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Latest filing: 2026-09-28 19:19
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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
29 announcements match the current filters (relevance ≥ 5).
Landmark Cars Expands Footprint Adding 2 Outlets for BYD & M&M, Total Network Hits 143
Landmark Cars Limited announced the addition of a new BYD facility in Noida and a Mahindra & Mahindra showroom on EM Bypass, Kolkata. Following these additions, the company's network expands to 12 outlets for Mahindra & Mahindra and 11 outlets for BYD, bringing its total national footprint to 143 outlets. Notably, the EV portfolio contributed approximately 30% of Landmark's new car sales revenue in Q1 FY27, with BYD and M&M being primary EV drivers. This gradual footprint growth aligns with the company's strategy to scale higher-margin EV and mass-premium retail operations.
Confidence: HIGH
What changedLandmark Cars added two retail facilities: a BYD outlet in Noida and an M&M showroom in Kolkata.
Why it mattersThe additions strengthen Landmark's EV distribution reach, supporting its target of expanding EV revenue share, which reached ~30% in Q1 FY27.
Total outlets across India: 143M&M outlets count: 12BYD outlets count: 11EV share of new car sales (Q1 FY27): around 30%
📅 Short termIncremental positive sentiment as the company continues executing network expansion in key EV partner brands.
📈 Long termSupports the company's structural pivot towards faster-growing EV adoption and mass-premium brands, aiding margin expansion and after-sales service revenue over multi-year horizons.
⚠ Risk flags
- Dependence on OEM brand reception and production schedules
- Inventory carrying costs at newly launched facilities
Key Highlights
New BYD facility opened in Noida and a Mahindra & Mahindra showroom launched in Kolkata
Increases network to 12 M&M outlets and 11 BYD outlets across India
Overall retail network expands to 143 outlets across India
EV portfolio contributed approximately 30% of new car sales revenue in Q1 FY27
👀 What to Watch
Monitor upcoming quarterly filings to track EV sales contribution and volume ramp-up from the newly opened Noida and Kolkata outlets.
Landmark Cars Partners with OLX India to Launch Phygital Pre-Owned Car Platform
Landmark Cars Limited has entered into a strategic partnership with CarTrade Tech's OLX India to launch a co-branded phygital pre-owned car buying and selling platform. The initiative will integrate Landmark's physical network of over 140 retail and service touchpoints across 12 states with OLX India's digital platform, which caters to over 23 million used car buyers and sellers annually. Transactions and vehicle acquisitions will be conducted on a revenue-sharing basis, with physical Landmark outlets acting as 'Experience Centres' for vehicle inspections, certification, and after-sales support. Specific financial commitments, capex requirements, and revenue split terms were not disclosed in the filing.
Confidence: HIGH
What changedLandmark Cars has officially partnered with OLX India (CarTrade Tech) to establish a joint phygital pre-owned vehicle retail model.
Why it mattersProvides Landmark access to an asset-light funnel of 23 million used car consumers without heavy physical customer acquisition costs, aiding its margin-accretive after-sales and used-car strategy.
Landmark retail & service touchpoints: over 140States covered by Landmark: 12OLX India annual used car users: more than 23 millionLandmark historical customer count: over 500,000
📅 Short termSentiment-positive announcement that broadens Landmark's distribution reach, though near-term financial impact will depend on the speed of city-level rollouts.
📈 Long termStrategically aligns with Landmark's goal to scale its high-margin pre-owned car sales and after-sales ecosystem, leveraging OLX's dominant online used-car traffic.
⚠ Risk flags
- Execution risk across multi-city phased rollouts
- Commercial revenue-sharing percentages and capex obligations not disclosed
- OEM discounting in new cars impacting used-car price realizations
Key Highlights
Integrates Landmark's 140+ touchpoints across 12 states with OLX India's 23+ million annual used car users
Vehicles will be acquired and sold under a co-branded model on a revenue-sharing basis
OLX India brings VAYA AI for digital pricing and matchmaking, while Landmark provides physical inspection and after-sales service
Rollout planned in phases, starting with select key cities before expanding Pan-India
👀 What to Watch
Monitor upcoming quarterly commentary for initial traction metrics in pilot cities and clarity on unit economics or revenue-sharing terms.
