Real Estate
Tarc Limited (tarc) Fy2026: Revenue Up 64%, Profitability Boosted by TARC Tripundra
TARC Limited (NSE: TARC) reports FY2026 results with a 64% revenue increase, driven by strong performance in luxury residential projects.
TARC Limited (NSE: TARC), New Delhi’s leading luxury residential real estate developer, announced its financial results for the quarter and year ended March 31, 2026. FY2026 marked an important year of operational progress and delivery milestones for the company, supported by sustained sales momentum, strong business cash flows, and continued expansion of the luxury development pipeline.
Financial Highlights
TARC Limited reported consolidated total income of ₹67.78 crore for FY2026, a significant 64% year-on-year growth from ₹41.39 crore in FY2025. The company’s EBITDA for FY2026 stood at ₹77.51 crore, a remarkable turnaround from the negative EBITDA of ₹27.77 crore in FY2025. The company also reported a profit after tax (PAT) of ₹19.03 crore for FY2026, reversing the net loss of ₹231.29 crore in FY2025.
Operational Highlights
The commencement of revenue recognition at TARC Tripundra during Q4 FY2025 marked a key inflection point, strengthening profitability and financial performance visibility. The project has a total gross development value of approximately ₹1,000 crore, with a progressive gross margin of 45% at the project level.
TARC Kailasa witnessed strong customer engagement following the launch of premium inventory, alongside the operationalization of the new Experience Centre and Sample Residence. The total project gross development value now stands at approximately ₹4,400 crore. TARC Ishva expanded its development footprint through the unveiling of ‘Ishvara’, the sixth and tallest tower of the development, increasing the total project gross development value to approximately ₹3,600 crore.
Commenting on FY2026 performance, Mr. Amar Sarin, Managing Director & CEO, TARC Limited, said: ‘The commencement of revenue recognition at TARC Tripundra during Q4 FY2025 marks a key inflection point, strengthening profitability and financial performance visibility. FY2026 consolidated revenue stood at ₹67.78 crore, with PAT of ₹19.03 crore and a healthy project-level gross margin of 45% at Tripundra is testament to our strategy of leveraging historical land bank, luxury positioning, and value-accretive development approach. Looking ahead, we remain focused on disciplined execution, phased launches, and expansion of our luxury and ultra-luxury pipeline.’
The luxury residential market in Delhi and Gurugram continues to exhibit strong structural demand, supported by constrained supply of high-quality developments, increasing preference for amenity-led community living, and growing buyer inclination toward trusted and institutional developers. Despite global headwinds, India’s long-term economic growth outlook, supported by infrastructure investments, rising wealth creation, and increasing global economic integration, continues to strengthen demand for differentiated luxury residential developments.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of TARC Limited
TARC Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.
TARC falls 11.4% over three months and has not found a floor yet. Industry-leading margins of 65.4% reflect exceptional pricing power and operational efficiency. 4 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. The stock sits at 21% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at -33.7% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of TARC Limited.
PURVA
Puravankara Limited (purva) Q2 FY27: Pre-sales Up 62% Yoy at ₹2,136 Crore
Puravankara Limited (PURVA) reports a 62% YoY surge in Q2 FY27 pre-sales to ₹2,136 crore, collections up 24% to ₹1,301 crore.
Puravankara Limited (NSE: PURVA) has reported a remarkable 62% year-on-year (YoY) increase in pre-sales for Q2 FY27, reaching ₹2,136 crore, up from ₹1,322 crore in Q2 FY26. The company also saw a 24% YoY rise in customer collections, totaling ₹1,301 crore, compared to ₹1,047 crore in the same quarter last year. The sales area for the quarter was 1.83 million square feet (msft), a 22% YoY increase from 1.50 msft in Q2 FY26.
Strong Financial Performance
The company’s average price realization improved by 32% YoY to ₹11,651 per sq. ft. Puravankara handed over 977 homes totaling 0.97 msft during the quarter, bringing cumulative handovers for H1FY27 to 1,722 homes spanning 1.92 msft. The company added 6.51 msft of potential developable area, with an estimated Gross Development Value (GDV) of ₹8,900 crore in Q2FY27, contributing to total pipeline additions in H1FY27 of 10.74 msft with an estimated GDV of ₹14,100 crore.
Strategic Expansion
Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara Limited, said: “Our focus is on scaling the business while maintaining discipline in pricing, capital deployment, and execution. In Q2FY27, pre-sales grew 62% to ₹2,136 crore, with collections up 24% and average price realization up 32%. This performance supports our strategy of investing in differentiated developments in markets where we see enduring demand. In H1FY27, we added development opportunities with an estimated GDV of ₹14,100 crore across Bengaluru, Mumbai, and Greater Noida. We have been deliberate in selecting opportunities that offer both scale and long-term value. The priority now is to translate this development potential into launches, sales, and cash flows. As we expand, we will remain selective about where we deploy capital and focused on execution.”
Puravankara’s strategic initiatives include entering new markets and securing significant land parcels. In Q2FY27, the company added projects with a cumulative development potential of 10.74 msft and an estimated GDV of ₹14,100 crore. This includes a joint development for a 7.83-acre land parcel in South-East Bengaluru with a potential GDV of over ₹1,100 crore and a developable area of 0.89 msft.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Puravankara Limited
Puravankara Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.
Puravankara falls 10.7% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 39% of its 52-week range with RSI at 49. In other words, neither side has a clear edge right now. Revenue grows at 45.3% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Puravankara Limited.
PURVA
Puravankara Limited Signs JDA for 12.76-acre Land Parcel in Sathanur, Bengaluru
Puravankara Limited (NSE: PURVA) signs a Joint Development Agreement for a 12.76-acre land parcel in Sathanur, Bengaluru with a potential GDV of Rs 2,500 crore.
