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Stock Report
TARC Limited reports Strong Presales of Rs. 1,012 Crore with ~ 900% YoY Growth in Q2 FY2025
Posted On : 2024-10-04 22:49:59( TIMEZONE : IST )
TARC Limited announces its exceptional operational performance for Q2 FY2025 with strong presales of Rs. 1,012 Crore registering ~900% year-on-year growth, highlighting its growth trajectory and market strength.
TARC Limited has reported total presales of Rs. 1,322 crore in the H1, FY2025, representing an extraordinary year-on-year growth of ~600%. This significant achievement is a testament to the Company's robust performance and strategic positioning in the luxury real estate market.
Key Highlights for Q2 FY2O25
The company announced the successful launch of TARC lshva, a luxury development situated on the extended Golf Course Road in Sector 634, Gurugram. This project reflects our commitment to delivering elegant Iiving spaces and reinforces our position as a leader in luxury real estate.
In alignment with our commitment to financial prudence, TARC Limited successfully refinanced Rs. 1,000 crore of debt at an attractive interest rate of 12.75% underpinned by strength of our business and brand. This refinancing enhances financial strength, allowing for continued investment in key projects.
With a strong presales performance, successful management of our financial obligations and the launch of new projects, TARC Limited is well-equipped to navigate the evolving market landscape. Our focus remains on delivering high-quality developments that meet the needs of our customers while maximizing value for our stakeholders. We are also focused on expanding our portfolio in high-demand areas of Delhi and Gurugram and are gearing up for exciting new launches going ahead.
Amar Sarin, MD & CEO of TARC Limited, expressed enthusiasm about the company's performance, highlighting the positive response to TARC lshva which was launched recently. TARC has been accepted as a strong luxury residential brand. This has been demonstrated by our presales and feedback for our developments: Tripundra, Kailasa, and lshva. We also thank Bain Capital for their support and welcome future collaborations with our new financial partners.
