Landmark Cars Limited has submitted exchange the extract of Standalone and Consolidated Unaudited Financial Result of the Company for the quarter ended June 30, 2025, published in Financial Express in English and Gujarati edition on August 13, 2025.
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Awaiting price reaction for this filing.
Landmark Cars Limited has informed the stock exchanges that the extract of its standalone and consolidated unaudited financial results for the quarter ended June 30, 2025 was published in the Financial Express (English and Gujarati editions) on August 13, 2025, as required under SEBI LODR Regulation 47. The detailed results were reviewed by the Audit Committee and approved by the Board on August 12, 2025, with Chairman and Executive Director Sanjay Thakker signing off. A material note in the results highlights that the dealership agreement between the Parent/Landmark Cars East Pvt Ltd (LCEPL) and Mercedes-Benz India Pvt Ltd (MBIL) has been converted into an agency model, under which MBIL now sells cars directly to customers while Parent and LCEPL earn commission per sale. The full numerical extract for Landmark Cars could not be clearly read from the submitted newspaper image due to character encoding issues, but the complete results are available on NSE, BSE, and the company's website.
This is a routine regulatory disclosure of results that have already been filed with the exchanges, so direct share-price impact is limited. However, the shift of the Mercedes-Benz business to an agency model is a meaningful business change — Landmark will now earn commission income on each MBIL sale instead of full dealership revenue, which will likely reduce reported revenue and gross profit but may improve margin quality and reduce working-capital intensity going forward.