Landmark Cars Q1 FY27 Concall: Pro Forma Revenue Up >22% YoY, EVs Form 30% of Sales Value
Landmark Cars released the transcript of its Q1 FY27 earnings conference call. Pro forma revenue from operations grew over 22% YoY (approx. 19% volume growth and 3% price growth), while profit after tax nearly doubled driven by operating leverage and cost control. Electric vehicles accounted for 30% of sales by value, with management noting that EV aftersales revenue shows higher revenue per vehicle due to higher mileage and accident repair costs. The company also signed an MoU with ChargeZone for revenue sharing on EV charging and expanded its MG network to 17 outlets via a new LOI in Ahmedabad.
Confidence: HIGH
What changedSubmission of the complete earnings conference call transcript for Q1 FY27 providing granular operational and segment-level details.
Why it mattersDemonstrates healthy volume expansion (+19%), rising ASPs in luxury segments, and debunks concerns of EV adoption diluting aftersales service revenue.
Pro Forma Revenue Growth (YoY): >22%EV Share of Sales by Value: 30%Mercedes-Benz Average Selling Price: INR 79 lakhQuarterly Lease Amortization Cost: INR 19 CrEBITDA Margin Target/Current: 5.8%
📅 Short termPositive operational momentum and steady premium demand supported by festive/GST tailwinds are likely to sustain healthy quarterly volume growth.
📈 Long termHigher EV penetration, network expansion across mass-premium brands (MG, BYD, Kia), and rising annuity-like aftersales revenue support structural ROCE expansion.
⚠ Risk flags
- Client concentration with Mercedes-Benz representing ~42% of proforma revenues
- OEM supply chain bottlenecks and dependence on brand product cycles
Key Highlights
Pro forma revenue from operations grew >22% YoY with volume growth estimated at ~19%
Electric vehicles represented 30% of total vehicle sales by value during the quarter
Mercedes-Benz average selling price increased to ~INR 79 lakh in Q1 FY27 from INR 73 lakh in Q4 FY26
Signed an industry-first revenue-sharing MoU with ChargeZone for EV charging infrastructure
Received an LOI for a new MG showroom in Ahmedabad, expanding the MG network to 17 outlets
👀 What to Watch
Track the ramp-up of after-sales revenue from new workshops (targeting INR 1,000 Cr annual aftersales) and new model launches across OEM partners (MG, BYD Denza, Mahindra).
97.5% PAT Growth in Q1 FY27; EV Sales Reach 30% of New Car Revenue
Landmark Cars reported a strong Q1 FY27 with proforma revenue growing 22.4% YoY to ₹1,732.5 cr. Net profit (PAT) surged 97.5% YoY to ₹14.5 cr, although EBITDA margins saw a slight contraction to 5.78% from 6.23% in the previous year. A significant shift is visible in the product mix, with the EV portfolio now contributing ~30% of new car sales revenue. The high-margin after-sales business remains resilient, contributing ₹267 cr in revenue with an average service revenue per car of ₹27,172.
Confidence: HIGH
What changedLandmark Cars reported its Q1 FY27 results, highlighting a major surge in PAT and a strategic pivot where EVs now account for nearly one-third of new car revenue.
Why it mattersThe results demonstrate the company's ability to grow despite OEM-level disruptions and prove the profitability of the EV transition, which was previously a point of investor concern regarding maintenance revenue.
Q1 FY27 Proforma Revenue: ₹1,732.5 crQ1 FY27 PAT: ₹14.5 crRevenue vs TTM Revenue: ~47.1%EV Revenue Contribution: 30%Per Car Service Revenue: ₹27,172
📅 Short termThe stock may react positively to the 97.5% PAT growth and the strong top-line performance which represents nearly half of the previous TTM revenue in a single quarter.
📈 Long termThe structural shift toward a high-margin after-sales 'engine' and a successful EV transition (supported by charging partnerships) positions the company well for premiumization in the Indian auto retail market.
