Delhi-based real estate developer TARC Ltd reported a sharp rise in total income to ₹671.78 crore in FY26, from ₹38.89 crore in the previous year.

The company also swung to a profit after tax of ₹19.03 crore last fiscal year, from a year-earlier loss of ₹231.29 crore. It commenced handovers at Tripundra, which was launched in FY23. The project has a total gross development value of around ₹1,000 crore.

With revenue recognition started during the March quarter, the gross margin at the project level of 45% would flow through progressively into consolidated financials, the company said.

TARC’s project in central Delhi, Kailasa, currently has a total gross development value of ₹4,400 crore.

It also expanded the development footprint of the Ishva project in Gurugram through the sixth and tallest tower, boosting gross development value to about ₹3,600 crore.

“The commencement of revenue recognition at TARC Tripundra during Q4 FY2026 marks a key inflection point, strengthening profitability and financial performance visibility,” said Amar Sarin, managing director and CEO, TARC.