TARC Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
TARC · price
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TARC Limited, a Delhi-based real estate developer, reported Q1 FY26 consolidated revenue from operations of Rs 7,589.48 lakhs, sharply higher than Rs 821.48 lakhs a year ago, helped by Rs 6,984.33 lakhs of enhanced compensation received by subsidiary TARC Projects Limited for earlier land acquisition. Consolidated other income surged to Rs 27,947.73 lakhs (vs Rs 141.11 lakhs), driven mainly by Rs 27,710.19 lakhs of interest income in TARC Projects, pushing total income to Rs 29,536.67 lakhs. Consolidated profit after tax swung to Rs 5,421.41 lakhs from a loss of Rs 3,067.71 lakhs in Q1 FY25, though other expenses include one-time impairment and write-offs of Rs 17,329.32 lakhs. On a standalone basis, the picture is weaker: revenue fell to Rs 715.14 lakhs from Rs 2,647.47 lakhs and standalone PAT was a loss of Rs 13,743.52 lakhs, weighed down by Rs 11,426.55 lakhs of impairment/write-offs. The Board also re-appointed MD & CEO Amar Sarin and Independent Director Miyar Ramanath Nayak, redesignated Muskaan Sarin as Whole Time Director, appointed a new secretarial auditor, and called the 9th AGM for September 25, 2025.
Headline consolidated profit is flattered by one-time compensation and interest income from a subsidiary tied to a past land deal rather than core business momentum; standalone losses and large impairments signal underlying stress in the parent. Stock may react negatively once investors strip out the non-recurring items, though debt activity (Rs 83,500 lakhs of fresh debentures issued to refinance existing NCDs) shows continued liquidity management.