⚠ Risk flags
- EBITDA margin compression (down 45 bps YoY)
- High brand concentration with Mercedes-Benz contributing 41% of revenue
- Dependency on OEM production and regulatory interpretations of GST/Cess
Key Highlights
Proforma revenue increased 22.4% YoY to ₹1,732.5 cr for the quarter ended June 30, 2026
Net Profit (PAT) grew by 97.5% YoY to ₹14.5 cr, representing a significant bottom-line recovery
EV portfolio contribution reached ~30% of new car sales revenue in Q1 FY27
After-sales revenue crossed ₹267 cr for the quarter, maintaining a high gross margin profile of ~41.2% (FY26 basis)
Network expanded to 141 total outlets across 29 cities, including 77 sales showrooms and 64 workshops
👀 What to Watch
Watch for the stabilization of EBITDA margins in upcoming quarters and the execution of the new revenue-sharing partnership with ChargeZone for EV charging. Monitor if the higher after-sales revenue per EV (reported at +45% vs ICE for specific brands) holds as the EV fleet ages.
Landmark Cars Sets Sept 17 Dividend Record Date; Grants 2,000 ESOP Options
Landmark Cars Limited has approved its Q1 FY27 financial results and scheduled its 20th Annual General Meeting (AGM) for September 24, 2026. The company has fixed September 17, 2026, as the record date for determining dividend eligibility. Key board changes include the reappointment of two independent directors and the addition of Ms. Rita Teaotia as an Independent Director. Additionally, the company announced a small grant of 2,000 ESOP options.
Confidence: HIGH
What changedThe company has finalized its AGM schedule, dividend record date, and updated its board composition with reappointments and a new independent director.
Why it mattersThese are routine governance and compliance actions that ensure leadership continuity and facilitate the distribution of dividends to shareholders.
Dividend Record Date: September 17, 2026AGM Date: September 24, 2026ESOP Options Granted: 2,000Independent Director Term (Manish Chokhani): 3 yearsIndependent Director Term (Gautam Trivedi): 5 years
📅 Short termThe stock may see routine activity around the dividend record date and the analysis of the Q1 FY27 earnings results.
📈 Long termBoard stability is maintained through the reappointment of experienced directors, which is a positive sign for long-term governance.
Key Highlights
Record date for dividend payment fixed as September 17, 2026
20th Annual General Meeting scheduled for September 24, 2026
Grant of 2,000 options under the company's ESOP scheme
Reappointment of Mr. Manish Chokhani as Independent Director for a 3-year term
Appointment of Ms. Rita Teaotia as Additional Independent Director effective August 11, 2026
👀 What to Watch
Investors should review the Q1 FY27 financial results for operational performance and ensure shareholding by September 17, 2026, to qualify for the dividend.
Landmark Cars Re-appoints Key Directors; Sets Sept 17 as Dividend Record Date
Landmark Cars Limited has approved its financial results for the quarter ended June 30, 2026, and fixed September 17, 2026, as the record date for dividend payments. The board has re-appointed Manish Chokhani and Gautam Trivedi as Independent Directors for terms of 3 and 5 years respectively, effective October 2026. Additionally, the company appointed Rita Teaotia, a former IAS officer and Commerce Secretary, as an Additional Independent Director. A strategic MoU was also signed with Tecso Charge Zone to provide EV charging benefits to customers, aligning with the company's expansion into the EV segment.
Confidence: HIGH
What changedThe company has secured board continuity by re-appointing two independent directors and strengthened its governance profile by adding a former senior government official to the board.
Why it mattersBoard stability and the addition of regulatory expertise (via Rita Teaotia) are crucial for a company navigating complex OEM relationships and regulatory environments like GST/Cess interpretations.
Dividend Record Date: September 17, 2026ESOPs Granted: 2,000 unitsDirector Term (Manish Chokhani): 3 yearsDirector Term (Gautam Trivedi): 5 yearsMarket Cap: Rs 2645 Cr
📅 Short termThe stock may see routine activity around the dividend record date and the market's reaction to the Q1 FY27 earnings performance.
📈 Long termThe appointment of high-profile independent directors and the focus on EV infrastructure (MoU with Charge Zone) support the company's long-term goal of 25-30% growth and premium brand expansion.
Key Highlights
Re-appointment of Manish Chokhani as Independent Director for a 3-year term starting October 28, 2026
Re-appointment of Gautam Trivedi as Independent Director for a 5-year term starting October 28, 2026
Appointment of Rita Teaotia (ex-IAS) as Additional Independent Director effective August 11, 2026
Dividend record date fixed for September 17, 2026, with the AGM scheduled for September 24, 2026
Grant of 2,000 ESOPs to eligible employees under the Landmark ESOP Plan - 2023
👀 What to Watch
Investors should monitor the detailed Q1 FY27 financial results for margin trends and track the execution of the EV charging partnership as part of the company's broader EV strategy.
