Anant Raj posted a Q1 FY27 profit of ₹149 crore and turned net debt free, while approving a demerger of its data centre arm into Ashok Cloud and pushing ahead with new Gurugram launches.
If you only looked at Anant Raj's top-line growth for Q1 FY27, you'd miss most of what actually happened. Revenue from operations rose a modest 6.6% year-on-year to ₹631.40 crore, but consolidated net profit climbed 18.5% to ₹149.19 crore, and EBITDA jumped 26.2% to ₹202.74 crore. That gap is the real story: EBITDA margin expanded to roughly 31%, up nearly 450 basis points year-on-year, meaning the company is extracting meaningfully more profit from every rupee of sales than it was a year ago.
The more consequential milestone landed on the balance sheet. Anant Raj is now net debt free as of March 31, 2026, down from ₹1,626 crore of net debt in FY21. If you're trying to judge how much runway a developer has to keep building through a slower sales quarter without straining its finances, this is exactly the detail worth checking, a debt-free balance sheet gives management room to fund construction and new launches without leaning on fresh borrowing.
For anyone tracking NCR specifically, the company's real estate update stayed rooted in Sector 63A, Gurugram, on Golf Course Extension Road, where Anant Raj has built its flagship Anant Raj Estate township. The company said it now has 11.41 million sq ft of ongoing and planned residential projects in that micro-market alone, with plans to acquire adjacent land, a pipeline worth weighing against what else is currently on offer in Gurugram if you're comparing developers along the same corridor.
The near-term project, Group Housing 2, branded The Estate One, received a cluster of approvals this quarter, revised FAR, Green Building FAR, zoning plan, AAI clearance and building plan, and is now RERA cleared and ready for launch across 5.09 acres, offering roughly 0.90 million sq ft of saleable area across 352 units. A second project, Group Housing 3, is in advanced licensing stages on 6.38 acres nearby.
One number stands out if you're comparing pricing across Gurugram's premium stretches. The Estate Residences, the company's high-rise luxury project with 248 units, has achieved an average selling price of ₹18,000 per sq ft, and the company is following it up with Luxury Group Housing 2 and 3 projects carrying a combined revenue potential of over ₹5,000 crore.
Alongside residential sales, the company flagged a fully leased 1.92 million sq ft commercial portfolio and roughly ₹210 crore a year in incremental rental income expected from expanding two Delhi assets, Anant Raj Center 1 in Chattarpur and Center 2 on the Delhi-Gurugram highway, after securing approval to raise FSI on both from 0.15 to 1.75.
The quarter's biggest structural news was the board's approval of a scheme to demerge Anant Raj's data centre and cloud business into a newly listed entity, Ashok Cloud Private Limited. Shareholders will receive one Ashok Cloud share for every Anant Raj share held on the record date, once the scheme clears shareholder, creditor, exchange and NCLT approvals. The data centre arm reported ₹90 crore in revenue this quarter from 28 MW of operational IT load, targeting 63 MW by end of FY27 and 357 MW by FY32 across Manesar, Panchkula, Rai and a new Andhra Pradesh site. The logic: real estate and data centre infrastructure attract different investors, and separating them lets the market value each on its own terms.
Anant Raj isn't among the largest names in Gurugram's residential market, but this quarter's combination of margin expansion, a debt-free balance sheet and a live approvals pipeline in Sector 63A is worth filing alongside anything you're comparing against Hommea's current Gurugram listings, particularly if a developer's underlying financial discipline factors into how you weigh delivery risk on a project that's still years from possession.
