Q2 FY26 Loss Narrows; Auditor Flags Rs 35 Crore Recoverable
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Landmark Property Development's Q2 FY26 total income was Rs 16.62 lacs, down from Rs 32.08 lacs a year ago. Net loss narrowed sharply to Rs 3.27 lacs (vs Rs 387.50 lacs loss in Q2 FY25). H1 FY26 net loss was Rs 3.95 lacs (vs Rs 381.77 lacs). Auditor V. Sankar Aiyar issued an unmodified limited review but flagged an Emphasis of Matter on Rs 35.26 crore space booking advances recoverable from Ansal Landmark (Karnal) Township, net of Rs 16 crore provision.
Losses narrowed sharply year-on-year but Q2 revenue declined. Emphasis of Matter on large recoverable advances remains the key risk.