Landmark Cars Limited submitted exchange transcript of Earnings Conference Call held on May 29, 2025 at 05:30 PM to discuss the audited (standalone & consolidated) financial results for the quarter and year ended March 31, 2025. Disclosure is attached herewith.
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Landmark Cars reported Q4 FY25 proforma revenue of Rs 1,526 crore (up 17.4% YoY) and full-year FY25 revenue of Rs 5,626 crore (up 20.9% YoY), significantly outpacing industry growth of 5%. The company opened 23 of 24 planned new outlets, with new brands (BYD, MG, Kia, Mahindra) contributing ~21% to proforma sales. Q4 EBITDA stood at Rs 60.8 crore (5.57% margin) and full-year PAT (before Ind AS impact) was Rs 25.8 crore vs Rs 62.9 crore in FY24, hit by missed Mercedes targets, new brand discounting, and upfronting of costs for new outlets. Management declared a dividend of Rs 0.50 per share and generated Rs 152 crore in operating cash flow, the best since listing.
Near-term margins remain under pressure due to new outlet ramp-up and Mercedes variable earnings miss, but management guided for gross margin recovery to 18-19% (from current 16.5%) and a 10% reduction in employee and other costs as % of revenue in FY26, supporting an earnings turnaround story for shareholders.