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Informist, Monday, Sept. 22, 2025

 

By Rajesh Gajra

 

NEW DELHI - The cash inflow of INR 13 billion to INR 15 billion for 2025-26 (Apr-Mar) estimated by Delhi-based real estate company TARC Ltd. covers only project sales, and not one-off receipts, a senior official of the company told Informist in an exclusive interaction. In the June quarter, TARC had reported a total cash inflow of INR 4.56 billion for the June quarter, which comprised collection from project sales, and receipts against land acquisition.

 

TARC, which specialises in luxury housing projects, had stated in the notes to its consolidated financial results for the June quarter that the revenue from operations of INR 759 million in the June quarter included receipt of enhanced compensation of INR 698 million. The notes to accounts for the June quarter had also specified that the other income of INR 2.19 billion included interest receipt of INR 2.17 billion for land acquired by wholly owned subsidiary TARC Projects Ltd. in earlier years. Given these one-off receipts, the cash inflow from project sales made up for a little over half of the total cash inflow of INR 4.56 billion in the June quarter.

 

TARC has estimated future cash inflow from ongoing projects of around INR 68 billion for four years from FY26 to FY29. This, according to the company, includes committed cash inflow of around INR 48 billion from existing sales, and around INR 20 billion from future sales of balance inventory.

 

TARC had reported a substantial increase in consolidated revenue from operations to INR 759 million in the June quarter from INR 118 million in the trailing quarter and INR 82 million in the year-ago quarter. The total expenses also rose sharply to INR 2.14 billion from INR 1.23 billion in the trailing quarter and INR 372 million in the year-ago quarter. The sharp rise in total expenses was mainly on account on other expenses of INR 1.90 billion, which was much higher than INR 595 million in the March quarter and INR 138 million in the year-ago quarter.

 

The other expenses were largely on account of asset write-offs, the senior official said in response to Informist's query. The company had said in the notes to the accounts for the June quarter that other expenses included INR 1.73 billion of impairment allowances on investments and other assets and also write-offs of financial and non-financial assets. The write-offs were, however, larger than the impairment allowances.

 

TARC's consolidated net profit for the June quarter was INR 542 million. The company had reported a consolidated net loss of INR 1.05 billion in the March quarter and INR 307 million in the year-ago quarter. 

 

The shares of the company closed at INR 174.29 Monday, down 0.5%, on the National Stock Exchange.  End

 

Edited by Deepshikha Bhardwaj

 

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