Deals4 Oct 2024, 07:16 pm
TARC Limited Reports Strong Presales of ₹1,012 Crore with ~900% YoY Growth in Q2 FY2025
AI Summary
TARC Limited has announced its exceptional operational performance for Q2 FY2025 with strong presales of ₹1,012 Crore, representing a year-on-year growth of ~900%. The company has reported total presales of ₹1,322 crore in the H1 FY2025, a year-on-year growth of ~600%. This significant achievement is attributed to the company's robust performance and strategic positioning in the luxury real estate market. The company also successfully refinanced ₹1,000 crore of debt at an attractive interest rate of 12.75%.
Key Highlights
- TARC Limited reported strong presales of ₹1,012 Crore with ~900% YoY growth in Q2 FY2025.
- The company has reported total presales of ₹1,322 crore in the H1 FY2025, representing a year-on-year growth of ~600%.
- TARC Limited successfully refinanced ₹1,000 crore of debt at an attractive interest rate of 12.75%.
- The company launched TARC Ishva, a luxury development situated on the extended Golf Course Road in Sector 63A, Gurugram.
- TARC Limited is well-equipped to navigate the evolving market landscape with a strong presales performance and successful management of financial obligations.