Landmark Cars Sets Sept 17 as Dividend Record Date; Signs EV Charging MoU
Landmark Cars Limited has finalized September 17, 2026, as the record date for its upcoming dividend payment following its 20th AGM scheduled for September 24. The company has significantly strengthened its board by appointing Ms. Rita Teaotia (former Commerce Secretary) as an Independent Director and re-appointing Manish Chokhani and Gautam Trivedi. Strategically, the company entered into an MoU with Tecso Charge Zone Limited to provide EV charging benefits to customers, supporting its growth strategy in the electric vehicle segment. Additionally, the board approved the grant of 2,000 ESOPs to eligible employees.
Confidence: HIGH
What changedThe company has formalized its dividend timeline, refreshed its board with high-profile independent directors, and initiated a customer-facing EV infrastructure partnership.
Why it mattersHigh-quality board appointments enhance corporate governance, while the EV charging MoU aligns with the company's strategy to scale its BYD and premium EV portfolio.
Dividend Record Date: September 17, 2026ESOPs Granted: 2,000 unitsAGM Date: September 24, 2026Independent Director Term (Chokhani): 3 yearsIndependent Director Term (Trivedi): 5 years
📅 Short termThe stock may see minor activity around the dividend record date; however, the primary driver will be the Q1 FY27 earnings performance.
📈 Long termThe addition of experienced independent directors and the focus on EV infrastructure are positive structural steps for long-term governance and market positioning.
⚠ Risk flags
- Dependency on OEM production schedules
- Regulatory changes in GST/Cess impacting luxury car sales
Key Highlights
Record date for dividend eligibility fixed as September 17, 2026.
Appointment of Ms. Rita Teaotia, a former IAS officer with 41 years of experience, as an Independent Director for 3 years.
MoU signed with Tecso Charge Zone Limited to provide wallet credits and EV charging benefits to customers.
Grant of 2,000 stock options under the Landmark Employee Stock Option Plan - 2023.
Re-appointment of Manish Chokhani and Gautam Trivedi as Independent Directors for terms of 3 and 5 years respectively.
👀 What to Watch
Investors should monitor the detailed Q1 FY27 financial results for margin trends and track the execution of the EV charging partnership as part of the company's premium brand expansion.
Landmark Cars to Open 17th MG Motor Outlet in Ahmedabad via New MG Experia Showroom
Landmark Cars has received a Letter of Intent (LoI) from JSW MG Motor India to open a new MG Experia showroom in Vastral, Ahmedabad. This will be the company's 17th MG Motor outlet and its 2nd MG sales outlet in Ahmedabad, a core market where the company has operated for 27 years. The expansion aligns with Landmark's strategy to deepen its brand portfolio with high-growth partners like MG, which is a key player in the new energy vehicle segment. While specific capex was not disclosed, this move supports the company's stated 25-30% growth target and its focus on premium automotive retail.
Confidence: HIGH
What changedLandmark Cars has secured approval to expand its MG dealership footprint in Gujarat, adding a new sales-focused 'Experia' outlet to its existing network.
Why it mattersThis expansion strengthens Landmark's partnership with JSW MG Motor India and increases its exposure to the premium and EV segments, which are critical for achieving its 'After-Sales Engine' revenue target of ₹1,000 Cr.
Total MG Outlets: 17MG Sales Outlets in Ahmedabad: 2Total Showrooms (Q2 FY26): 75TTM Revenue: ₹2764 CrTarget Growth Rate: 25-30%
📅 Short termThe announcement is likely to be viewed positively as it demonstrates continued execution of the company's geographic and brand expansion strategy in a key market.
📈 Long termThis is part of a broader structural shift to increase the contribution of premium and EV brands like MG and BYD, which are expected to drive higher margins and service revenue over the next 3-5 years.
