India's Anant Raj slips despite rise in Q4 profit

Anant Raj

12/05/2026 07:15

** Shares of India's Anant Raj ANRA.NS down 2.56% to 524.55 rupees

** Real estate co posted a profit of 1.47 billion rupees($15.39 million)in Q4, up 24% Y/Y

** Revenue from ops rose 20% in Q4 to 6.47 billion rupees Y/Y

** Co to evaluate the demerger of its residential business and data center business

** Nomura says revenue and profit growth were largely driven by revenue recognition from real estate projects

** Brokerage maintains "buy" rating with target price of 700 rupees

** YTD, stock down ~2%

($1 = 95.5325 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))