Audited Financial Results
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Landmarc Leisure Corporation reported a net loss of Rs. 65.41 Lakhs for FY2026 compared to a profit of Rs. 25.47 Lakhs in FY2025. Revenue from operations declined significantly to Rs. 35.65 Lakhs from Rs. 115.47 Lakhs. The auditors issued a modified opinion citing four key concerns: (1) interest-free loans of Rs. 455.87 Lakhs without regularized documents, (2) non-provision for doubtful debts of Rs. 2,218.28 Lakhs from SKM Real Infra which is under IBC resolution, (3) non-provision for doubtful security deposit of Rs. 1,500 Lakhs from SRUIL which is in liquidation, and (4) non-compliance with Ind AS 19 for actuarial valuation of gratuity. The company has negative other equity of Rs. 5,415.55 Lakhs indicating accumulated losses. Management stated it will shift focus from wellness activities to films, media and TV channel business. The company raised Rs. 19.98 Crore via preferential issue in October 2025.
The company faces significant financial stress with substantial doubtful receivables totaling over Rs. 4,170 Lakhs, negative equity, and declining revenues. The modified auditor opinion and accumulated losses raise serious going concern risks for shareholders.