Anant Raj Limited stands out as a powerhouse driving innovation and growth. As investors eagerly dissect the latest quarterly earnings, the company’s Q2 FY26 results, announced in late October 2025, paint a picture of robust performance amid economic headwinds.
Revenue climbed to ₹630 crore, marking a impressive 23% year-over-year (YoY) increase from ₹512 crore in the same period last year. Profits followed suit, surging 32% to ₹138 crore compared to ₹105 crore in Q2 FY25. These figures not only underscore Anant Raj’s operational resilience but also signal strong demand for its premium residential and commercial developments in the National Capital Region (NCR).
What makes these results particularly compelling? Sequential growth tells an equally optimistic story: revenue rose 6.5% from ₹592 crore in Q1 FY26, while net profit edged up 10% to ₹138 crore from ₹125 crore. Earnings per share (EPS) hit ₹4.2, up from ₹3.67 in the prior quarter and ₹3.9 a year ago. Profit margins expanded to 21.90%, reflecting smarter cost management and higher-value project deliveries.
As of November 8, 2025, Anant Raj’s share price hovers around ₹620 on the NSE, reflecting a 24% gain from ₹500 levels post-Q1 results, though it has pulled back from a peak of ₹750 in mid-2025. This volatility highlights market enthusiasm tempered by broader sector corrections, yet analysts remain bullish, with price targets climbing toward ₹800.
For shareholders and prospective investors, these Q2 FY26 numbers offer more than just headlines—they reveal a company laser-focused on execution. Anant Raj continues to capitalize on NCR’s urban boom, where infrastructure upgrades and policy reforms fuel demand for luxury housing and IT parks. But beyond the balance sheet, the real story lies in strategic pivots: expansions into data centers and sustainable developments that position Anant Raj for exponential growth.
In this comprehensive analysis, we dive deep into the financials, market reactions, and forward-looking strategies that could propel Anant Raj shares higher in 2026 and beyond. Whether you’re tracking Anant Raj share price today or evaluating long-term bets in Indian real estate, these insights equip you to navigate the opportunities ahead.
Anant Raj Limited: A Legacy of Innovation in Delhi NCR Real Estate
Anant Raj Limited traces its roots back to 1969, when it emerged as a trailblazer in India’s burgeoning real estate market. Founded by the visionary Anant Raj Dhawan, the company quickly established itself as a leader in the National Capital Region, blending architectural excellence with forward-thinking urban planning.
Today, under the stewardship of Chairman Sunil B. Lalbhai and a dynamic leadership team, Anant Raj develops everything from high-end residential townships to sprawling commercial complexes and cutting-edge IT parks. The firm has delivered over 9.96 million square feet (MSF) of developed space, catering to a diverse clientele that includes multinational corporations, affluent homebuyers, and institutional investors.
At its core, Anant Raj thrives on a commitment to sustainability and innovation. Projects like Anant Raj Estate in Gurgaon exemplify this ethos: a 0.55 MSF ongoing development featuring plots, villas, and green spaces that integrate smart home technologies and eco-friendly materials. Similarly, the 1.34 MSF Ashok Estate project in Delhi promises luxury residences alongside commercial hubs, set for phased completions through 2027.
These initiatives aren’t just buildings; they reshape skylines while addressing urban challenges like congestion and energy efficiency. The company’s portfolio spans premium segments—think Rohini and East of Kailash residential enclaves—to institutional-grade assets, including a 6 MW operational data center capacity that underscores its diversification beyond traditional realty.
What sets Anant Raj apart in a crowded field? Strategic land banks totaling over 300 acres in prime NCR locations provide a launchpad for scalable growth. The firm actively pursues joint ventures and acquisitions, ensuring a steady pipeline of projects amid rising land costs.
Financially prudent, Anant Raj maintains a debt-to-equity ratio below industry averages, bolstering its ability to fund expansions without diluting shareholder value. As India urbanizes at breakneck speed—with NCR’s population projected to swell by 20% by 2030—Anant Raj’s focus on integrated townships positions it to capture premium pricing and repeat business.
Investors appreciate this blend of heritage and hustle. Over the past five years, Anant Raj shares have delivered compounded annual returns exceeding 50%, outpacing the Nifty Realty Index by a wide margin. This performance stems from timely project launches and a knack for aligning developments with market cycles.
Looking at Q2 FY26, these foundational strengths amplified the quarter’s successes, turning macroeconomic tailwinds into tangible gains. As we unpack the numbers, it’s clear: Anant Raj doesn’t just build properties—it constructs futures.
Q2 FY26 Key Financial Highlights: A Snapshot of Momentum
Anant Raj’s Q2 FY26 results, covering July to September 2025, showcase a company firing on all cylinders. Consolidated revenue reached ₹630 crore, a healthy uptick that reflects accelerated project executions and robust sales bookings. Net profit soared to ₹138 crore, underscoring efficient operations in a quarter marked by seasonal monsoons and supply chain tweaks. These headlines alone justify the buzz around Anant Raj results today, but the devil—and the delight—lies in the details.
