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LANDMARK - Landmark Cars

📊 NSE: LANDMARK 🏢 Trading 📅 Last Updated: 12/14/2025 9:11

📢 Recent Corporate Announcements

Landmark Cars Expands Hyderabad Network with New Mahindra & Mahindra Workshop

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 12 Mar 2026, 10:55 PM

Landmark Cars is expanding its aftersales network in Hyderabad by opening a new Mahindra & Mahindra (M&M) workshop in Kompally. This facility, operated through its subsidiary Landmark Mobility Private Ltd, aims to address high demand at its existing two Hyderabad workshops. With this addition, the company will have 8 M&M outlets in Hyderabad and 12 across India. This move aligns with Landmark's strategy to deepen brand presence and leverage network effects in key geographies.

Opening a new M&M workshop in Kompally, Hyderabad to meet high service demand.
Increases the total number of Mahindra & Mahindra outlets to 8 in Hyderabad.
Total Mahindra & Mahindra outlet count reaches 12 across the company's network.
The workshop will be managed by Landmark Mobility Private Ltd, a wholly owned subsidiary.

💡 This expansion reinforces Landmark's strategy of deepening brand presence in high-growth regions and strengthening its high-margin aftersales segment. Investors should monitor the impact on service revenue and margins as the new facility scales.

Landmark Cars to Attend Investec India Promoter & Founder Conference on March 10

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Mar 2026, 03:18 PM

Landmark Cars Limited has scheduled meetings with institutional investors and analysts on March 10, 2026, in Mumbai. The event is organized by Investec India as part of their Promoter & Founder Conference and will include 1x1 and group interactions. The company has clarified that discussions will be limited to publicly available information, ensuring no unpublished price sensitive information is shared. This is a standard investor relations activity aimed at maintaining transparency with the financial community.

Meeting scheduled for March 10, 2026, starting from 1:00 PM onwards.
Interaction format includes both 1x1 and group meetings with institutional participants.
Event hosted by Investec India at the Promoter & Founder Conference in Mumbai.
Company confirms compliance with SEBI regulations by not sharing any UPSI.

💡 No immediate action is required as this is a routine disclosure. Investors may look for updated investor presentations or analyst reports following the conference for qualitative insights.

Landmark Cars Schedules Investor Meeting on February 23, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Feb 2026, 07:22 PM

Landmark Cars Limited has scheduled a meeting with institutional investors and analysts for February 23, 2026. The interaction, organized by B&K Securities, will include 1x1 and group meetings starting from 11:00 a.m. The company has clarified that the discussions will be based on publicly available information and no unpublished price sensitive information (UPSI) will be shared. This is a standard regulatory disclosure under SEBI LODR Regulations to maintain transparency with the investment community.

Meeting scheduled for February 23, 2026, starting at 11:00 a.m.
Interaction format includes both 1x1 and group meetings with participants.
The event is being organized by B&K Securities.
Company confirms that no unpublished price sensitive information (UPSI) will be discussed.

💡 No immediate action is required as this is a routine corporate update. Investors may look for any post-meeting transcripts or presentations that might be released for additional qualitative insights.

Landmark Cars Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 11 Feb 2026, 02:09 PM

Landmark Cars Limited has officially released the audio recording of its earnings conference call held on February 11, 2026. The call was dedicated to discussing the company's unaudited financial performance for the third quarter and the nine-month period ending December 31, 2025. This disclosure follows the initial financial results announcement and provides a platform for management to address analyst queries. A formal written transcript of the proceedings is expected to be filed with the exchanges shortly.

Earnings conference call conducted on February 11, 2026, at 10:30 AM IST.
Focus on unaudited financial results for Q3 and the nine-month period ended December 31, 2025.
Audio recording link made available on the official company website for public access.
Compliance maintained under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should review the audio recording or wait for the upcoming transcript to understand management's perspective on luxury car demand and dealership expansion plans.

