Realty firm TARC Ltd has posted a consolidated net loss of Rs 67.36 crore in the second quarter of this fiscal year on higher expenses. The company posted a net profit of Rs 1.06 crore in the year-ago period. Total income declined sharply to Rs 5.02 crore in the July-September period of this fiscal from Rs 34.67 crore in the corresponding period of the previous year, according to a regulatory.
Its expenses increased to Rs 80.76 crore from Rs 52.79 crore during the period under review. With a total pre-sale of Rs 1,322 crore in the April-September period of FY'25, the company said it is "very well on track to meet its guidance for the fiscal year". TARC Ltd is developing real estate projects in Delhi-NCR.
