TARC Limited has informed the Exchange about General Updates
TARC · price
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TARC Limited reported audited financial results for Q4 and FY ended March 31, 2025, showing a sharp revenue decline. Standalone revenue fell to Rs 1,402.92 lakhs in FY25 from Rs 11,674.49 lakhs in FY24, an ~88% drop. Consolidated revenue dropped to Rs 9,427.90 lakhs from Rs 71,144.44 lakhs, a ~87% decline. The company swung to a consolidated net loss of Rs 23,128.44 lakhs in FY25 versus a loss of Rs 7,704.49 lakhs in FY24. Cost of sales included an inventory write-down of Rs 2,606.30 lakhs. The Debt/Equity ratio rose to 1.47 (consolidated) from 1.09, crossing the 1.0 threshold. The Board also re-appointed Kirtane & Pandit LLP as Internal Auditor and Bahadur Murao & Co. as Cost Auditor for FY 2025-26. Statutory auditors (Doogar & Associates) issued an unmodified opinion.
Sharp revenue collapse and deepening losses indicate significant business stress in TARC's real estate operations, which is likely to weigh on the stock. Rising leverage above 1x and an inventory write-down add to concerns, though positive operating cash flow in FY25 and an unmodified audit opinion offer some reassurance.