⚠ Risk flags
- Dependency on OEM (JSW MG Motor) production and new model launch timelines
- Execution risk in a competitive premium retail market
Key Highlights
Received Letter of Intent for the 17th MG Motor outlet in the company's total portfolio
New MG Experia showroom marks the 2nd MG sales outlet specifically in the Ahmedabad market
Expansion supports the company's long-term growth target of 25-30%
Landmark currently operates a network of 75 showrooms and 65 workshops as of Q2 FY26
The outlet will be established through Aeromark Cars Private Limited, a 100% owned subsidiary
👀 What to Watch
Investors should track the operational timeline for this new outlet and monitor if the company achieves its targeted 100 bps gross margin improvement in H2 FY26 through such premium brand expansions.
22.5% YoY Revenue Growth: Landmark Cars Reports Highest-Ever Q1 Sales of ₹1,733 Cr
Landmark Cars reported a strong start to FY27, achieving its highest-ever first-quarter proforma revenue of ₹1,733 Cr, a 22.47% increase YoY. Growth was primarily driven by vehicle sales, which rose 24.15% to ₹1,465 Cr, supported by new model deliveries including the Mercedes-Benz CLA and MG Majestor. The high-margin after-sales segment also grew 14.04% to ₹268 Cr as new workshops stabilized. Management noted improved supply from BYD and expects further momentum from upcoming launches across Mercedes-Benz, MG, and KIA.
Confidence: HIGH
What changedThe company has transitioned from supply-constrained quarters to a period of record sales, bolstered by a stabilized supply of BYD vehicles and successful new model launches.
Why it mattersStrong growth in the premium and luxury segments (Mercedes-Benz, BYD) validates the company's strategy of focusing on high-growth partners and the high-margin after-sales 'engine'.
Q1FY27 Proforma Revenue: ₹1,733 CrYoY Revenue Growth: 22.47%Vehicle Sales Revenue: ₹1,465 CrAfter-sales Revenue: ₹268 CrQ1 Proforma Revenue vs TTM Revenue: ~62.7%
📅 Short termThe stock is likely to react positively to the record-breaking Q1 sales figures and the outlook for improved supply and new launches.
📈 Long termThe continued expansion of workshop capacity and the shift toward high-growth brands like BYD and KIA support the company's 25-30% growth target over the next 3-5 years.
⚠ Risk flags
- Dependency on OEM production schedules
- Proforma revenue includes agency sales which may differ from statutory revenue reporting
- Regulatory risks regarding GST/Cess interpretations
Key Highlights
Proforma revenue from operations grew 22.47% YoY to ₹1,733 Cr in Q1FY27.
Vehicle sales (including agency and pre-owned) increased 24.15% YoY to ₹1,465 Cr.
After-sales service and spare parts revenue rose 14.04% YoY to ₹268 Cr.
Reported highest-ever first-quarter sales in the company's history.
Supply of BYD cars improved in Q1 with further improvement expected in Q2FY27.
👀 What to Watch
Investors should monitor the upcoming full Q1 results to see how this proforma revenue translates into statutory PAT, specifically focusing on the 100 bps gross margin improvement target previously set for H2 FY26.
Landmark Cars FY26 PAT Jumps 120% to ₹38 Cr; After-Sales Revenue Crosses ₹1,000 Cr Milestone
Landmark Cars reported a robust FY26 performance with proforma revenue growing 19% YoY to ₹6,719 crore, outpacing the industry growth of 13%. A major milestone was achieved as after-sales revenue crossed ₹1,000 crore, contributing to the highest-ever annual EBITDA of ₹283 crore. Net profit for the year surged 120% to ₹38 crore, while Q4 FY26 PAT saw a massive 758% YoY increase to ₹15 crore. The company is now entering a consolidation phase to optimize existing assets and has increased its dividend to ₹1.5 per share.
Key Highlights
FY26 proforma revenue grew 19% YoY to ₹6,719 crore, driven by 21% growth in new car sales.
After-sales revenue reached ₹1,051 crore, crossing the ₹1,000 crore milestone for the first time.
EV penetration stands at 21% of total sales, significantly higher than the national average of 5%.
Average Selling Price (ASP) for Mercedes-Benz increased to ₹73 lakhs in Q4 FY26 from ₹69 lakhs in Q3.
Generated strong net operating cash flow of ₹267.5 crore with an operating cash flow to EBITDA ratio of 0.95.
👀 What to Watch
Investors should monitor the company's transition into an asset-optimization phase, which is expected to improve margins. The strong growth in the high-margin after-sales segment and high EV adoption provide a solid cushion for long-term profitability.
