Anant Raj Ltd (₹466.65): Beyond Real Estate — The Land Bank, the 357 MW Data Centre Plan and the Demerger That Could Reprice the Stock
SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Realty & Digital Infrastructure Anant Raj Ltd (₹466.65): Beyond Real Estate — The Land Bank, the 357 MW Data Centre Plan and the Demerger That Could Reprice the Stock Data centre revenue has jumped to ₹205.41 crore in H1FY27 from ₹58.42 crore a year ago, the balance sheet is net debt-free, and a 1:1 demerger of Ashok Cloud is in motion. Here is the full SumanSpeaks reading of the company, the stock and the sector. 1 The Quick Read Anant Raj Ltd (₹466.65) is no longer just a Delhi-NCR property developer. It is a debt-free real estate business that is funding the growth of a second, much faster business: data centres and cloud services. The latest numbers make the point. Data centre revenue rose to ₹205.41 crore in H1FY27 from ₹58.42 crore in H1FY26, a jump of about 252%. In Q2FY27 alone it was ₹115.41 crore, roughly 17.4% of consolidated revenue. Interestingly, this is only the early part of the p...