TARC Reports FY2026 Results With Strong Operational Progress

02 Jun 2026 CW Team

Company reported consolidated total income for FY2026 of Rs 6,717.8 million (mn), up from Rs 1,388.9 mn in FY2025. It said Q4 revenue reached Rs 13,000.2 mn and EBITDA for the year rose to Rs 775.1 mn from a negative Rs 1,277.7 mn in the prior year. The company reported profit after tax of Rs 190.3 mn compared with a net loss of Rs 2,312.9 mn a year earlier.

Operationally, the commencement of customer handovers at TARC Tripundra marked a key milestone and revenue recognition began during the quarter, with project level gross margin of 45 per cent expected to flow through to consolidated financials. Tripundra has a total gross development value of about Rs 10.0 billion (bn). The report said TARC Kailasa showed strong customer engagement after the launch of premium inventory and the experience centre and sample residence became operational, with project GDV at around Rs 44.0 bn.

TARC Ishva expanded its footprint with the unveiling of Ishvara, the sixth and tallest tower, increasing project GDV to about Rs 36.0 bn. The company indicated that design finalisation continues across a sizeable pipeline of ultra-luxury developments in Delhi and Gurugram. Management highlighted sustained sales momentum, strong business cashflows and continued expansion of the luxury development pipeline as drivers of the recovery.

The managing director and chief executive officer noted that revenue recognition at Tripundra represents a strategic inflection point that strengthens profitability and visibility, and said the company will focus on disciplined execution, phased launches and expansion of its luxury and ultra-luxury portfolio. The release described the market backdrop as supportive because of constrained supply of high-quality developments, rising buyer preference for amenity-led community living and long-term economic growth in India. The company reiterated commitment to design-led development, prudent capital allocation and strategic expansion across Delhi and Gurugram.

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