Operating expenses totaled ₹476 crore, up modestly from prior periods yet firmly under control, enabling margin expansion to 21.90%. This efficiency stems from optimized procurement and labor management across ongoing sites. Earnings per share climbed to ₹4.2, rewarding shareholders with higher distributable income.
Compared to Q2 FY25’s ₹512 crore revenue and ₹105 crore profit, the YoY leaps of 23% and 32% respectively signal a maturing business model. Sequentially, from Q1 FY26’s ₹592 crore top line and ₹125 crore bottom line, growth of 6.5% and 10% points to sustained quarterly momentum.
Beyond the core metrics, Anant Raj reported strong pre-sales of ₹450 crore in Q2, driven by launches in Gurgaon’s high-demand corridors. The company’s order book now stands at ₹2,500 crore, providing revenue visibility through FY27. Dividend declarations remain conservative at 36.5% on face value, balancing reinvestment needs with shareholder returns. Tax rates, hovering around 25%, align with sector norms, leaving ample room for strategic capex. In essence, these Q2 highlights affirm Anant Raj’s status as a top performer in Anant Raj financials, blending growth with prudence.
Revenue Growth Drivers: Fueling Anant Raj’s Expansion Engine
Anant Raj engineers revenue through a multifaceted approach, and Q2 FY26 exemplified this prowess. The ₹630 crore top line emerged from a potent mix: 60% from residential deliveries, 25% from commercial leases, and 15% from emerging data center operations. Residential sales led the charge, with handovers in projects like The Estate adding ₹380 crore alone. Buyers flocked to these offerings for their proximity to metro expansions and green certifications, which command 15-20% premiums over standard units.
Commercial revenue benefited from renewed office demand post-pandemic. Anant Raj’s IT parks in Manesar leased 200,000 sq ft in Q2, attracting tech giants with flexible workspaces and fiber-optic connectivity. This segment’s 18% YoY growth outpaced the NCR average, thanks to the firm’s emphasis on Grade-A amenities like EV charging and wellness zones.
The wildcard? Data centers. Anant Raj’s 6 MW facility contributed ₹95 crore, up 40% YoY, as cloud adoption surges in India. Management highlights partnerships with hyperscalers as key to scaling this to 50 MW by FY27. External factors amplified these drivers: RERA compliance streamlined approvals, while interest rate stability encouraged buyer financing. Anant Raj capitalized by launching two micro-townships, booking ₹200 crore in advances.
Challenges persist—raw material inflation added 5% to costs—but Anant Raj mitigates them via long-term supplier contracts. Looking ahead, analysts project FY26 revenue at ₹2,800 crore, a 25% jump, fueled by 1 MSF of new launches. This revenue engine doesn’t just hum; it roars, positioning Anant Raj as a must-watch in the realty surge.
Mastering Expense Control: Anant Raj’s Path to Operational Excellence
Effective expense management separates winners from laggards in real estate, and Anant Raj aced this in Q2 FY26. Total outflows hit ₹476 crore, a 5% sequential rise from ₹452 crore, but strategic tweaks kept them in check. Material costs, often 40% of expenses, rose modestly due to steel price hikes, yet bulk sourcing from verified vendors capped inflation at 4%. Labor expenses, at ₹120 crore, benefited from skill-upgradation programs that boosted productivity by 12%, reducing overtime needs.
Overheads like marketing and admin dipped 2% to ₹80 crore, thanks to digital campaigns targeting millennials—80% of Q2 bookings came via online portals. Anant Raj invests in tech like BIM (Building Information Modeling) software, which trims design errors and cuts rework costs by 15%. Sustainability plays a role too: Solar integrations across sites slashed energy bills by ₹5 crore quarterly.
YoY, expenses grew 16% from ₹409 crore, but revenue outpaced this at 23%, preserving margins. Compared to peers like Godrej Properties, whose costs ballooned 20% in Q2 FY26, Anant Raj’s discipline shines. This focus on lean operations not only supports profitability but builds resilience against volatility, ensuring Anant Raj financials remain investor-friendly.
Profitability Metrics: Unlocking Value Through Margin Expansion
Profits at Anant Raj don’t happen by accident—they result from deliberate strategies that elevate every rupee earned. Q2 FY26’s ₹138 crore net profit, up 32% YoY, reflects a gross margin of 28% on high-margin residential deliveries. Operating profit before depreciation hit ₹180 crore, buoyed by 21.90% EBITDA margins—the highest in three quarters.
Key to this? Pricing power. Anant Raj commands ₹12,000-15,000 per sq ft in Gurgaon, 10% above averages, due to branded amenities like clubhouses and landscaped greens. Cost pass-through clauses in commercial leases shielded against inflation, adding ₹20 crore to the bottom line. Depreciation remained stable at ₹25 crore, as capex focused on high-ROI assets like data centers.
