TARC Q2 profit at Rs 4.39 cr revenue jumps to Rs 134 cr

New Delhi, Nov 13 (PTI) Realty firm TARC Ltd has reported a consolidated net profit of Rs 4.39 crore for the quarter ended September.

     The company posted a net loss of Rs 15.76 crore a year ago.

     Total income jumped to Rs 134.06 crore in the second quarter of this fiscal year from Rs 34.10 crore in the corresponding period of the preceding year, according to a regulatory filing on Thursday.

     During the entire last fiscal year, the company had posted a net profit of Rs 19.03 crore on a total income of Rs 671.74 crore.

     TARC Ltd is developing many residential projects in Delhi-NCR.

     Amar Sarin, Managing Director & CEO, TARC Ltd, said the company's focus remains firmly on execution, customer experience and efficient capital deployment.

     "As we look ahead, our priorities remain centred on accelerating project execution, strengthening financial performance, unlocking value from our development portfolio and bringing our upcoming projects to market.

     "We remain confident in our strategy and committed to creating distinctive luxury residential developments while delivering sustainable long-term value for our stakeholders," he said.

     The company has achieved sales bookings of Rs 955 crore during the first half of this fiscal year, a 69 per cent growth from the year-ago period.

(This story has not been edited by THE WEEK and is auto-generated from PTI)