Luxury developer TARC Limited (NSE: TARC, BSE: 543249) reported steady Q3 & 9M FY26 ops, with robust cashflows and presales amid strong Delhi-Gurugram demand.
Operational Wins:
- Cashflows ₹907 Cr (9M FY26; > FY25 full-year).
- Presales ₹977 Cr (9M FY26), Q3 ₹412 Cr.
- TARC Tripundra: Handovers soon.
- TARC Kailasa: Experience Centre live, new luxury tower launched.
- TARC Ishva: Phase 2 Q4 FY26; total potential ₹3,600 Cr (+33%).
- Visibility: ₹7,500 Cr cash/inventory over 4 years.
Financials (₹ Cr, consolidated):
- Q3 Income 42 (+226% YoY from 12, +24% QoQ from 34).
- 9M Income 72 (+1,388% YoY from 5).
Standalone: Q3 14 (+50% YoY, +201% QoQ); 9M 39 (-52% YoY).
Profits: 9M cons. ₹17; Q3 standalone ₹12.
MD & CEO Amar Sarin: "Steady execution/cashflows. Healthy luxury demand. Milestones: Tripundra handovers, Kailasa response, Ishva Phase 2. Outlook: launches, pipeline for growth. Prioritize design, efficiency, experience."
Economy: 6.8-7.2% FY27 GDP, trade pacts fuel luxury RE.
TARC unlocks ₹7,500 Cr pipeline in luxury Delhi-NCR.