Landmark Cars Limited has informed the exchange regarding the outcome of Board Meeting held on May 26, 2026, and submitted Audited Standalone and Consolidated Financial results for the ....
LANDMARK · price
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Landmark Cars Limited reported audited consolidated results for FY2026 with Revenue from Operations of Rs 18,962.29 million and Profit After Tax of Rs 380.62 million, representing a 119.65% PAT growth compared to Rs 173.37 million in FY2025. The company received unmodified (clean) audit opinions from MSKC & Associates. Key board decisions include recommending a final dividend of Rs 1.50 per share (30% payout), approving a scheme of amalgamation between the company and its wholly-owned subsidiary Landmark Cars (East) Private Limited, appointing Ernst & Young LLP as internal auditor for FY2027, and granting 37,000 stock options to employees under ESOP 2023. The company also approved a reclassification request from a promoter group member. Consolidated operating cash flow remained strong at Rs 2,674.69 million.
Strong PAT growth of ~120% and positive cash generation indicate operational strength. The clean audit and recommended dividend are positive for shareholders. The amalgamation will simplify the group structure, though the Mercedes-Benz transition to agency model continues to impact revenue recognition.