 1.59 crore during the quarter.

Quarterly Provisions

The company recognized provisions amounting to INR 1.59 crore during the quarter ended September 30, 2026.

07 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Minimal Debt Servicing Burden

Reported quarterly finance costs of INR 1.09 crore indicate a low cost of debt servicing relative to operating scale during the period.

08 · Beyond the numbers

What changed beyond the numbers

Reported update

Financial Reporting Scope

The reported financials are based on consolidated un-audited results for Q2 FY27 approved by the board and filed via official exchange disclosures.

09 · Previous-quarter changes

What changed since the previous quarter

QoQ Topline and Bottom-line Progression

Compared to Q1 FY27, revenue expanded from INR 631.40 crore to INR 661.53 crore, and PAT increased from INR 149.19 crore to INR 156.49 crore.

Sequential Revenue and Profit Gains

The company demonstrated sequential growth with operating revenue rising to INR 661.53 crore and PAT climbing to INR 156.49 crore.

10 · Key Q&A

The quarter, answered directly

What does Anant Raj do?

Anant Raj Limited operates primarily in the real estate and infrastructure development sector, focusing on the construction and development of residential projects, commercial spaces, IT parks, and data centers, predominantly in the National Capital Region (NCR) of India.

What is the clearest takeaway from Q2 FY27?

Anant Raj Limited reported consolidated revenue from operations of INR 661.53 crore for the quarter ended September 30, 2026 (Q2 FY27), registering a sequential increase of 4.77% compared to INR 631.40 crore in the preceding quarter (Q1 FY27).

What drove revenue or demand?

Revenue from operations advanced to INR 661.53 crore in Q2 FY27 from INR 631.40 crore in Q1 FY27, representing a top-line expansion of 4.77%.

What mattered most for margins or profitability?

Net profit margin stood firm at 23.66% for Q2 FY27, reflecting a slight expansion from 23.63% in Q1 FY27.

What changed operationally beyond the headline numbers?

The reported financials are based on consolidated un-audited results for Q2 FY27 approved by the board and filed via official exchange disclosures.

What should the next disclosure help confirm?

Monitor forthcoming quarterly disclosures to track revenue sustainability and margin trajectories across commercial and residential segments.

11 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

12 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Sequential Financial Tracking: Monitor forthcoming quarterly disclosures to track revenue sustainability and margin trajectories across commercial and residential segments.

  2. 02

    Asset Capitalization and Depreciation Trajectory: Monitor future depreciation trends (INR 26.50 crore in Q2 FY27 vs INR 16.21 crore in Q1 FY27) to gauge the pace of asset operationalization.

  3. 03

    Sustained Revenue and Margin Execution: Track subsequent quarterly disclosures to assess whether sequential top-line momentum above INR 660 crore is maintained.

  4. 04

    Subsequent Quarter Financial Disclosures: Track upcoming financial performance metrics and operational progress in future exchange filings.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

← Back to Quarterly Results