Anant Raj Limited

Q2 FY 2025 CONCALL HIGHLIGHTS :

Fundraising and Growth Plans:

• Anant raj is planning to raise ₹2,100 crores, with ₹100 crores from promoters and ₹2,000 crores from the market.

• The funds will primarily be used to expand their data center business, specifically for cloud services, as it’s a very capital intensive venture costing about ₹100 cr/MW.

• The company plans to expand its data center capacity to 63 megawatts by the next year, with 14 megawatts dedicated to cloud services.

Cloud Services:

• Anant raj has launched “Ashok Cloud,” offering Infrastructure as a Service (IaaS).

• They plan to expand to PaaS (Platform as a Service) and SaaS (Software as a Service) in the future.

• The current cloud infrastructure has a capacity of 0.5 megawatts and is expected to reach at least 4 megawatts by the end of the FY ’25.

• The company has partnered with Orange, a French company, for technical support.

Data Center Revenue and Capacity:

• Anant raj’s existing 28 megawatt data center capacity is fully booked.

• The data center revenue in the last quarter was ₹8 crores, with an 82% margin.

• Anant raj expects cloud services to generate revenue of ₹150 crores per megawatt per year.

• The company aims to provide more detailed revenue breakdowns for real estate and data centers in future investor presentations.

Real Estate Updates:

• Anant raj has acquired 20 acres of land in Gurugram for ₹20 crores per acre.

• This land will be used primarily for group housing projects, with a potential development of 3 million square feet.

• The launch of their group housing project, Estate Residency, is expected in January.

• The company plans to increase its rental income from commercial properties to ₹75 crores annually in the next two years.

Other Important Highlights:

• The company is on track to become net debt-free by December 2024.

• A news article reporting a court order halting 12 Anant raj projects was clarified as inaccurate. The issue involved only 1,000 square yards of land and no licenses were canceled.