Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of TARC Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 94 | 135 | 63 | 30 | 9 | 9 | 8 | 4 | 9 | 12 | 76 | 7 | 38 |
| Expenses + | 80 | 97 | 22 | 39 | 4 | 14 | 23 | 29 | 21 | 95 | 196 | 43 | 57 |
| Operating Profit | 14 | 38 | 41 | -9 | 6 | -4 | -15 | -24 | -11 | -84 | -120 | -36 | -18 |
| OPM % | 15% | 28% | 65% | -32% | 60% | -43% | -178% | -566% | -120% | -708% | -159% | -519% | -47% |
| Other Income + | 15 | 1 | 2 | 5 | 2 | 1 | 1 | 1 | 2 | 2 | 219 | 27 | 4 |
| Interest | 24 | 29 | 34 | 12 | 35 | 42 | 13 | 49 | 19 | 25 | 15 | 11 | 11 |
| Depreciation | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 4 | 8 | 7 | -18 | -28 | -47 | -28 | -76 | -31 | -109 | 81 | -22 | -28 |
| Tax % | 67% | 82% | 5% | -106% | 18% | 10% | 11% | -11% | -8% | -4% | 33% | -28% | -24% |
| Net Profit + | 1 | 2 | 7 | 1 | -33 | -52 | -31 | -67 | -29 | -105 | 54 | -16 | -21 |
| EPS in Rs | 0.04 | 0.05 | 0.24 | 0.04 | -1.13 | -1.75 | -1.04 | -2.28 | -0.97 | -3.54 | 1.84 | -0.53 | -0.71 |
Financials of TARC Ltd
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 137 | 191 | 251 | 369 | 111 | 34 | 133 |
| Expenses + | 112 | 191 | 435 | 205 | 133 | 167 | 391 |
| Operating Profit | 25 | -0 | -184 | 164 | -22 | -133 | -258 |
| OPM % | 19% | -0% | -74% | 44% | -20% | -395% | -194% |
| Other Income + | 72 | 30 | 50 | 2 | 4 | 5 | 253 |
| Interest | 25 | 21 | 86 | 117 | 62 | 106 | 62 |
| Depreciation | 8 | 8 | 9 | 7 | 6 | 9 | 10 |
| Profit before tax | 65 | 1 | -229 | 41 | -86 | -243 | -77 |
| Tax % | 18% | -563% | 1% | 50% | -10% | -5% | |
| Net Profit + | 53 | 6 | -233 | 20 | -77 | -231 | -87 |
| EPS in Rs | 0.21 | -7.89 | 0.69 | -2.61 | -7.84 | -2.94 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of TARC Ltd
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 59 | 59 | 59 | 59 | 59 | 59 | 59 |
| Reserves | 1,499 | 1,505 | 1,273 | 1,293 | 1,216 | 984 | 1,022 |
| Borrowings + | 1,298 | 1,321 | 1,179 | 1,386 | 1,393 | 1,954 | 1,962 |
| Other Liabilities + | 471 | 521 | 468 | 428 | 796 | 1,217 | 1,505 |
| Total Liabilities | 3,327 | 3,407 | 2,979 | 3,166 | 3,463 | 4,214 | 4,548 |
| Fixed Assets + | 1,564 | 1,662 | 1,053 | 1,066 | 1,107 | 1,215 | 1,272 |
| CWIP | 73 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 138 | 138 | 68 | 68 | 68 | 68 | 58 |
| Other Assets + | 1,552 | 1,607 | 1,858 | 2,032 | 2,289 | 2,931 | 3,218 |
| Total Assets | 3,327 | 3,407 | 2,979 | 3,166 | 3,463 | 4,214 | 4,548 |
Financials of TARC Ltd
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 116 | 144 | -81 | -81 | 158 | 43 |
| Cash from Investing Activity + | 17 | 23 | 367 | 75 | -39 | -68 |
| Cash from Financing Activity + | -143 | -161 | -279 | 96 | -166 | 14 |
| Net Cash Flow | -9 | 6 | 7 | 89 | -47 | -11 |
| Free Cash Flow | 66 | 161 | 280 | -12 | 117 | 6 |
| CFO/OP | 457% | -63,382% | 38% | -41% | -752% | -46% |
Financials of TARC Ltd
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 8 | 32 | 7 | 9 | 20 | 107 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 8 | 32 | 7 | 9 | 20 | 107 |
| Working Capital Days | 368 | 263 | -516 | 760 | 1,218 | 1,121 |
| ROCE % | 1% | -5% | 6% | -1% | -5% |