Concall Highlights Q42024:
Debt.: December 2024 will be net debt free company. Now net debt is 290cr. Cost of borrowing is less then 10%. QIP of 500cr will be used to retire debt and general corporate purpose.
Company can use Lease Rental Discounting (LRD) if required for future data centre projects. Data centres can also be used for LRD.
Real estate:* projects were successful and get better price then projected. Tail wind in sector due to RERA and other reform. Continue to focus on sector 63A.
Company will launch two more projects, land is available. 2.5 million sq. foot.
After those project, 6.57 million sq. foot will be balance. Delhi land parcel and other miscellaneous land parcel company not touching.
Data centre: Become major player in data centre in North India. Agreement with TCIL to provide cloud services with co-location. 21 MW will be operational by December 2024. 7 MW extra will be operational at punchkula site, with server.
With server revenue can go 5 times, rates are at same level in market or little cheaper. Pilot is 1/2 MW. Server cos is 30 cr. for 1/2 MW for client. If company spend 20 rs extra. company can get 120 rs in year. Opex from 15 lacs can go to 25 to 30 lacs.
Land and building is invested. 26 cr per MW. 90 lacs/MW/Month. 75 Lacs/MW/Month is EBIDTA. Pay back is 3 years.
Anant Raj have advantage to competitors for data centre is timeline. Others will require 3 to 4 years to reach where Anant Raj is currently.
300 MW have timeline of 4 years. EBIDTA may change as it is linked to inflation, up or down. When competitor kick in it will change. Anant Raj have edge due to land/building.
Indian data will be in India as per law. Demand will be going to higher phenomenally.
Contract for data centre is 10 to 15 years. 500 CAPEX for data centre for this year. Company will be using internal accruals.
Maintenance CAPEX will be after 10 years for battery.
**Investor Presentation:
https://www.bseindia.com/xml-data/corpfiling/AttachHis/e5e45961-b63c-4120-a5bc-2366e641e73e.pdf
Earning Call transcript:
https://www.bseindia.com/xml-data/corpfiling/AttachHis/e5e45961-b63c-4120-a5bc-2366e641e73e.pdf
Disclosure: Invested
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