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TARC (TARC)₹128.28+1.48%Residential, Commercial Projects
In the Jun 2026 quarter (consolidated), TARC reported sales of ₹218 Cr, up 185.3% from Jun 2025, and net profit of ₹22.94 Cr, down 57.4% year on year. For the year to Mar 2026, sales were ₹331 Cr and net profit ₹18.96 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 30.11 | 9.03 | 9.04 | 8.03 | 4.02 | 9.03 | 12.04 | 76.27 | 7.03 | 38.16 | 210 | 218 |
| Expenses | 38.86 | 3.99 | 13.97 | 22.93 | 28.91 | 20.94 | 94.78 | 195 | 42.86 | 56.85 | 298 | 177 |
| Operating Profit | −8.99 | 5.99 | −3.99 | −14.97 | −23.97 | −10.98 | −83.82 | −120 | −35.94 | −17.96 | −89.87 | 39.95 |
| OPM % | −32.0% | 60.0% | −43.0% | −178.0% | −566.0% | −120.0% | −708.0% | −159.0% | −519.0% | −47.0% | −43.0% | 19.0% |
| Other Income | 4.99 | 2.01 | 1.01 | 1.01 | 1.01 | 2.01 | 2.01 | 219 | 27.02 | 4.01 | 91.12 | 2.01 |
| Interest | 11.96 | 34.86 | 41.87 | 12.96 | 48.81 | 18.93 | 24.92 | 14.96 | 10.97 | 10.97 | 14.94 | 17.93 |
| Depreciation | 1.99 | 2.01 | 1.99 | 1.99 | 3.01 | 2.01 | 1.99 | 1.99 | 2.01 | 1.99 | 2.99 | 2.01 |
| Profit before tax | −18.06 | −28.11 | −47.19 | −28.12 | −76.27 | −31.11 | −109 | 81.29 | −22.09 | −28.13 | −17.08 | 22.09 |
| Tax % | −106.1% | 17.9% | 9.9% | 10.9% | −11.1% | −8.0% | −4.0% | 32.9% | −28.1% | −24.1% | −109.1% | −3.0% |
| Net Profit | 0.99 | −32.90 | −51.87 | −30.91 | −66.91 | −28.96 | −105 | 53.86 | −15.96 | −20.96 | 1.99 | 22.94 |
| EPS (Rs) | 0.05 | −1.12 | −1.74 | −1.05 | −2.27 | −0.96 | −3.53 | 1.83 | −0.52 | −0.70 | 0.04 | 0.76 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 138 | 192 | 252 | 371 | 111 | 34.10 | 331 | 473 |
| Expenses | 112 | 191 | 434 | 205 | 133 | 167 | 592 | 574 |
| Operating Profit | 24.96 | 0.00 | −184 | 164 | −21.95 | −133 | −264 | −104 |
| OPM % | 19.0% | −0.1% | −74.0% | 44.0% | −20.0% | −395.0% | −80.0% | −22.0% |
| Other Income | 72.10 | 30.01 | 50.02 | 2.01 | 4.01 | 5.01 | 342 | 124 |
| Interest | 24.93 | 20.94 | 85.75 | 117 | 61.81 | 106 | 52.79 | 54.81 |
| Depreciation | 8.01 | 8.01 | 8.99 | 6.99 | 5.99 | 8.99 | 9.99 | 9.00 |
| Profit before tax | 65.28 | 1.01 | −230 | 41.13 | −86.34 | −244 | 15.07 | −45.21 |
| Tax % | 17.9% | −563.1% | 1.0% | 49.9% | −10.1% | −5.1% | −29.1% | — |
| Exceptional items | 0.00 | 0.00 | 4.01 | −2.01 | −6.02 | 0.00 | 0.00 | — |
| Net Profit | 52.88 | 5.99 | −233 | 19.94 | −76.80 | −231 | 18.96 | −11.99 |
| EPS (Rs) | — | 0.20 | −7.88 | 0.68 | −2.60 | −7.83 | 0.64 | −0.42 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 58.92 | 58.93 | 58.98 | 59.06 | 59.01 | 59.01 | 59.03 |
| Reserves | 1,504 | 1,510 | 1,276 | 1,297 | 1,219 | 987 | 1,007 |
| Borrowings | 1,297 | 1,319 | 1,179 | 1,387 | 1,393 | 1,956 | 1,895 |
| Other Liabilities | 473 | 524 | 470 | 430 | 800 | 1,223 | 1,651 |
| Total Liabilities | 3,333 | 3,413 | 2,985 | 3,173 | 3,470 | 4,225 | 4,612 |
| Fixed Assets | 1,565 | 1,664 | 1,053 | 1,067 | 1,108 | 1,216 | 1,321 |
| CWIP | 72.75 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 138 | 138 | 67.95 | 67.91 | 67.93 | 67.94 | 0.00 |
| Other Assets | 1,557 | 1,610 | 1,864 | 2,038 | 2,295 | 2,941 | 3,290 |
| Inventories | 831 | 850 | 1,067 | 1,108 | 1,387 | 1,954 | 2,399 |
| Trade receivables | 3.01 | 17.02 | 5.01 | 10.01 | 6.01 | 10.01 | 7.01 |
| Cash & equivalents | 8.99 | 14.97 | 27.93 | 115 | 66.91 | 85.79 | 80.89 |
| Total Assets | 3,333 | 3,413 | 2,985 | 3,173 | 3,470 | 4,225 | 4,612 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 116 | 144 | −81.06 | −81.06 | 158 | 42.99 | 191 |
| Cash from investing activity | 16.99 | 22.97 | 367 | 74.95 | −38.96 | −67.97 | 275 |
| Cash from financing activity | −143 | −162 | −280 | 96.35 | −167 | 14.03 | −437 |
| Net cash flow | −8.99 | 6.01 | 7.01 | 88.98 | −46.98 | −10.99 | 29.02 |
| Capex | 50.14 | 19.03 | 0.00 | 7.02 | 41.08 | 37.07 | 31.09 |
| Free cash flow | 66.21 | 161 | 281 | −12.03 | 117 | 6.02 | 160 |
| CFO / OP % | 457.0% | −63,382.0% | 38.1% | −41.0% | −752.0% | −46.0% | −81.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 9 | 33 | 8 | 10 | 21 | 108 | 9 |
| Cash conversion cycle | 7 | 31 | 6 | 8 | 19 | 106 | 7 |
| Working capital days | 367 | 262 | −517 | 759 | 1,217 | 1,120 | 702 |
| ROCE % | — | 1.0% | −5.0% | 6.0% | −1.0% | −5.0% | 2.0% |
For the Jun 2026 quarter, TARC reported sales of ₹218 Cr, up 185.3% year on year and net profit of ₹22.94 Cr, down 57.4% year on year. The operating margin was 19.0%.
TARC's sales for the year to Mar 2026 were ₹331 Cr; over the last twelve months they were ₹473 Cr.
Net profit for the year to Mar 2026 was ₹18.96 Cr, and −₹11.99 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−0.42.
TARC reported borrowings of ₹1,895 Cr at Mar 2026, against cash and equivalents of ₹80.89 Cr.
Cash from operations was ₹191 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹160 Cr.