Landmark Cars Q3 FY26 PAT Jumps 20% YoY to Rs 142 Mn; Proforma Revenue Hits Record High

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 05:38 PM

Landmark Cars reported a strong Q3 FY26 performance with proforma revenue growing 11% YoY to Rs 18,513 Mn and PAT increasing 20% to Rs 142 Mn. For the nine-month period (9M FY26), PAT surged 47.9% YoY to Rs 230 Mn, driven by the stabilization of new OEM brands which now contribute 20% of total revenue. The company demonstrated superior operational efficiency by reducing inventory days to 31, significantly below the industry average of 39. Cash flow generation was robust, with net operating cash flow for 9M FY26 reaching Rs 2,652 Mn, already surpassing full-year FY25 levels.

Achieved highest ever quarterly proforma revenue of Rs 18,513 Mn and EBITDA of Rs 788 Mn in Q3 FY26.
9M FY26 PAT grew by 47.9% YoY to Rs 230 Mn with proforma revenue up 20.1% to Rs 49,236 Mn.
Inventory levels reduced to 31 days, maintaining a strong competitive edge over the industry average of 39 days.
New partner brands (Mahindra, KIA, MG) contributed 20% of total revenue for the 9M FY26 period.
Net Cash from Operating Activities for 9M FY26 stood at Rs 2,652 Mn, outpacing the entire FY25 performance.

💡 Investors should view the strong cash flow generation and industry-leading inventory management as positive indicators of operational health. The successful integration of new brands and growth in the high-margin after-sales segment suggests a sustainable growth trajectory.

Landmark Cars Q3 FY26 PAT Rises 20% YoY to ₹141.8 Million; Revenue Up 12.5%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 05:19 PM

Landmark Cars reported a steady growth in Q3 FY26, with consolidated revenue reaching ₹13,450.76 million, a 12.5% increase from the same quarter last year. Net profit (PAT) grew by approximately 20% YoY to ₹141.80 million, despite an exceptional charge of ₹20.18 million related to the implementation of new Labour Codes. The company's agency model for Mercedes-Benz remains a significant contributor, facilitating car sales worth ₹5,374.85 million during the quarter. Overall, the results show improved operational efficiency and a sharp recovery from the previous quarter's low profit of ₹15.02 million.

Consolidated Revenue from operations grew 12.5% YoY to ₹13,450.76 million.
Net Profit (PAT) increased 20% YoY to ₹141.80 million from ₹118.08 million in Q3 FY25.
Earnings Per Share (EPS) improved to ₹3.42 compared to ₹2.75 in the year-ago quarter.
Mercedes-Benz agency model sales reached ₹5,374.85 million for the quarter, generating commission income.
Exceptional items of ₹20.18 million were recognized due to the impact of New Labour Codes on gratuity liabilities.

💡 The company has shown strong sequential and year-on-year growth, particularly in the luxury segment. Investors should maintain a positive outlook as the company effectively manages the transition to agency models and expands its dealership footprint.

Landmark Cars to Host Q3FY26 Earnings Conference Call on February 11, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 06 Feb 2026, 07:56 PM

Landmark Cars Limited has scheduled its earnings conference call for Wednesday, February 11, 2026, at 10:30 AM IST. The management will discuss the unaudited financial results for the third quarter and nine months ended December 31, 2025. Key leadership, including Chairman Sanjay Thakker and CFO Surendra Agarwal, will be present to address analyst queries. This call is a standard procedure following the disclosure of quarterly financial performance.

Earnings call scheduled for February 11, 2026, at 10:30 AM IST to discuss Q3FY26 results.
Management participants include Promoter/Chairman Sanjay Thakker and Executive Director Aryaman Thakker.
The discussion will focus on unaudited financial results for the quarter and nine months ended December 31, 2025.
The call is hosted by Monarch Networth with universal dial-in numbers +91 22 6280 1455 and +91 22 7115 8828.

💡 Investors should attend the call to gain insights into luxury car demand trends and the company's expansion strategy. Focus on management commentary regarding margin sustainability and new dealership performance.

