Landmark Cars shares jump 17.5% to six-month high after record June-quarter sales

Landmark Cars shares jumped 17.5% to a six-month high of about Rs 496.70 after the company posted its highest-ever first-quarter sales, with revenue from operations rising 22.47% year-on-year to Rs 1,733 crore. Vehicle sales climbed 24.15% YoY to Rs 1,465 crore while after-sales services revenue grew 14.04% to Rs 268 crore. The company guided to sustained sales momentum, citing upcoming model launches from Mercedes-Benz, BYD, MG, Mahindra and Mahindra, Honda, and Kia.