Landmark Cars Promoter Sanjay Thakker Acquires 13,600 Shares via Open Market
Mr. Sanjay Thakker, the Promoter of Landmark Cars Limited, has increased his stake by purchasing 13,600 equity shares from the open market on May 29, 2026. The company disclosed this transaction under SEBI (Prohibition of Insider Trading) Regulations, noting that the manual filing was necessary due to technical issues with the NEAPS portal's XBRL utility. Promoter buying is typically interpreted as a sign of confidence in the company's intrinsic value and future growth potential.
Key Highlights
Promoter Mr. Sanjay Thakker purchased 13,600 equity shares on May 29, 2026.
The transaction was carried out through the open market.
The disclosure was filed under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
The company reported technical challenges with the NEAPS Portal for XBRL filing, leading to this manual update.
👀 What to Watch
Investors should take note of this promoter buying as a positive sentiment indicator. While the volume is relatively small, it reflects management's confidence in the company's current valuation and long-term prospects.
Landmark Cars Recommends 30% Final Dividend and Approves Merger with Subsidiary
Landmark Cars Limited has announced its audited financial results for FY26, recommending a final dividend of Rs. 1.50 per share (30% of face value). The Board has approved a strategic merger with its wholly-owned subsidiary, Landmark Cars (East) Private Limited, to streamline corporate structure. Additionally, the company is granting 37,000 ESOPs to employees and has appointed Ernst & Young LLP as internal auditors. A promoter group member, Ms. Spruha Mehta, has also applied for reclassification to the public category.
Key Highlights
Recommended a final dividend of Rs. 1.50 per equity share (30% of face value) for FY 2025-26.
Approved the Scheme of Amalgamation of wholly-owned subsidiary Landmark Cars (East) Private Limited with the parent company.
Granted 37,000 stock options to eligible employees under the Landmark Employee Stock Option Plan - 2023.
Appointed Ernst & Young LLP as Internal Auditor for the financial year 2026-27.
Statutory auditors MSKC & Associates issued an unmodified opinion on the FY26 financial results.
👀 What to Watch
Investors should note the dividend yield and the potential operational efficiencies from the subsidiary merger. The appointment of a Big 4 firm as internal auditor and an unmodified audit report are positive signs of corporate governance.
Landmark Cars Approves Merger of Subsidiary and Recommends 30% Final Dividend
Landmark Cars Limited has approved the amalgamation of its wholly-owned subsidiary, Landmark Cars (East) Private Limited, into the parent company to streamline corporate structure and operations. The Board has also recommended a final dividend of Rs. 1.50 per equity share (30% of face value) for the financial year 2025-26. Additionally, the company released its audited FY26 financial results with an unmodified audit opinion and approved the grant of 37,000 stock options under its ESOP plan. The promoter group is also undergoing a minor change with the reclassification of one member to the public category.
Key Highlights
Approved the scheme of amalgamation of wholly-owned subsidiary Landmark Cars (East) Private Limited with the parent company.
Recommended a final dividend of 30% (Rs. 1.50 per share) for FY 2025-26, subject to shareholder approval.
Granted 37,000 stock options to eligible employees under the Landmark Employee Stock Option Plan - 2023.
Approved the reclassification of Ms. Spruha Mehta from the Promoter Group to the Public category.
Appointed Ernst & Young LLP as the Internal Auditor for the financial year 2026-27.
👀 What to Watch
Investors should benefit from the simplified corporate structure post-merger and the dividend payout; maintain a positive outlook while monitoring the regulatory approval process for the amalgamation.
Landmark Cars FY26: Rs 1.50 Dividend, Subsidiary Merger, and 37,000 ESOPs Granted
Landmark Cars Limited has announced its financial results for FY26, recommending a final dividend of Rs. 1.50 per share (30%). The company is simplifying its corporate structure by merging its wholly-owned subsidiary, Landmark Cars (East) Private Limited, into the parent entity. Additionally, the board approved the grant of 37,000 stock options to employees and appointed EY LLP as the internal auditor for the next fiscal year. The financial results received an unmodified audit opinion, ensuring transparency in reporting.
Key Highlights
Recommended a final dividend of 30% (Rs. 1.50 per share) for the financial year 2025-26.
Approved the merger of wholly-owned subsidiary Landmark Cars (East) Private Limited with the company.
