TARC Limited reported strong nine-month cashflows of ₹907 crore, surpassing last year’s full-year performance. Pre-sales booking reached ₹977 crore in 9MFY26. The company received RERA approval for an additional phase of TARC Ishva, increasing GDV potential by ~33%. New luxury tower launches are planned, with company cashflows and inventory monetisation projected at ~₹7,500 crore over the next four years.
Financial Highlights
TARC Limited announced robust financial performance and strategic developments in its Q3FY26 investor update:
- Cashflow: Nine-month cashflows reached ₹907 crore, exceeding the previous full year’s results.
- Pre-Sales: Achieved ₹977 crore in pre-sales bookings for 9MFY26.
- Significant margin improvements are anticipated from ongoing and upcoming projects.
Project Updates
Key project milestones and updates were also highlighted:
- TARC Ishva: Received RERA approval for an additional phase in January 2026. This increases the area under development from 1.3 mn sqft to 1.7 mn sqft, enhancing the GDV potential by approximately 33%, from ₹2,700 crore to ₹3,600 crore.
- TARC Kailasa: The new experience center and sample apartments are now operational. A new luxury tower launch is forthcoming.
Future Outlook
The company expressed strong optimism about future performance:
- Anticipates ₹7,500 crore from company cashflows and inventory monetisation over the next four years.
- Design finalization is underway for new project launches.
Surplus Cashflow Projections
TARC anticipates substantial surplus cashflows from existing and future developments:
- Total Ongoing Gross Development Value: Approximately ₹9,000 crore.
- Outstanding Receivables (including Sale Value of Unsold Stock): Approximately ₹7,500 crore.
- Balance Cost to Incur: Approximately ₹2,700 crore.
Debt Reduction
The company aims for net debt zero through future cashflows. Previously, gross debt was ₹1,900+. This has a target to reduce to around ₹700, with future aims to eliminate debt completely.
Source: BSE
