TARC Posts Significant Revenue Growth in Q4, Net Profit at Rs 1.6 Crore

TARC Ltd Sees Significant Improvement in Financial Performance

Realty firm TARC Ltd has posted a consolidated net profit of Rs 1.61 crore for the quarter ended March, marking a significant improvement in its financial performance. This is a stark contrast to the net loss of Rs 104.56 crore it reported in the year-ago period.

The company's total income jumped to Rs 300.01 crore during the fourth quarter of the last fiscal, a substantial increase from the Rs 13.89 crore it recorded in the corresponding period of the preceding year. This growth in income was reflected in the company's overall financial performance, with its total income growing to Rs 671.78 crore last fiscal from Rs 38.88 crore in the 2024-25 financial year.

TARC Ltd's turnaround in financial performance can be attributed to the commencement of revenue recognition at its Tripundra (housing project) during the fourth quarter of the last fiscal. This development has strengthened the company's profitability and financial performance visibility. The company's Managing Director & CEO, Amar Sarin, has outlined the company's focus on disciplined execution, phased launches, and expansion of its luxury and ultra-luxury pipeline for the future.

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TARC Ltd has a significant land bank in the Delhi-NCR property market, which it plans to gradually launch projects to monetise the value. The company had launched a super luxury residential project 'TARC Kailasa' in 2024, spread over 6 acres of land in Kirti Nagar in the national capital. The project is expected to generate a total revenue of around Rs 4,500 crore.