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Earnings Call

TARC Earnings Call: Key Takeaways

TARC reported a massive turnaround in FY26, reaching total income of ₹671.78 Cr vs ₹38.89 Cr in FY25. The company turned PAT positive at ₹19.03 Cr, driven by high-margin luxury residential handovers.

Why this was an Alfa AlertManagement guides >50% YoY growth in cashflows for FY27 (₹1,600-1,800 Cr vs ₹1,132 Cr in FY26) and sustained future growth.
Highlights
Revenue growthFY26 income ₹671.78 Cr vs FY25 ₹38.89 Cr.
MarginsTARC Tripundra project achieved ~45% embedded gross margins.
Order bookGDV under execution ~₹9,000 Cr; similar pipeline under finalization.
Demand visibilityStrong presales momentum in luxury; ₹1,373 Cr bookings in FY26.
Management confidenceStrong; citing 'key inflection point' and 'disciplined execution'.

Growth

FY26 Revenue grew 17x YoY to ₹671.78 Cr. EBITDA turned positive at ₹77.51 Cr from a ₹127.77 Cr loss.

Outlook

Targets Net Debt Zero by FY27. Projecting ~₹10,000 Cr cashflows over next 5 years with 50%+ YoY growth in collections.

Risks

Market cyclicality, regulatory changes, and execution of the significant ₹9,000 Cr GDV pipeline.

Source

Earnings Call filed with BSE, NSE: TARC. Summary written with AI assistance from the document.

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TARC Ltd: key numbers

Share price
₹129.36
Market cap
₹3,817 Cr
Revenue (annual)
₹329.8 Cr
Net profit (annual)
₹19.07 Cr
P/E (TTM)
-305.2×Sector 35.8×
Promoter holding
65.12%+0.00% QoQ
FII holding
0.99%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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