TARC Limited has informed the Exchange about re-appointment of Internal Auditor and Cost Auditor.
TARC · price
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TARC Limited reported audited financial results for FY2026 ended March 31, 2026. Consolidated revenue from operations declined significantly to Rs 34,194.34 lakhs from Rs 70,643.36 lakhs in FY2025, representing roughly a 52% drop. Despite the revenue decline, the company turned profitable at Rs 161.08 lakhs (PAT) compared to a loss of Rs 23,128.85 lakhs in the previous year. Standalone revenue also fell sharply from Rs 9,427.90 lakhs to Rs 3,568.86 lakhs. The statutory auditor issued an unmodified (clean) opinion on both standalone and consolidated results. The Board re-appointed M/s Kirtane & Pandit LLP as Internal Auditor and M/s Bahadur Murao & Co. as Cost Auditor for FY2026-27.
The significant revenue decline raises concerns about business volume, though the company managed to return to profitability by controlling costs. The clean audit opinion provides assurance on financial reporting quality. The sharp revenue contraction in the real estate sector may continue to pressure the stock.