Anant Raj shares surge 2% as firm signs agreements with CDSIL; here are the details

The stock lost 2.06% on BSE to close at ₹508.30 apiece. During the intraday trade, shares of the company stood at ₹525.7 apiece on BSE, rising 1.29% on BSE.

Anant Raj Cloud (ARC), a full subsidiary of Anant Raj and CSC Data Services India (CDSIL) executed an agreement to jointly offer and promote the Rack Rental Business (co-location data centre) and cloud services, to the different government departments and private organisations.

“The scope of this strategic agreement is to establish the general technical and business relationship between the parties for sovereign Data Centre & Cloud Services. ARC shall help and support CDSIL on technical, technology, and marketing matters. ARC shall also help in implementing Data Centre Services or Disaster Recovery Services,” Anant Raj had said in an exchange filing on February 17.

The real estate developer had reported a 53.58% jump in its consolidated net profit to ₹110.32 crore in the December quarter of FY25 from ₹71.83 crore in Q3 FY24.

Its revenue from operations increased 36.29% to ₹534.64 crore in the third quarter of FY25, compared with ₹392.27 crore posted in the corresponding quarter last year.

Profit before tax in Q3FY25 stood at ₹131.75 crore, rising 52.66% from ₹86.30 crore in Q3FY24.

Total expenses rose 30.97% to ₹412.22 crore in Q3FY25 over Q3 FY24. During the quarter, the cost of sales stood at ₹378.26 crore (up 31.24% year-on-year), while employee benefits expense was at ₹5.27 crore (up 18.69% year-on-year).

Anant Raj is a diversified real estate company focused on developing IT parks, hospitality projects, data centres, office complexes, shopping malls, and residential projects in India. The company has a strong presence in Delhi, Haryana, Andhra Pradesh, Rajasthan, and other parts of the NCR region.