Puravankara Limited (NSE: PURVA) has signed a Joint Development Agreement (JDA) for a 12.76-acre land parcel in Sathanur, North Bengaluru, with an estimated Gross Development Value (GDV) of Rs 2,500 crore. The proposed development, with a saleable area of approximately 1.90 million square feet, will strengthen the company’s residential development pipeline in Bengaluru and reinforce its focus on high-potential micro-markets and strategic land additions.
Strategic Land Addition
Commenting on the development, Ashish Puravankara, Managing Director, Puravankara Limited, said, “Our focus remains on strengthening Puravankara’s development pipeline through strategic land additions that offer scale, strong market potential and visibility for future growth. The Sathanur JDA, with an estimated GDV of Rs 2,500 crore, is another step in this direction. We continue to evaluate opportunities across key markets with a disciplined approach to capital allocation, ensuring that each investment contributes to building a stronger and more sustainable portfolio.”
Business Development Highlights
With the proposed Sathanur development, Puravankara’s business development additions for FY27 so far comprise eight projects with a combined development potential of around 12.64 million square feet across Bengaluru, Mumbai, and Delhi-NCR, and a total potential GDV of ₹16,600 crore. These additions strengthen Puravankara’s development pipeline across three key markets, supporting its long-term growth plans.
As Puravankara continues to expand its portfolio, the company remains committed to maintaining capital efficiency and ensuring timely project execution.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Puravankara Limited
Puravankara Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.
Puravankara moves sideways over three months, with neither buyers nor sellers taking control. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 37% of its 52-week range with RSI at 46. In other words, neither side has a clear edge right now. Revenue grows at 45.3% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Puravankara Limited.
GODREJPROP
Godrej Properties Limited (godrejprop) Inaugurates First Milestone of Bandra Bay Transformation
Godrej Properties Limited (GODREJPROP) inaugurates first milestone of Bandra Bay transformation with a new pedestrian corridor.
Godrej Properties Limited (NSE: GODREJPROP) has marked a significant milestone in the transformation of Bandra Bay with the inauguration of a new pedestrian corridor along LK Mehta Marg. Developed in partnership with RC Group and the Brihanmumbai Municipal Corporation (BMC), this corridor is the first completed public infrastructure project under the Bandra Bay Beautification Initiative.
Enhancing Accessibility and Community Engagement
The newly developed pedestrian corridor is designed to enhance pedestrian safety, ease movement, and make Bandra Bay a more welcoming, walkable, and vibrant address for Mumbai residents. This initiative is part of a larger plan that includes adding a green promenade, open lawns, a pet park, a quiet reading zone, and an amphitheatre. Additionally, a mini golf course and a sports and activity zone are planned for the next phase.
Celebrating Community Wellness
To celebrate the inauguration, the corridor came alive with a morning of community wellness by the sea. Families and children participated in various activities including pedalling stationary cycles, a walking challenge, Zumba sessions, and yoga classes. Visitors also enjoyed face painting, pottery, diya painting, healthy bowls, and seasonal fruit juices. The event concluded with participants recording their mood on an emotion tracker.
Amitesh Shah, CEO, Mumbai MMR Region, Godrej Properties, emphasized, ‘Creating great neighbourhoods goes beyond the homes we build; it extends to the streets and public spaces people share. Bandra Bay is one of Mumbai’s most loved stretches of waterfront, and we are proud to partner with BMC and RC Group to make it more accessible for the community. Today’s inauguration is a first step, and we are committed to seeing the larger plan through.’ Anup Singh, Head – Design & Regulatory, RC Group, added, ‘This stepping stone reflects the power of public-private and community collaboration in creating infrastructure that benefits the wider community. The inauguration of this corridor marks the beginning of a larger journey for Bandra Bay. Our shared vision has been to create a waterfront destination that balances accessibility and community engagement, and this brings it one step closer to reality.’
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Godrej Properties Limited
Godrej Properties Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.
Godrej drops 27.3% over three months and trades near its 52-week lows. The PEG of 0.61 signals undervaluation relative to growth. It is a potential re-rating candidate. Industry-leading margins of 30.8% reflect exceptional pricing power and operational efficiency. RSI stands at 26, well into oversold territory. Yet sellers still dominated on 17 of recent sessions versus 13 for buyers, so the pressure has not fully lifted. Revenue grows at 32.4% and profits at 47.9% CAGR, with D/E of 0.72. Meanwhile, the stock dips 27.3% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Godrej Properties Limited.
-
Basic Materials3 days agoGoodluck India Limited (goodluck) Recognized as Sole Qualified Bidder for Defence Artillery Shells
-
Communication Services2 days agoGtpl Hathway Limited: Digital TV Subscriber Increase by 1.5 Mn Drives Revenue Growth
-
Financial Services2 days agoIcici Prudential Life Insurance Company Limited Performance Update: H1-fy2027
-
ARSSBL2 days agoAnand Rathi Share and Stock Brokers Limited (arssbl) Q2 FY 27: Revenue Up 20% Yoy, PAT Rises 50%
-
Consumer Cyclical2 days agoLemon Tree Hotels Limited Expands in Uttar Pradesh with 26th Property
-
AARTIIND2 days agoAarti Industries Limited (aartiind) Secures 10+ Year Strategic Manufacturing Agreement
-
EIMCOELECO2 days agoEimco Elecon (india) Limited Q2 & H1 FY27: Revenue Up 70.9%, PAT Surges 46.5%
-
Software - Application2 days agoTata Elxsi Limited (tataelxsi) Q2 Fy’27: Revenue Up 3.4% Qoq, 15% Yoy