TARC NSE filing

TARC Limited Reports Strong FY26 Results: Revenue ₹671.78 Cr, PAT ₹19.03 Cr, EBITDA Turns Positive

The RealCase readHigh impact Positive

TARC Limited reported FY2026 consolidated income of ₹671.78 crore, up from ₹38.89 crore in FY2025. PAT turned positive at ₹19.03 crore from a loss of ₹231.29 crore. EBITDA was ₹77.51 crore, a turnaround from negative ₹127.77 crore. Business cashflows reached ₹1,132 crore, with pre-sales at ₹1,373 crore.

Why it matters

The announcement details a significant financial turnaround, positive EBITDA, and PAT for the fiscal year, along with strong business highlights and a clear future outlook. This is material information for investors.

The market read

The company has shown significant financial improvement with positive EBITDA, a turnaround from net loss to net profit, and substantial growth in revenue and cash flows. The MD & CEO's commentary also reflects a positive outlook and strategic focus.

TARC Limited has announced its financial results for the fiscal year 2026, marking a significant turnaround. The company reported a consolidated total income of ₹671.78 crore for FY2026, a substantial increase from ₹38.89 crore in FY2025. The fourth quarter of FY2026 (Q4FY2026) saw income reach ₹300.02 crore, a sharp year-on-year growth from ₹13.89 crore in Q4FY2025 and robust sequential growth from ₹42.30 crore in Q3FY2026.

EBITDA turned positive at ₹77.51 crore in FY2026, a marked improvement from a negative EBITDA of ₹127.77 crore in FY2025, representing a turnaround of over ₹205 crore. Profit After Tax (PAT) for FY2026 stood at ₹19.03 crore, compared to a net loss of ₹231.29 crore in FY2025.

The company also highlighted strong business performance, recording highest-ever business cashflows of ₹1,132 crore in FY2026, more than double the previous financial year. Pre-sales bookings amounted to ₹1,373 crore. Key operational milestones include the commencement of customer handovers at TARC Tripundra, reinforcing delivery capability and revenue recognition. The company also introduced premium tower inventory at TARC Kailasa and launched ‘Ishvara’ at TARC Ishva, expanding its development footprint and enhancing Gross Development Value (GDV) potential.

Amar Sarin, Managing Director & CEO, commented, “The commencement of revenue recognition at TARC Tripundra during Q4 FY2026 marks a key inflection point, strengthening profitability and financial performance visibility. FY2026 Consolidated revenue stood at ₹671.78 crore, with PAT of ₹19.03 crore and healthy project level embedded gross margin of ~45% at Tripundra is testament of our strategy of leveraging historical land bank, luxury positioning and value-accretive development approach. Looking ahead, we remain focused on disciplined execution, phased launches and expansion of our luxury and ultra-luxury pipeline.”

The company projects to generate approximately ₹10,000 crore of cashflows over the next five years and targets to become Net Debt Zero. TARC Limited continues to focus on its luxury and ultra-luxury segment, with a significant pipeline of projects in New Delhi and Gurugram.

Filing to action

What to do with a filing like this

TARC Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.

See the model portfolios
Primary source

A plain-language summary of a public exchange filing by TARC Limited. Read the original for the full detail.

View original filing