TARC Reports Q2 Net Loss of Rs.67.36 Crore

12 Nov 2024 CW Team

Real estate developer TARC Ltd. reported a consolidated net loss of Rs.67.36 crore for the second quarter of the fiscal year 2024-25, reflecting challenges in the sector. This loss is in contrast to the company’s operational goals and highlights the impact of market fluctuations and rising input costs affecting profitability. TARC's total income during the quarter was Rs.35.66 crore, down from the previous year's comparable figures, which underscores a slowdown in revenue-generating activities for the period.

The decline is attributed to several factors, including escalating construction costs, higher interest rates, and subdued demand in certain segments of the real estate market. TARC's management expressed a commitment to overcoming these financial setbacks by focusing on operational efficiency, asset optimization, and exploring alternative financing strategies to stabilize the company’s financial performance.

The broader real estate sector is also facing headwinds, with many companies grappling with the rising cost of materials and labor. Industry experts note that TARC’s financial performance mirrors trends seen across the sector, where companies are adjusting to maintain stability in an environment of heightened costs and economic uncertainties.

Moving forward, TARC aims to navigate these challenges by focusing on cost control, improving project timelines, and enhancing sales in residential and commercial properties. The company also plans to leverage strategic partnerships to support ongoing projects and expand its portfolio in prime locations. However, sustained improvement may depend on market conditions, interest rate adjustments, and regulatory developments in the real estate sector.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..