TARC Limited has informed the Exchange regarding Change in Director(s) of the company.
TARC · price
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TARC Limited's Board approved unaudited consolidated results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations jumped sharply to Rs 7,589.48 lakhs from Rs 821.48 lakhs in the same quarter last year, largely driven by Rs 6,984.33 lakhs of enhanced compensation received by subsidiary TARC Projects Limited for earlier land acquisition, plus Rs 21,710.19 lakhs of related interest booked as other income. Consolidated profit after tax swung to Rs 5,421.41 lakhs from a loss of Rs 3,067.71 lakhs, helped by Rs 3,519.17 lakhs of exceptional items, but weighed down by Rs 17,329.32 lakhs of impairment/write-offs. On a standalone basis, the company posted a loss of Rs 13,743.52 lakhs. Statutory auditor Doogar & Associates issued an unmodified limited review report. The Board also approved re-appointments of Independent Director Miyar Ramanath Nayak and MD & CEO Amar Sarin, redesignated Muskaan Sarin as Whole Time Director, and appointed M/s Mritunjay Shekhar & Associates as Secretarial Auditor for five years. The 9th AGM is scheduled for September 25, 2025.
Headline profitability turnaround is largely driven by a one-time compensation event in a subsidiary rather than core operating performance; standalone losses and large impairment charges signal ongoing real estate stress. Investors should look past the consolidated profit jump and assess underlying business momentum and debt levels (Debt-Equity of 1.80x consolidated) before drawing conclusions.