TARC Limited Reports Strong Recovery in First Quarter Results Driven by Luxury Real Estate Demand
New Delhi, August 12, 2026: TARC Limited, New Delhi’s leading luxury residential real estate developer, has announced its financial results for the first quarter ended June 30, 2026, marking a strong start to the financial year. The company recorded a Total Income of Rs 218.71 crore for the quarter, driven by continued revenue recognition from its TARC Tripundra project. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reached Rs 41.76 crore, reflecting a significant improvement from Rs 1.05 crore in the preceding quarter. Additionally, the developer reported a profit after tax of Rs 22.64 crore, demonstrating a robust quarter-on-quarter recovery from Rs 1.61 crore.
On the operational front, quarterly presales reached Rs 602 crore, registering a three-fold year-on-year growth. Collections for the period rose by 80 percent year-on-year to Rs 305 crore, supported by high customer conversion rates and efficiency, which has enhanced the company’s cash flow visibility. New inventory at TARC Kailasa and the launch of Ishvara at TARC Ishva both received strong market traction, reinforcing the demand for high-end residential offerings. Construction activities across ongoing developments continue to hit scheduled milestones, while design and planning for the company’s upcoming pipeline of luxury and ultra-luxury developments remain on track.
Reflecting on the performance, Amar Sarin, Managing Director & CEO, TARC Limited, stated, “The revenue recognition from TARC Tripundra, coupled with strong cashflows during the quarter, strengthens the Company’s earnings profile and enhances visibility on its financial performance. FY2026 Consolidated revenue stood at Rs 218.7 crore, with PAT of Rs 22.64 crore, reflecting the growing contribution from our development portfolio and the strength of our underlying business model.”
Addressing internal corporate measures, Sarin added, “As part of our continued commitment to strengthening corporate governance and enhancing the robustness of our financial reporting processes, we have appointed Singhi & Co., among India’s Top 10 audit firms, as the Company’s Statutory Auditor. The appointment further reinforces our focus on transparency, financial discipline and adherence to the highest standards of governance, while supporting the Company’s growth and evolving scale of operations.”
Commenting on the broader real estate landscape, Sarin noted, “The luxury housing segment is undergoing a meaningful evolution, with discerning buyers increasingly seeking residences that combine architectural distinction, thoughtful design and a differentiated lifestyle experience. This shift presents a clear opportunity for developers with the ability to curate high-quality products in established locations and execute them with consistency.”
Looking ahead, Sarin concluded, “As we progress through the year, our focus remains on advancing our robust pipeline of upcoming ultra-luxury developments. We have collaborated with internationally acclaimed partners to bring globally benchmarked design, architecture and curated living experiences to Delhi. Our objective is to create distinctive developments that set new benchmarks in luxury residential living and further strengthen TARC’s position in the ultra-luxury segment.”
