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TARC Ltd Q2FY24; 87% fall in Profits

TARC Ltd. (The Anant Raj Corporation) started out as a construction and contracting company and evolved to become one of the largest real estate development companies and land bank holders in the New Delhi Metropolitan Area. The company‘s key developments are across verticals like Residential, Hospitality, Commercial and Retail projects.
The name of the company has been changed from Anant Raj Global Ltd. to TARC Ltd. in April 2021.

Financial Results:

TARC Ltd reported Revenues for Q2FY24 of ₹29.72 Crores down from ₹41.67 Crore year on year, a fall of 28.68%.

Total Expenses for Q2FY24 of ₹52.79 Crores up from ₹47.87 Crores year on year, a rise of 10.28%.

Consolidated Net Profit of ₹1.07 Crores down 86.9% from ₹8.17 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.04, down 85.71% from ₹0.28 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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