Financial Highlights (Consolidated Basis)
- Total Income for Q1 FY2027: ₹218.71 crore
- EBITDA for Q1 FY2027: ₹41.76 crore, showing significant improvement from ₹1.05 crore in Q4 FY2026
- Profit After Tax for Q1 FY2027: ₹22.64 crore, representing strong quarter-on-quarter recovery from ₹1.61 crore in Q4 FY2026
- FY2026 Consolidated Revenue: ₹218.7 crore (as referenced in management commentary)
Operational Highlights
- Quarterly Presales: ₹602 crore, registering 3x year-on-year growth
- Collections: ₹305 crore, up 80% year-on-year
- Strong customer conversions and collection efficiency resulted in robust cash flow visibility
- New inventory at TARC Kailasa and launch of Ishvara at TARC Ishva received strong customer response
- Construction progress continues across ongoing developments with key milestones achieved
- Design and planning advancing for next generation of luxury and ultra-luxury developments
Management Commentary
Mr. Amar Sarin, Managing Director & CEO, commented on the performance:
- Revenue recognition from TARC Tripundra coupled with strong cashflows strengthened the company's earnings profile
- The luxury housing segment is evolving with discerning buyers seeking residences combining architectural distinction, thoughtful design, and differentiated lifestyle experience
- Company has collaborated with internationally acclaimed partners to bring globally benchmarked design and architecture to Delhi
- Focus remains on advancing pipeline of upcoming ultra-luxury developments to set new benchmarks in luxury residential living
Corporate Governance Update
- Appointed Singhi & Co. (among India's Top 10 audit firms) as the Company's Statutory Auditor
- Appointment aims to strengthen corporate governance and enhance robustness of financial reporting processes
- Reinforces focus on transparency, financial discipline, and adherence to highest standards of governance
Business Overview
TARC Limited (NSE: TARC, BSE: 543249) is a New Delhi-based luxury residential real estate developer focused on developments in New Delhi and Gurugram. The company positions itself in the luxury and ultra-luxury segment with prime land parcels and strategic financial collaborations.
Forward-Looking Statements Disclosure
The document contains forward-looking statements subject to risks and uncertainties including earnings fluctuations, growth management, competition, economic growth in India, talent retention, time and cost overruns, government policies, and fiscal policies. The company does not undertake to update these statements if they become incorrect.