Anant Raj Q2 FY27 Results & Earnings Intelligence
ANANTRAJStructural risk assessment following Q2-FY27 | 30 Sep 26 earnings.
₹661.5 Cr
+4.8% QoQ
₹187.8 Cr
+14.2% YoY•+1.3% QoQ
₹156.5 Cr
+13.3% YoY•+4.9% QoQ
12/ 100
−7 pts QoQ
The Quarter at a Glance
Consolidated Financials| Metric | Q2-FY27 | 30 Sep 26 | Q2-FY26 | 30 Sep 25 | YoY Δ | Q1-FY27 | 30 Jun 26 | QoQ Δ |
|---|---|---|---|---|---|
| Revenue from Operations | ₹661.5 Cr | N/A | N/A | ₹631.4 Cr | +4.8% |
| Revenue (Total Income) | ₹679.0 Cr | ₹640.9 Cr | +5.9% | ₹650.8 Cr | +4.3% |
| Operating Profit (EBITDA) | ₹187.8 Cr | ₹164.4 Cr | +14.2% | ₹185.3 Cr | +1.3% |
| Profit Before Tax (PBT) | ₹187.8 Cr | ₹164.4 Cr | +14.2% | ₹185.3 Cr | +1.3% |
| EBIT Margin | 27.66% | 25.66% | +200 bps | 28.48% | -82 bps |
| Net Profit (PAT) | ₹156.5 Cr | ₹138.2 Cr | +13.3% | ₹149.2 Cr | +4.9% |
| Interest Expense | ₹1.1 Cr | ₹2.9 Cr | -62.0% | ₹1.2 Cr | -9.2% |
| Operating Cash Flow | ₹31.8 Cr | ₹194.4 Cr | -83.6% | N/A | N/A |
| Basic EPS (₹/share) | ₹4.36 | N/A | N/A | ₹4.16 | +4.8% |
Sources:Official BSE/NSE Disclosures & Financial Filings
Core operating EBITDA margin of 27.7% reflects operating leverage, gross spread absorption, and input cost discipline against revenue.
Sentinel Executive Summary
Core Earnings Synthesis"Anant Raj Limited currently sits within Flagium's Stable category. However, recent periods have remained stable with minor operational friction. Despite positive top and bottom-line growth, triggers like 'Universal Inventory Divergence' indicate underlying structural risk. Current deterioration appears cyclical rather than existential."
Anant Raj Limited posted steady top-line growth and bottom-line stability, demonstrating resilient execution in its core markets. While the underlying business remains fundamentally sound, the presence of 1 active risk warnings highlights minor operational or working capital inefficiencies to keep on the watch list.
🟢 Key Operational & Structural Positives
- ✓Revenue Growth: Quarterly revenue moved +5.9% YoY and +4.3% QoQ, reflecting demand and volume trends.
- ✓Net Profit Expansion: Profit after tax moved +13.3% YoY and +4.9% QoQ, settling at ₹156.5 Cr.
- ✓Core Operating Revenue Growth: Revenue from operations (core business, ex-other income) moved +4.8% QoQ, reaching ₹661.5 Cr.
⚠️ Key Areas of Watch & Margin Pressures
- ⚠Resolution of 'Universal Inventory Divergence': ANANTRAJ: Inventory growth outpaced Revenue growth by +42.0 pp (Inventory holding ratio increased +41.8%).
- ⚠Deal pipeline conversion: Track large TCV deal conversions and discretionary client spend recovery.
- ⚠Operating margin defense: Monitor offshore employee utilization and wage hike absorption.
Flagium Risk Signals
Automated Forensic SignalsStabilization in key metrics • Persistent watch: Universal Inventory Divergence
ANANTRAJ: Inventory growth outpaced Revenue growth by +42.0 pp (Inventory holding ratio increased +41.8%).
🎙️ Anant Raj (ANANTRAJ) Q2 FY27 Concall Intelligence
Management Commentary, Concall Takeaways & Key Discussion Themes
No earnings call transcript was available
for this reporting period.
What to do next
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Flagium AI is an automated financial data analytics platform. Analysis reports are compiled programmatically from public regulatory XBRL submissions (NSE/BSE) for educational and research purposes only. Flagium AI is not registered with SEBI as a Research Analyst or Investment Adviser under SEBI regulations. This evaluation does not constitute investment advice, financial planning, or recommendations to buy, sell, or hold any security.
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