Granted 37,000 stock options to eligible employees under the Landmark ESOP Plan - 2023.
Appointed Ernst & Young LLP (EY) as Internal Auditor for the financial year 2026-27.
Statutory auditors issued an unmodified opinion on both standalone and consolidated financial results for FY26.
👀 What to Watch
The dividend and merger are positive developments for shareholder value and operational efficiency. Investors should remain positive on the stock while monitoring the successful integration of the subsidiary.
Landmark Cars Recommends Rs 1.50 Final Dividend and Approves Subsidiary Merger
Landmark Cars Limited has recommended a final dividend of Rs. 1.50 per equity share (30% of face value) for the financial year 2025-26. The Board also approved a scheme of amalgamation to merge its wholly-owned subsidiary, Landmark Cars (East) Private Limited, into the parent company to streamline operations. Furthermore, the company granted 37,000 stock options to employees and appointed Ernst & Young LLP as internal auditors. These decisions were made alongside the approval of the audited financial results for the year ended March 31, 2026.
Key Highlights
Recommended a final dividend of Rs. 1.50 per share (30% of face value Rs. 5) for FY 2025-26.
Approved the merger of wholly-owned subsidiary Landmark Cars (East) Private Limited with the company.
Granted 37,000 stock options to eligible employees under the Landmark ESOP 2023 scheme.
Appointed Ernst & Young LLP as Internal Auditors for the financial year 2026-27.
Board approved audited standalone and consolidated financial results for Q4 and FY26 with unmodified audit opinions.
👀 What to Watch
Investors should view the dividend and the corporate restructuring through merger as positive signs of shareholder returns and operational efficiency. Monitor the timeline for the merger completion and the record date for the dividend.
Landmark Cars Recommends Rs 1.50 Dividend and Approves Merger with Subsidiary
Landmark Cars Limited has announced a final dividend of Rs. 1.50 per share (30% of face value) for the financial year 2025-26, pending shareholder approval. The Board also approved a scheme of amalgamation to merge its wholly-owned subsidiary, Landmark Cars (East) Private Limited, into the parent company to streamline operations. The company's annual financial results for FY26 were released with an unmodified audit opinion, indicating clean financial reporting. Additionally, the company has appointed Ernst & Young LLP as internal auditors and granted 37,000 ESOPs to employees.
Key Highlights
Recommended a final dividend of 30% (Rs. 1.50 per equity share) for FY 2025-26.
Approved the Scheme of Amalgamation with wholly-owned subsidiary Landmark Cars (East) Private Limited.
Granted 37,000 stock options to eligible employees under the Landmark ESOP Plan - 2023.
Appointed Ernst & Young LLP as Internal Auditor for the upcoming financial year 2026-27.
Statutory auditors issued an unmodified opinion on consolidated financial results for the year ended March 31, 2026.
👀 What to Watch
Investors should view the dividend and merger as positive signs of financial health and corporate restructuring. Monitor the upcoming AGM for final dividend approval and further commentary on the luxury automotive market outlook.
Landmark Cars FY26 Results: 30% Dividend Declared and Subsidiary Merger Approved
Landmark Cars Limited has reported its audited financial results for the fiscal year ended March 31, 2026, with a clean audit opinion. The Board has recommended a final dividend of 30% (Rs. 1.50 per share) for FY 2025-26, pending shareholder approval. In a move to simplify corporate structure, the company approved the amalgamation of its wholly-owned subsidiary, Landmark Cars (East) Private Limited, into itself. Additionally, the company strengthened its governance by appointing Ernst & Young LLP as internal auditors for the upcoming fiscal year.
Key Highlights
Recommended a final dividend of 30% (Rs. 1.50 per equity share of face value Rs. 5) for FY 2025-26.
Approved the scheme of amalgamation for wholly-owned subsidiary Landmark Cars (East) Private Limited.
Appointed Ernst & Young LLP as Internal Auditors for the financial year 2026-27.
Granted 37,000 stock options to employees under the Landmark Employee Stock Option Plan - 2023.
Statutory auditors MSKC & Associates issued an unmodified opinion on both standalone and consolidated FY26 results.
👀 What to Watch
Investors should view the dividend and corporate restructuring as positive signs of financial health and operational efficiency. Monitor the progress of the subsidiary merger for potential cost synergies in the coming quarters.
