Landmark Cars Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Landmark Cars Limited reported audited consolidated results for FY2026 with revenue from operations of Rs 48,254.98 million, up 19.5% from Rs 40,387.71 million in FY2025. Consolidated PAT grew significantly to Rs 380.62 million from Rs 173.37 million, a jump of about 119.5%. The company recommended a final dividend of 30% (Rs 1.50 per share) for FY2025-26. Key highlights include a scheme of amalgamation between Landmark Cars Limited and its wholly-owned subsidiary Landmark Cars (East) Private Limited, appointment of Ernst & Young LLP as internal auditor for FY2026-27, grant of 37,000 stock options to employees, and a promoter reclassification request. Mercedes-Benz India dealership shifted to an agency model where the company earns commission on sales instead of recording full sales value.
Strong bottom-line growth with PAT nearly doubling year-on-year reflects operational efficiency improvements. The amalgamation scheme may simplify the group structure. The dividend and ESOP grants indicate management confidence. Unmodified audit opinions with no going concern issues are reassuring for investors.