Outcome of the Board Meeting held on 26th May 2026 to consider and approve the audited financial results for the period ended 31st March 2026.
LPDC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Landmark Property Development Company Ltd reported a significant turnaround in FY2026 with total income of Rs. 816.41 lakhs, up 362% from Rs. 176.58 lakhs in the previous year. The company swung from a net loss of Rs. 372.15 lakhs to a net profit of Rs. 149.42 lakhs. Earnings per share improved from Rs. -0.28 to Rs. 0.11. The auditor's report is unmodified but includes an Emphasis of Matter paragraph regarding Rs. 3,511.15 lakhs in advances recoverable from Eterna Living Pvt. Ltd., with a provision of Rs. 1,600 lakhs retained. A refund and settlement agreement was executed with ELPL for refund by September 2026.
The company showed strong recovery with multi-fold revenue growth and return to profitability, which is positive for shareholders. However, the Emphasis of Matter on recoverability of advances from a related party indicates some risk that investors should monitor.