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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..