Realty company TARC announced Q1FY26 results Total income of Rs 295.37 crore, up sharply from Rs 9.63 crore in the Q1FY25. Net profit of Rs 54.09 crore as compared to a loss of Rs 30.53 crore in Q1FY25. Amar Sarin, Managing Director & CEO, TARC, said: "This year starts on a strong foundation built over the previous financial year. With TARC Tripundra scheduled for delivery, the Company will be recognising revenues and profits. The first quarter delivered improved profitability, supported by strong cash inflows. The Company is well-positioned to accelerate its launch pipeline and build on the current momentum in the luxury residential market, guided by a customer-first mindset, prudent capital allocation and a commitment to enduring value creation for our shareholders." Result PDF
Realty company TARC announced Q3FY25 results Sales of Rs 1,165 crore in Q3FY25, reflecting increasing demand for luxury residences. Collections of Rs 181 crore in Q3FY25, reinforcing robust cash flow management. Amar Sarin, MD & CEO, TARC, said: "TARC's pefformance in Q3FY25 further cements our position as a frontrunner in the luxury residential segment. With over Rs 2,487 crore in sa/es over the first nine months, our strong execution capabilities and customer trust are driving significant grovvth. Ihe success of our current projects reaffirms our vision & the company is actively working towards the next set of projects for the new financial year, which are currently in the design stage, as we continue to expand our portfolio and bring about new landmark developments." Result PDF
Realty company TARC announced Q2FY25 results Presales of Rs 1,012 crore registering -900% YoY growth for Q2FY25. Launched TARC lshva - 1.35 million square feet development in Sector 63A, Gurugram - Total estimated GDV of Rs 2,700 crore. Debt refinancing of Rs 1,000 crore at much lower borrowing cost of 12.75% from upwards of 18%. Amar Sorin, MD & CEO, TARC, said: 'TARC has officially launched its announced pipeline across its three projects, boosting a gross development value of Rs 7,500-8,000 crore. The response from customers has been exceptional, reinforcing its reputation as a leading ultra luxury residential developer in the National Capital Region. While we continue with the sale of our current projects, we are also simultoneously preparing to unveil our next series of luxury residential developments in Delhi and Gurugram in the near future." The lndian real estate market is witnessing a boom fuelled by strong demand and infrastructure developments and with a double dlgit rise in prices as compared with the previous year is poised for continued growth, driven by combination of economic recovery, urbanization and favourable government policies. As wealth accumulation continues, the luxury residential segment remains resilient, with a promising outlook for sustained growth in the coming years. Result PDF
Realty company TARC announced Q1FY25 results: Presale of Rs 310 crore and collection of Rs 1,109 crore for Q1FY25. TARC Kailasa - 1.7 million sq ft of development in Central West Delhi - total estimated GDV of Rs 4,000 crore - Phase ll has been Iaunched TARC 53A, Gurugram - Ready for launch - estimated GDV of Rs 2,600 crore. Total GDV of around Rs 7,500-8,000 crore across 3 projects. Amar Sorin, MQ & CEO, TARC said, "We have received exemplory response on our launches till dote and imprinted our position in the luxury reol estote morket. We ore coming with our next lounch in Gurugrom and look forword to deliver on even better product, curoted for our tosteful customers. We ore focussed on giving holistic experience to our customers ond our efforts reflect in the experience centre ond somple oportment built ot oll our project sites. The lndion real estate morket is ot this inflection point todoy, ond we ore setting new benchmarks ond trends for the future. An exomple of it con be seen ot TARC Koiloso, which sow Koilaso 1.0 being sold out." Result PDF
Realty company TARC announced Q4FY24 & FY24 results: Achieves lifetime high presale of Rs 1,612 crore and collection of Rs 415 crore for FY24. TARC Kailasa - our biggest development to date - launched in Jan'24 - 1.7 mn sq ft of development in Central West Delhi - Phase 1 sold out - total estimated GDV of Rs 4,000 crore. TARC Tripundra - our project in South Delhi near Pushpanjali farms - sees 75% price appreciation since launch. TARC 63A, Gurugram - Ready for launch - estimated GDV of Rs 2,600 crore. Total GDV of 37,500 - 8,000 crore across 3 projects. Generated Positive Net Cash flow from Operations of Rs 158.2 crore in FY24. Result PDF