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• Delhi-based TARC Ltd reported a consolidated net profit of INR 1.61 crore for the quarter ended March 2026, compared with a net loss of INR 104.56 crore in the corresponding period a year earlier.
• The company's total income surged to INR 300.01 crore during the fourth quarter, supported by revenue recognition from its TARC Tripundra housing project.
• For the full financial year 2025-26, TARC posted a net profit of INR 19.03 crore against a loss of INR 231.28 crore in the previous fiscal.
• Annual total income increased sharply to INR 671.78 crore from INR 38.88 crore in FY2024-25, reflecting improved project execution and sales monetisation.
• The developer plans to continue phased launches and expand its luxury and ultra-luxury residential portfolio across its land holdings in Delhi-NCR.
TARC Ltd has reported a consolidated net profit of INR 1.61 crore for the quarter ended March 2026, reversing a net loss of INR 104.56 crore recorded during the corresponding period last year, driven by a significant increase in income following revenue recognition from one of its residential projects. Advertisement
According to a regulatory filing made in the past week, the Delhi-based real estate developer's total income rose to INR 300.01 crore during the fourth quarter of FY2025-26, compared with INR 13.89 crore in the year-ago period. The improvement in earnings contributed to a return to profitability at both quarterly and annual levels.
For the full financial year 2025-26, TARC posted a consolidated net profit of INR 19.03 crore, against a net loss of INR 231.28 crore reported in FY2024-25. Total income for the year increased substantially to INR 671.78 crore from INR 38.88 crore in the previous fiscal year.
Commenting on the performance, Managing Director and Chief Executive Officer Amar Sarin stated that the commencement of revenue recognition at the company's TARC Tripundra housing project during the fourth quarter represented an important milestone for the business. He indicated that the development had strengthened profitability and improved visibility on the company's financial performance.
The company attributed the sharp rise in income largely to progress in project execution and the accounting recognition of revenues from completed construction milestones. The start of revenue recognition at TARC Tripundra marks a key stage in the project's lifecycle, allowing the company to begin reflecting sales revenues in its financial statements.
Looking ahead, Sarin said the company would continue to focus on disciplined project execution, phased launches and the expansion of its luxury and ultra-luxury residential development pipeline. The strategy aligns with TARC's broader plans to monetise its sizeable land holdings across the Delhi-NCR region through calibrated project launches.
TARC has been increasing its presence in the premium and luxury housing segment of the National Capital Region. In 2024, the company launched TARC Kailasa, a super-luxury residential development spread across six acres in Kirti Nagar, New Delhi. The project is expected to generate approximately INR 4,500 crore in revenue over its development cycle.
With multiple projects under development and a substantial land bank in Delhi-NCR, the company is pursuing a phased approach to project launches while seeking to unlock value from its existing portfolio and strengthen its financial position through sustained revenue generation.
Source - PTI
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