Integrated Filing — IndAS



General information about company
Scrip Code 543249
NSE Symbol TARC
MSEI Symbol NOTLISTED
ISIN INE0EK901012
Name of company TARC LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Real estate business
Start date and time of board meeting 29-May-2025   14:00:00
End date and time of board meeting 29-May-2025   17:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 118156000 336886000
Other income 20760000 51988000
Total income 138916000 388874000
2 Expenses
(a) Cost of materials consumed 323309000 433586000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 36030000 156067000
(e) Finance costs 248309000 1064336000
(f) Depreciation, depletion and amortisation expense 23237000 89864000
(f) Other Expenses
1 Other Expenses 595243000 1076941000
Total other expenses 595243000 1076941000
Total expenses 1226128000 2820794000
3 Total profit before exceptional items and tax -1087212000 -2431920000
4 Exceptional items 0 0
5 Total profit before tax -1087212000 -2431920000
6 Tax expense
7 Current tax 7676000 7676000
8 Deferred tax -49288000 -126711000
9 Total tax expenses -41612000 -119035000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -1045600000 -2312885000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -1045600000 -2312885000
17 Other comprehensive income net of taxes -196000 -4002000
18 Total Comprehensive Income for the period -1045796000 -2316887000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -1029369000 -2296354000
Total profit or loss, attributable to non-controlling interests -418000 -718000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent -1029566000 -2300357000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -418000 -718000
21 Details of equity share capital
Paid-up equity share capital 590193000 590193000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 9839367000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -3.54 -7.84
Diluted earnings (loss) per share from continuing operations -3.54 -7.84
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -3.54 -7.84
Diluted earnings (loss) per share from continuing and discontinued operations -3.54 -7.84
24 Debt equity ratio 0.0187 0.0187
25 Debt service coverage ratio 0.0308 0.003
26 Interest service coverage ratio -0.0338 -0.0128
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) Please refer financial results PDF file already submitted with the exchange.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 4032535000
Capital work-in-progress 0
Investment property 5311217000
Goodwill 2775129000
Other intangible assets 32389000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 678580000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 3060602000
Total non-current financial assets 3739182000
Deferred tax assets (net) 1097627000
Other non-current assets 2151836000
Total non-current assets 19139915000
2 Current assets
Inventories 19514390000
Current financial asset
Current investments 0
Trade receivables, current 98756000
Cash and cash equivalents 482563000
Bank balance other than cash and cash equivalents 374099000
Loans, current 225676000
Other current financial assets 1188455000
Total current financial assets 2369549000
Current tax assets (net) 0
Other current assets 1133485000
Total current assets 23017424000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 42157339000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 590193000
Other equity 9839367000
Total equity attributable to owners of parent 10429560000
Non controlling interest 2844000
Total equity 10432404000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 10492720000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 55790000
Total non-current financial liabilities 10548510000
Provisions, non-current 30225000
Deferred tax liabilities (net) 20292000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 10599027000
Current liabilities
Current financial liabilities
Borrowings, current 9003789000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 72403000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 541900000
Total Trade payable 614303000
Other current financial liabilities 1655209000
Total current financial liabilities 11273301000
Other current liabilities 9841446000
Provisions, current 7516000
Current tax liabilities (Net) 3645000
Deferred government grants, Current 0
Total current liabilities 21125908000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 31724935000
Total equity and liabilites 42157339000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of net defined benefit liability/asset -415000 -3586000
Total Amount of items that will not be reclassified to profit and loss -415000 -3586000
2 Income tax relating to items that will not be reclassified to profit or loss -219000 416000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -196000 -4002000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -2431920000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1064336000
Adjustments for decrease (increase) in inventories -2273593000
Adjustments for decrease (increase) in trade receivables, current -36581000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -693433000
Adjustments for decrease (increase) in other non-current assets 68059000
Adjustments for other financial assets, non-current -96764000
Adjustments for other financial assets, current 401989000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 0
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 4309525000
Adjustments for increase (decrease) in other non-current liabilities 367521000
Adjustments for depreciation and amortisation expense 89864000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -1817000
Adjustments for provisions, non-current 9544000
Adjustments for other financial liabilities, current -251167000
Adjustments for other financial liabilities, non-current -19653000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 30836000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 195000
Other adjustments for non-cash items 129135000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 4281000
Total adjustments for reconcile profit (loss) 3040605000
Net cash flows from (used in) operations 608685000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 179133000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 429552000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 372533000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 6946000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -312465000
Net cash flows from (used in) investing activities -678052000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 9999981000
Repayments of borrowings 4379216000
Payments of lease liabilities 12428000
Dividends paid 0
Interest paid 5465695000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 142642000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -105858000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -105858000
Cash and cash equivalents cash flow statement at beginning of period 588422000
Cash and cash equivalents cash flow statement at end of period 482564000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Doogar & Associates Yes 31-Mar-2028