TARC Q1 FY27 results approved; new auditor, subsidiary acquisition and board changes
TARC · price
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TARC board approved Q1 FY27 consolidated results. Revenue from operations jumped to Rs 21,712.59 Lakhs from Rs 158.46 Lakhs YoY, but PAT fell to Rs 161.07 Lakhs from Rs 2,197.71 Lakhs, hit by exceptional items loss of Rs 3,798.96 Lakhs. New statutory auditor M/s Singhi and Co appointed for 5 years, replacing Doogar and Associates. Board approved acquiring remaining 50 percent stake in Niblic Greens Hospitality for Rs 55 Lakhs, making it a wholly owned subsidiary. Re-appointments of Amar Sarin as MD-CEO and Muskaan Sarin as WTD also cleared.
Mixed Q1 - revenue surged sharply but PAT declined due to exceptional loss. Corporate housekeeping with new auditor and subsidiary acquisition.