TARC Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- TARC Ltd reported a 123.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 4.8%.
- Its expenses for the quarter were down by 47.6% QoQ and up 5.5% YoY.
- The net profit decreased 57.4% QoQ and decreased 14.3% YoY.
- The earnings per share (EPS) of TARC Ltd declined at 1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 11.22 | 5.02 | 11.79 | 123.5% | -4.8% |
Total Expenses | 42.35 | 80.77 | 40.16 | -47.6% | 5.5% |
Profit Before Tax | -31.13 | -75.74 | -28.37 | -58.9% | 9.7% |
Tax | -2.44 | -8.38 | 5.12 | -70.9% | -147.7% |
Profit After Tax | -28.69 | -67.36 | -33.49 | -57.4% | -14.3% |
Earnings Per Share | -1.00 | -2.30 | -1.10 | -56.5% | -9.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
TARC Ltd is a company that operates within the real estate sector, primarily focusing on the development of residential and commercial properties. Known for its strategic projects and developments, TARC Ltd has been a player in the industry, catering to a variety of real estate needs. As of the latest available information, the company has been involved in several significant projects, contributing to its portfolio in the real estate market. However, there is no recent major development or acquisition data available for TARC Ltd at this time. The company continues to navigate market dynamics, driven by its core operations in real estate development.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), TARC Ltd reported a total income of ₹11.22 crores. This marked a significant quarter-over-quarter (QoQ) increase of 123.5% from the second quarter of the same fiscal year (Q2FY25), where the total income was ₹5.02 crores. However, compared to the same quarter of the previous fiscal year (Q3FY24), there was a year-over-year (YoY) decrease of 4.8%, as the total income then was ₹11.79 crores. This revenue performance reflects changes in the company's operational activities over the respective periods.
Profitability
During Q3FY25, TARC Ltd recorded a loss before tax of ₹31.13 crores, which was a significant improvement from the previous quarter's loss before tax of ₹75.74 crores, reflecting a QoQ decrease in losses by 58.9%. Compared to the same quarter in the previous year, the loss before tax increased by 9.7% from ₹28.37 crores in Q3FY24. The company also reported a profit after tax loss of ₹28.69 crores in Q3FY25, which improved from a loss of ₹67.36 crores in Q2FY25, marking a QoQ reduction in losses by 57.4%. However, on a YoY basis, the profit after tax loss decreased by 14.3% from ₹33.49 crores in Q3FY24. The tax impact also shifted substantially with a negative tax of ₹2.44 crores in Q3FY25, down from a negative tax of ₹8.38 crores in Q2FY25 and a tax of ₹5.12 crores in Q3FY24.
Operating Metrics
The earnings per share (EPS) for TARC Ltd in Q3FY25 stood at -₹1.00, which was an improvement from -₹2.30 in Q2FY25, representing a QoQ improvement of 56.5%. When compared to Q3FY24, the EPS showed a YoY improvement of 9.1% from -₹1.10. The total expenses for Q3FY25 were ₹42.35 crores, reflecting a QoQ decrease of 47.6% from ₹80.77 crores in the previous quarter. Comparing to the same period in the prior year, total expenses increased by 5.5% from ₹40.16 crores in Q3FY24. These operating metrics highlight the cost management efforts and operational adjustments made by the company during these periods.