Landmark Cars FY26 PAT Surges 120% to Rs 381 Mn; After-Sales Revenue Crosses Rs 10,000 Mn
Landmark Cars reported a robust performance for FY26, with Proforma Revenue growing 19.4% YoY to Rs. 67,187 Mn. The company's Profit After Tax (PAT) saw a significant surge of 119.7% YoY, reaching Rs. 381 Mn for the full year. A key milestone was achieved in the high-margin after-sales segment, which crossed Rs. 10,000 Mn in revenue for the first time. The company generated strong net cash flows from operating activities of Rs. 2,675 Mn, representing a 76% YoY increase.
Key Highlights
FY26 Proforma Revenue grew 19.4% YoY to Rs. 67,187 Mn, while Q4FY26 PAT surged 757.6% YoY to Rs. 150 Mn.
After-sales revenue crossed the Rs. 10,000 Mn milestone in FY26, maintaining a healthy EBITDA margin of 18.1%.
Electric Vehicles (EVs) now contribute 21% of total New Car Sales on a Proforma Revenue basis.
Net Cash Flow from Operating Activities increased by 76% YoY to Rs. 2,675 Mn in FY26.
New brand additions (MG, Mahindra, Kia, BYD) collectively contributed ~20% to total Proforma Revenues.
👀 What to Watch
Investors should monitor the company's ability to maintain margins as it scales its new brand portfolio and workshop utilization. The strong cash flow generation and growth in the non-cyclical after-sales segment make it a compelling watch in the auto-retail space.
Landmark Cars FY26 Results: Rs 1.50 Dividend Declared and Subsidiary Merger Approved
Landmark Cars Limited has reported its audited financial results for the fiscal year ended March 31, 2026. The Board has recommended a final dividend of Rs 1.50 per equity share, representing 30% of the face value. A significant corporate restructuring was approved through the amalgamation of the wholly-owned subsidiary, Landmark Cars (East) Private Limited, into the parent company. Additionally, the company strengthened its governance by appointing Ernst & Young LLP as internal auditors for the next fiscal year.
Key Highlights
Recommended a final dividend of Rs 1.50 per equity share (30% of face value) for FY 2025-26.
Approved the scheme of amalgamation with wholly-owned subsidiary Landmark Cars (East) Private Limited.
Appointed Ernst & Young LLP as Internal Auditor for the financial year 2026-27.
Granted 37,000 stock options to eligible employees under the Landmark Employee Stock Option Plan - 2023.
Processed a request for reclassification of Ms. Spruha Mehta from the Promoter group to the Public category.
👀 What to Watch
The dividend payout and structural streamlining via merger are positive indicators of management's focus on shareholder value and operational efficiency. Investors should analyze the detailed financial statements to evaluate the company's growth trajectory in the premium automotive segment.
Landmark Cars Reports 17.3% YoY Revenue Growth in Q4 FY26; FY26 Revenue Up 19.3%
Landmark Cars reported a strong performance for FY26 with a 19.32% YoY growth in proforma revenue, reaching ₹6,713 Cr. Q4 FY26 revenue grew 17.3% YoY to ₹1,790 Cr, driven by robust demand post GST 2.0 and year-end momentum. The after-sales segment achieved its highest-ever quarterly revenue of ₹282 Cr, supported by new workshop stabilization. While BYD supply constraints slightly impacted Q4, the company expects normalization by the June quarter alongside several new model launches including the Mercedes Benz CLA.
Key Highlights
Annual proforma revenue grew 19.32% YoY to ₹6,713 Cr for the full year FY26.
Q4 FY26 proforma revenue stood at ₹1,790 Cr, representing a 17.3% increase over Q4 FY25.
After-sales service and spare parts revenue reached a record high of ₹282 Cr in Q4, up 15.1% YoY.
Vehicle sales (including agency and pre-owned) grew 17.72% YoY to ₹1,508 Cr in Q4 FY26.
Supply constraints for BYD cars impacted Q4 growth, but normalization is expected in the June quarter.
👀 What to Watch
Investors should take note of the strong YoY growth and record after-sales performance which typically offers higher margins. Watch for the impact of new model launches like the Mercedes Benz CLA and Renault Duster in the upcoming June quarter to sustain momentum.
