New Delhi: Luxury residential real estate developer TARC Ltd reported a sharp rise in total income to ₹671.78 crore in FY26, from ₹38.89 crore in the previous year.The company also swung to a profit after tax of ₹19.03 crore last fiscal year, from a year-earlier loss of ₹231.29 crore. It commenced handovers at Tripundra, which was launched in FY23. The project has a total gross development value of around ₹1,000 crore.With revenue recognition started during the March quarter, the gross margin at the project level of 45% would flow through progressively into consolidated financials, the company said.TARC's project in central Delhi, Kailasa, currently has a total gross development value of ₹4,400 crore.It also expanded the development footprint of the Ishva project in Gurugram through the sixth and tallest tower, boosting gross development value to about ₹3,600 crore."The commencement of revenue recognition at TARC Tripundra during Q4 FY2026 marks a key inflection point, strengthening profitability and financial performance visibility," said Amar Sarin, managing director and CEO, TARC."Looking ahead, we remain focused on disciplined execution, phased launches and expansion of our luxury and ultra-luxury pipeline."The luxury residential market in Delhi and Gurugram continues to exhibit strong structural demand, supported by constrained supply of high-quality developments, increasing preference for amenity-led community living and growing buyer inclination toward trusted and institutional developers.Despite global headwinds, India's long-term economic growth outlook, supported by infrastructure investments, rising wealth creation and increasing global economic integration continues to strengthen demand for differentiated luxury residential developments.