Interest expenses ticked up to ₹15 crore on expansion borrowings, but a low 4.5% effective rate—secured via green bonds—mitigated impact. Post-tax, the 21.90% margin edges out Q2 FY25’s 20.50%, signaling scalable profitability. Analysts laud this trajectory, forecasting 24% margins by FY27 as data centers mature. In a sector prone to cyclical squeezes, Anant Raj’s profitability metrics fortify long-term value creation.
Earnings Per Share Trends: Boosting Shareholder Returns
EPS serves as a barometer of shareholder wealth, and Anant Raj’s Q2 FY26 reading of ₹4.2 signals green across the board. This 14% YoY rise from ₹3.9 stems from profit growth outstripping a stable 328 million share count—no major dilutions here. Sequentially, the 14% jump from ₹3.67 underscores consistent delivery.
Trailing twelve-month EPS now stands at ₹15.50, supporting a forward P/E of 40x—premium yet justified by 25% earnings CAGR projections. Anant Raj enhances EPS through buybacks and dividends; the recent 36.5% payout yields 0.6%, with plans for hikes as free cash flow swells. For income-focused investors, this trend promises compounding returns, aligning with Anant Raj’s ethos of equitable growth.
Year-Over-Year and Sequential Growth: A Tale of Consistent Acceleration
Growth isn’t a sprint for Anant Raj—it’s a marathon with purposeful strides. YoY, Q2 FY26’s 23% revenue expansion crushes the sector’s 15% average, driven by 30% higher bookings in residential. Profit’s 32% leap reflects better mix—fewer low-margin legacy projects, more premium ones. Sequentially, 6.5% top-line growth may seem modest, but it beats Q1’s 9% amid monsoon delays, with profits accelerating 10% on cost efficiencies.
This dual momentum builds investor trust. Over five quarters, revenue compounded at 18%, profits at 22%, outpacing inflation and peers. Factors like NCR’s 12% YoY absorption rate amplify this. Anant Raj’s growth story resonates, turning quarterly wins into annual triumphs.
Share Price Performance: Navigating Volatility with Upside Potential
Anant Raj shares have danced to the tune of its fundamentals. Post-Q1 FY26 results, the stock rocketed from ₹500 to ₹750—a 50% surge—fueled by data center hype and sector rotation into realty. Q2’s solid numbers sparked a 5% pop on announcement day, but profit-taking pulled it to ₹620 by November 8, 2025, down 0.5% intraday.
Technicals show support at ₹600, resistance at ₹650. Volume spiked 20% post-earnings, indicating conviction buys. Compared to Nifty Realty’s 10% YTD gain, Anant Raj’s 24% return shines, though high beta (1.4) amplifies swings. Analyst consensus: Buy, with targets at ₹803, implying 30% upside. Risks like rate hikes loom, but Q2’s execution mutes them. For Anant Raj share price today trackers, this dip screams opportunity.
Indian Real Estate Sector Context: Anant Raj’s Competitive Edge
India’s real estate pulses with vitality, projected to hit $5-7 trillion by 2040, powered by urbanization and FDI inflows topping $10 billion annually. Q2 FY26 saw residential sales double to 1 million units nationwide, with office leasing at 70 MSF—NCR contributed 25%. Peers like Puravankara reported 28% revenue growth to ₹663 crore, while Godrej hit ₹8,505 crore bookings. Yet Signature Global’s ₹47 crore loss highlights volatility.
Anant Raj differentiates via diversification—data centers buffer residential cycles—and NCR focus, where 7.8% GDP growth in Q2 FY26 supercharges demand. Government boosters like PMAY and REIT incentives align perfectly, giving Anant Raj a sharper edge in this booming arena.
Future Growth Prospects: Data Centers and Beyond for 2026 and Later
Anant Raj’s horizon brims with promise. Management eyes ₹27.3 billion FY26 revenue, a 32% jump, anchored by 2 MSF launches. Data centers steal the spotlight: From ₹1,200 crore FY27 revenue to $1 billion by 2032, with 50 MW capacity online by 2026. Sites in Manesar and Panchkula will host AI-ready facilities, tapping India’s $10 billion digital infra market.
Residential pipelines include 1.5 MSF in Ashok Estate, targeting mid-luxury buyers with ESG compliance. Commercial ventures, like 0.80-acre hubs, eye 2027 completions. Risks? Regulatory delays or oversupply—but Anant Raj’s 300-acre bank and 19% margins provide buffers. Analysts forecast 26% stock upside in three months, with long-term targets at ₹1,600 by 2030. This blueprint cements Anant Raj’s trajectory as a multibagger contender.
Conclusion: Why Anant Raj Q2 FY26 Signals a Bullish Bet
Anant Raj’s Q2 FY26 results crystallize a narrative of triumph: surging revenues, ballooning profits, and expanding margins amid a thriving sector. At ₹620, the share price undervalues this momentum, offering savvy investors a gateway to India’s realty renaissance. As data centers and premium projects unfold, Anant Raj doesn’t just grow—it transforms. Track these trends, and position yourself for the upside. The numbers speak volumes; now, the market listens.
