Fiancial result for the quater ended December 31, 2025
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Awaiting price reaction for this filing.
Landmarc Leisure Corporation reported a net loss of Rs. 19.41 lakhs for Q3 FY26, widening from a loss of Rs. 17.48 lakhs in the same quarter last year. For the nine months ended December 2025, the net loss deepened sharply to Rs. 69.70 lakhs versus Rs. 27.44 lakhs a year ago, while total income from operations collapsed to Rs. 10.77 lakhs from Rs. 50.78 lakhs previously. The statutory auditor (SKHD & Associates) issued a Qualified Conclusion, flagging concerns including Rs. 466.60 lakhs in undocumented interest-free loans to four parties, unprovided deposits of Rs. 2,218.28 lakhs with SKM Real Infra (under IBC resolution) and Rs. 1,500 lakhs with Shree Ram Urban Infrastructure (under liquidation), and the absence of an actuarial valuation for gratuity as required by Ind AS 19. The company also completed a preferential issue on October 6, 2025 raising Rs. 19.98 crore, and redeemed 2.54 lakh preference shares worth Rs. 254 lakhs during the quarter.
Shareholders face worsening losses, a qualified audit report, and significant unrecovered deposits with two parties now in insolvency, which together signal material accounting and recovery risks. The stock is likely to see negative sentiment given the deteriorating financials and auditor qualifications, though the freshly raised preferential funds may provide short-term liquidity for the planned content library and media business pivot.