The luxury real estate developer reported pre-sales of ₹602 crore in the first quarter, marking a three-fold increase from the previous year and signalling strong demand and execution momentum, the company said.
According to its regulatory filing, the company’s collections stood at ₹305 crore in the quarter under review, up 80% from the previous year, supported by solid customer conversions and collections that resulted in strong cash flow visibility.
Amar Sarin, managing director and CEO of TARC, said the company has commenced the financial year 2027 on a “strong note”, with the sales momentum hinting at stronger demand for differentiated luxury residences. The company said it was progressing construction across its ongoing developments while advancing further on the design and planning of its upcoming luxury and ultra-luxury projects.
“We remain focused on execution excellence, customer experience and disciplined capital allocation, while advancing our next phase of luxury and ultra-luxury developments,” Sarin said.
Shares of TARC gained 14.3% to hit an intraday high of ₹142.4 apiece on Tuesday. The stock was trading at ₹140.3 as of 11.49 am, still up nearly 12.6%. However, it has declined about 18.8% this year, so far.
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