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

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?