TARC Q1 FY27: Cashflow Momentum Builds as Luxury Demand Holds

In Q1 FY2027, consolidated revenue was INR 217.13 crore, total income was INR 218.71 crore, EBITDA was INR 41.77 crore, and reported PAT was INR 22.65 crore.

The presentation reports pre-sales value of INR 602 crore (stated as 3 times YoY) and collections of INR 805 crore (stated as about 80 percent YoY) for Q1 FY2027.

The presentation attributes Q1 FY2027 total income to continued revenue recognition from TARC Tripundra, and provides Q1 FY2027 presales and collections for Tripundra, Kailasa and Ishva.

Projected cashflows are FY27: INR 1,600 to 1,800 crore; FY28: INR 1,800 to 2,000 crore; FY29: INR 2,300 to 2,500 crore; FY30: INR 2,800 to 3,000 crore.

The company states FY 2026-27 includes revenue recognition from TARC Tripundra of over about INR 1,000 crore, and that FY2029 and FY2030 mark the beginning of revenue recognition for Kailasa and Ishva of about INR 8,000 crore.

They are described as planned ultra-luxury developments with approvals in place and design finalization in progress, with development potential of about 1.0 million sq ft (TARC V), about 0.5 million sq ft (TARC VI) and about 1.0 million sq ft (TARC VII).