Landmark Property Development Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Landmark Property Development Company reported a strong turnaround in FY2026, with total income jumping to Rs. 816.41 lakhs from Rs. 176.58 lakhs in the previous year—a growth of over 360%. The company posted a net profit of Rs. 149.42 lakhs compared to a net loss of Rs. 372.15 lakhs in FY2025. EPS improved from negative Rs. 0.28 to positive Rs. 0.11. The auditor issued an unmodified opinion but included an Emphasis of Matter regarding Rs. 3,511.15 lakhs in advances recoverable from Eterna Living Pvt. Ltd., with a provision of Rs. 1,600.00 lakhs retained. A refund and settlement agreement was executed in March 2026 for recovery by September 2026. The company also faces a contingent liability of Rs. 118.95 lakhs related to mining demands.
The company has significantly improved its financial position with strong revenue growth and return to profitability, which is positive for shareholders. However, the emphasis of matter on recoverable advances and contingent mining liabilities introduce some uncertainty that investors should monitor.