Landmark Cars Limited submitted audited financial results for the Quarter And Year Ended March 31, 2026.
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Landmark Cars Limited reported strong FY2026 results with consolidated revenue from operations growing 20.6% to ₹48,544 million from ₹40,255 million in FY2025. Net profit more than doubled to ₹381 million compared to ₹173 million in the prior year, representing a 120% YoY increase. EBITDA margin expanded to 5.69% from 3.90% in FY25, reflecting improved operational efficiency. The company declared a final dividend of 30% (₹1.50 per share of ₹5 face value). Exceptional items of ₹35.82 million were recorded due to new labour code impact (₹19.27 million) and closure/relocation of non-viable dealership outlets. The board approved a scheme of amalgamation of wholly-owned subsidiary Landmark Cars (East) Private Limited with the parent company. Mercedes-Benz India dealership transitioned to an agency model effective November 2025, under which the company earns commission income instead of recording full sales value.
The company delivered robust growth with profit doubling and margin expansion, indicating operational improvements. The dividend declaration and expansion of profit signal positive shareholder returns. However, the dealership model transition for Mercedes-Benz and exceptional items from store closures should be monitored for ongoing impact.