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TARC Ltd has delivered a clear turnaround, posting a consolidated net profit of INR 54.21 crore for the June quarter after experiencing a loss the same time last year. Total income jumped sharply to INR 295.36 crore, up from just INR 9.62 crore previously. This follows a challenging previous fiscal year, when the company ended deep in the red with a net loss exceeding INR 230 crore on modest income. Renewed momentum was driven by its real estate developments in Delhi and Gurugram, supported by strong housing demand and improved project execution.
TARC Ltd has returned to profitability in its latest quarter, reporting a consolidated net profit of INR 54.21 crore, a marked reversal from the loss it had posted in the same period last year. The turnaround was powered by a dramatic surge in revenue; total income climbed to INR 295.36 crore from a mere INR 9.62 crore a year earlier. Advertisement
In the preceding fiscal year, the company had reported a net loss of INR 231.28 crore on total income of INR 38.88 crore, underscoring the severity of its past struggles. The recent recovery ties closely to its ongoing high-end residential projects in Delhi and Gurugram, where housing demand has remained resilient.
Operational highlights add to the picture of renewed vigour: TARC generated robust cash inflows totaling INR 1,455.91 crore from project sales and land acquisitions. Its flagship project, TARC Tripundra, has reached a milestone by applying for the occupancy certificate ahead of schedule, with deliveries expected to begin within the year. The company also secured regulatory approval for a key land parcel in Delhi, signaling momentum on both execution and expansion.
Looking back to its previous fiscal performance, TARC recorded record annual sales of INR 3,722 crore, of which INR 1,235 crore came from the last quarter alone. Collections stood at INR 484 crore for the year, with INR 113 crore collected in the closing quarter.
The company also launched two major luxury residential offerings TARC Ishva in Gurugram and Phase II of TARC Kailasa in New Delhi with a pipeline GDV exceeding INR 7,700 crore. New land parcels were acquired for future launches.
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