TARC Ltd develops ultra-luxury residential projects in Delhi and Gurgaon, with three flagship projects (Tripundra, Kailasa, Ishva) generating combined ₹7,500 crore GDV. The company guided ₹5,000 crore presales for FY25 but achieved only ₹1,322 crore in H1FY25, requiring ₹3,700 crore in H2 to meet the target. New project launches (~₹7,500 crore GDV over 4 years) and 10–15% annual pricing growth are key growth drivers, alongside a debt-reduction roadmap targeting net-debt-zero by FY27. Revenue recognition remains delayed until occupancy certificates (Tripundra by Mar-25), and the ₹300 crore compensation receivable is critical for debt repayment. The key execution risk is delivering the FY25 presales target, as H2 performance will determine whether guidance is met.
companyname: TARC Limited ticker: TARC sector: Real Estate / Luxury Residential Development TARC Limited is a luxury residential real estate developer focused exclusively on Delhi and Gurugram. The company was originally founded in the 1970s as a construction business. It was demerged and listed on stock exchanges in December 2020, emerging as a standalone luxury development company. TARC owns approximately 500 acres of fully paid-up land, employs 360 permanent staff, and achieved presales of ₹...
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₹5,000 crore presales guidance for FY25
mixed
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