TARC Reports Rs 11.65 Billion Pre-Sale in Q3 FY25

07 Jan 2025 CW Team

TARC reported pre-sales of Rs 11.65 billion during Q3FY25, bringing its total pre-sales for the first nine months of FY2025 to Rs 24.87 billion, a nearly six-fold year-on-year increase.

Customer collections in Q3 FY2025 amounted to Rs 1.81 billion, with total collections for the first three quarters of FY2025 reaching Rs 3.71 billion.

The company attributes this growth to rising demand in the luxury real estate sector and the successful execution of its business strategies.

The company's project, TARC Ishva, has achieved approximately Rs 15 billion in presales to date.

Additionally, TARC has acquired an additional land parcel in Gurugram, further strengthening its portfolio and boosting its potential Gross Development Value.

Amar Sarin, Managing Director and CEO of TARC, expressed pride in consistently achieving four-figure presales numbers, noting that this demonstrates the success of the company's strategy to focus on world-class luxury developments and timely delivery. He highlighted that every challenge faced only strengthened the company’s resilience, positioning it for continued growth and success.

Sarin also mentioned the recent announcement by Union Minister for Road Transport and Highways, Nitin Gadkari, regarding four strategic highway projects in Delhi. These projects, which are expected to significantly enhance the city’s connectivity, are likely to unlock substantial opportunities for the company’s land parcels in Delhi, further supporting growth.

The luxury real estate markets in Delhi and Gurugram are seen as poised for high growth, driven by strong demand, strategic infrastructure developments, and the cities' status as hubs for high-net-worth individuals. With India’s economy continuing its positive trajectory, the luxury real estate sector is expected to benefit from the rising affluent population. The demand for luxury residences is anticipated to grow alongside the evolving urban landscapes of these cities.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..