TARC Ltd reported 330.9% YoY growth in income in Q2 FY22
Real Estate

TARC Ltd reported 330.9% YoY growth in income in Q2 FY22

The Anant Raj Corporation (TARC) Limited has witnessed a 330.9% year-on-year (YoY) and 490.2% (QoQ) growth in income in Q2 FY22. The company is in talks with other global funds for the sale of non-core assets.

Recently, it has successfully concluded its warehousing asset in New Delhi to Blackstone Inc (BREP) for Rs 295 crore.

The company reported revenue of Rs 16,102.10 lakh in the second quarter (Q2) of FY22. It has also reported a robust YoY growth of 652.8% in earnings before interest, depreciation, taxes and amortization (EBITDA) and a ten times increase in profit before tax.

CEO and Managing Director of TARC Limited, Amar Sarin, said that the company has large land banks in New Delhi and plans to develop and monetize them. Its recent sale will help in fast-tracking the residential projects for the development of higher yield and premium housing projects.

It has sold its inventory in its Maceo project. The company has witnessed an increase in demand for bigger homes due to the work-from-home culture.

TARC Limited is launching two projects, 200 units development in Rajokri, New Delhi and 500 units development in Extended Golf Course Road, Gurgaon in FY22.

It will use its proceedings to fast-track the residential projects. It further plans to be debt-free, and it is negotiating additional similar opportunities with BREP and other global funds.

Image Source

The Anant Raj Corporation (TARC) Limited has witnessed a 330.9% year-on-year (YoY) and 490.2% (QoQ) growth in income in Q2 FY22. The company is in talks with other global funds for the sale of non-core assets. Recently, it has successfully concluded its warehousing asset in New Delhi to Blackstone Inc (BREP) for Rs 295 crore. The company reported revenue of Rs 16,102.10 lakh in the second quarter (Q2) of FY22. It has also reported a robust YoY growth of 652.8% in earnings before interest, depreciation, taxes and amortization (EBITDA) and a ten times increase in profit before tax. CEO and Managing Director of TARC Limited, Amar Sarin, said that the company has large land banks in New Delhi and plans to develop and monetize them. Its recent sale will help in fast-tracking the residential projects for the development of higher yield and premium housing projects. It has sold its inventory in its Maceo project. The company has witnessed an increase in demand for bigger homes due to the work-from-home culture. TARC Limited is launching two projects, 200 units development in Rajokri, New Delhi and 500 units development in Extended Golf Course Road, Gurgaon in FY22. It will use its proceedings to fast-track the residential projects. It further plans to be debt-free, and it is negotiating additional similar opportunities with BREP and other global funds. Image Source

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement