NEW DELHI, May 30: Realty firm TARC Ltd has posted a consolidated net profit of Rs 1.61 crore for the quarter ended March due to better income.
The company had posted a net loss of Rs 104.56 crore in the year-ago period.
Its total income jumped to Rs 300.01 crore during the fourth quarter of the last fiscal from Rs 13.89 crore in the corresponding period of the preceding year, according to a regulatory filing on Friday.
In 2025-26, the company posted a profit of Rs 19.03 crore against a net loss of Rs 231.28 crore in the preceding fiscal year.
The total income grew to Rs 671.78 crore last fiscal from Rs 38.88 crore in the 2024-25 financial year.
Amar Sarin, Managing Director & CEO of TARC Ltd, said: “The commencement of revenue recognition at TARC Tripundra (housing project) during Q4 FY25 marks a key inflection point, strengthening profitability and financial performance visibility”.
Looking ahead, he said the company would focus on disciplined execution, phased launches and expansion of its luxury and ultra-luxury pipeline.
TARC Ltd has a huge land bank in the Delhi-NCR property market, and it would gradually launch projects to monetise the value.
Delhi-based TARC Ltd had in 2024 launched a super luxury residential project ‘TARC Kailasa’, spread over 6 acres of land in Kirti Nagar in the national capital. It is expecting a total revenue of around Rs 4,500 crore from this ongoing project. (PTI)
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