TARC Limited returned to profitability in the financial year ended March 31, 2026, reporting a consolidated net profit of ₹19.03 crore compared to a net loss of ₹231.29 crore in the previous year. The turnaround was driven by a significant increase in revenue from operations, which rose to ₹329.84 crore from ₹33.69 crore in FY25, alongside total income reaching ₹671.78 crore. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at its meeting held on May 29, 2026.

The company’s statutory auditor, M/s Doogar & Associates, issued an unmodified opinion on the audited financial results. For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹1.61 crore, a reversal from the net loss of ₹104.56 crore in the same period last year. Total income for the quarter stood at ₹300.02 crore.

Operational Performance

Revenue from operations for the consolidated entity surged to ₹208.70 crore in Q4 FY26 from ₹11.82 crore in Q4 FY25. Other income also contributed significantly to the top line, totaling ₹91.32 crore for the quarter. The company’s net worth stood at ₹1,06,208.79 lakh as of March 31, 2026, while the debt-equity ratio was 1.78.

Business Highlights

The commencement of revenue recognition at TARC Tripundra during Q4 FY26 marked a key inflection point, strengthening profitability and financial performance visibility. The company recorded its highest-ever business cashflows of ₹1,132 crore, more than double the previous financial year. Pre-sales bookings reached ₹1,373 crore, and customer handovers commenced at TARC Tripundra, reinforcing delivery capability. The company also introduced premium tower inventory at TARC Kailasa and launched ‘Ishvara’ at TARC Ishva, expanding its development footprint to 1.7 million sqft and enhancing Gross Development Value (GDV) potential to approximately ₹3,600 crore.

Auditor Appointments

The Board re-appointed M/s Kirtane & Pandit LLP as the Internal Auditor and M/s Bahadur Murao & Co. as the Cost Auditor for the financial year 2026-27. These appointments were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for designated persons, which was closed effective April 1, 2026, will reopen 48 hours after the declaration of the financial results.

TARC Limited has informed the stock exchanges that Enforcement Directorate (ED) officials visited the company's premises, as well as those of its promoters and officers, on April 24, 2026. The visits occurred at 9:40 am and 6:30 am respectively, according to a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The search operation primarily targeted the pre-demerged entity in connection with a transaction that pertains to the period prior to 2020. Since TARC Limited was part of the pre-demerged entity, its premises were also included in the search. The company has stated that this action is not material in nature and has no impact on its operations or financial position.

Details of the Enforcement Directorate Action

The company provided comprehensive details regarding the ED visit in accordance with the requirements of Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations:

The disclosure, signed by Company Secretary Amit Narayan, was submitted to BSE Limited and National Stock Exchange of India Limited on April 30, 2026. The company's equity scrip code is 543249 and debt scrip code is 976606, with the scrip symbol being TARC.