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TARC Ltd, a New Delhi-based real estate developer, reported a net loss of INR 28.69 crore for Q3 FY25, improving from INR 33.48 crore last year. Despite ongoing losses, the company saw a 6.6% increase in total income to INR 11.21 crore. A major highlight was its strong sales performance, securing INR 1,165 crore in Q3 sales and INR 181 crore in collections. Total sales for 9M FY25 reached INR 2,487 crore, surpassing last year's figures. CEO Amar Sarin emphasized market confidence and future expansion, positioning TARC for continued growth in luxury real estate.
TARC Ltd, a New Delhi-based real estate developer, reported a consolidated net loss of INR 28.69 crore for the December quarter, marking an improvement from the INR 33.48 crore loss recorded in the same period last year. While the company remains in the red, the reduced deficit suggests some financial stability amid its ongoing expansion in the luxury residential segment. Advertisement
Despite the net loss, TARC Ltd witnessed a modest increase in total income, which rose to INR 11.21 crore in the third quarter of this fiscal year from INR 10.51 crore in the corresponding period last year, as per a regulatory filing. This slight uptick in revenue, although not substantial, reflects the company's efforts to strengthen its financial standing through its growing portfolio of high-end real estate projects.
More significantly, TARC Ltd showcased robust sales performance, securing INR 1,165 crore in sales and INR 181 crore in collections during the October-December quarter of 2024-25. This strong sales momentum indicates increasing demand for the company's projects, particularly in the luxury housing segment. TARC attributed this success to deep customer confidence in its developments, highlighting its brand strength and market positioning.
One of the standout achievements of the company has been its cumulative sales performance in the first nine months of the fiscal year. The company's total sales soared to INR 2,487 crore, surpassing the entire sales volume recorded in the previous financial year. This multi-fold growth underscores the company's ability to capitalise on market opportunities and deliver projects that align with buyer expectations.
TARC Ltd's Managing Director and CEO, Amar Sarin, remarked that the company's performance in the December quarter reaffirmed its position as a leader in the luxury residential sector. He pointed out that the company's execution capabilities and strong customer trust have played a crucial role in achieving this level of growth. Sarin further stated that TARC Ltd is actively working on its next phase of projects, which are currently in the design stage, in preparation for the upcoming financial year.
As the company looks ahead, its focus remains on expanding its portfolio with new landmark developments that align with market trends and evolving buyer preferences. Given the strong sales momentum and strategic planning, TARC Ltd appears to be well-positioned for future growth despite the existing financial challenges.
While TARC Ltd continues to report net losses, its strong sales performance indicates growing market confidence in its projects. The company's ability to surpass last year's total sales within the first nine months of the fiscal year underscores its growth trajectory in the luxury residential segment. As it prepares for new project launches in the coming financial year, its focus on execution and strategic expansion could further strengthen its position in the market.
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