Latest News | Realty Firm TARC Posts Rs 1.52 Cr Profit in Q4; Revenue Jumps 3-fold to Rs 135.53 Cr

New Delhi, May 31 (PTI) Realty firm TARC Ltd has reported a consolidated net profit of Rs 1.52 crore for the fourth quarter ended March 2023.

Its net loss stood at Rs 242.74 in the year-ago period.

Also Read | Greenland Glaciers and Ice Caps Are Melting Three Times Faster Than 20th Century, Finds Concerning Study.

Its total income rose to Rs 135.53 crore in the fourth quarter of the last fiscal from Rs 42.43 crore a year ago, according to a regulatory filing.

During the full 2022-23 fiscal, TARC posted a net profit of Rs 20.36 crore against a net loss of Rs 232.75 crore in FY22.

Also Read | RBI To Introduce Expected Loss Approach for Bad Loan Provisioning in 2023-24.

The total income rose to Rs 374.66 crore in the last fiscal from Rs 300.68 crore in 2021-22.

On the operational front, the Delhi-based realty firm achieved sales bookings of Rs 520 crore in the last fiscal against a target of Rs 400 crore.

The company is developing many projects in the Delhi-NCR market.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)