Landmark Cars to Meet Institutional Investors on February 11, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Feb 2026, 03:03 PM

Landmark Cars Limited has scheduled meetings with institutional investors and analysts on February 11, 2026, starting at 1:00 pm. The interaction, organized by Axis Capital, will consist of both one-on-one and group meetings. The company has explicitly stated that discussions will be based on publicly available information and no unpublished price sensitive information will be shared. Such meetings are standard practice for listed companies to engage with the investment community and provide clarity on existing public data.

Investor meeting scheduled for February 11, 2026, from 1:00 pm onwards
Format includes both 1x1 and Group Meetings with participants
The event is being organized by Axis Capital
Company confirms no unpublished price sensitive information (UPSI) will be discussed
Compliance disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015

💡 No immediate action is required as this is a routine investor relations event. Investors should look for any subsequent corporate presentations or transcripts that may be released following the conference.

Landmark Cars Schedules Q3 FY26 Earnings Conference Call for February 11, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 06 Feb 2026, 12:24 PM

Landmark Cars Limited has announced its earnings conference call scheduled for Wednesday, February 11, 2026, at 10:30 AM IST. The management team, including Chairman Sanjay Thakker and CFO Surendra Agarwal, will discuss the unaudited financial results for the quarter and nine months ended December 31, 2025. This call provides a platform for institutional investors and analysts to seek clarity on the company's recent operational performance and future outlook. The event is being coordinated by Monarch Networth Capital.

Earnings call set for February 11, 2026, at 10:30 AM IST to discuss Q3 FY26 results.
Management participants include Promoter & Chairman Sanjay Thakker and CFO Surendra Agarwal.
The discussion will focus on Unaudited Financial Results for the period ended December 31, 2025.
Primary dial-in numbers for the call are +91 22 6280 1455 and +91 22 7115 8828.

💡 Investors should monitor the call for management's commentary on luxury vehicle demand and expansion plans. Reviewing the Q3 results prior to the call will help in identifying key performance trends.

Landmark Cars Reports Highest Ever Quarterly Proforma Revenue of ₹1,849 Cr, Up 10.8% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 15 Jan 2026, 05:19 PM

Landmark Cars achieved its highest-ever quarterly proforma revenue of ₹1,849 crore in Q3FY26, marking a 10.78% YoY and 11.59% QoQ growth. The after-sales service segment also reached a record high of ₹279 crore, growing 12.96% YoY, which indicates strong recurring revenue streams. Despite temporary supply chain constraints in BYD car deliveries during the quarter, demand remains robust and supply normalized in January 2026. The company is expanding its footprint with new showrooms for Mahindra and Mercedes-Benz, while preparing for a significant launch pipeline in CY2026.

Total proforma revenue for Q3FY26 reached ₹1,849 crore, up 10.78% YoY and 11.59% QoQ.
9MFY26 revenue grew by 20% YoY to ₹4,921 crore compared to ₹4,101 crore in the previous year.
After-sales service and spare parts revenue hit a new quarterly high of ₹279 crore, growing 12.96% YoY.
Operationalized a new M&M showroom in Hyderabad and scheduled a Mercedes-Benz showroom opening in Bhopal for January 2026.
Strong CY2026 outlook with 12 new Mercedes-Benz models and high-profile launches from Mahindra, Kia, and Renault.

💡 Investors should note the record revenue and the outperformance of the high-margin after-sales segment as positive signs of business scaling. The robust launch pipeline for CY2026 suggests continued growth momentum, making the stock worth watching for margin improvements in upcoming full earnings reports.

Landmark Cars Submits SEBI Compliance Certificate for Quarter Ended December 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Jan 2026, 01:46 PM

Landmark Cars Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all physical share certificates received for dematerialization during the quarter ended December 31, 2025, were processed correctly. The company verified that the securities were listed on the stock exchanges and that the necessary record updates were completed within the stipulated timelines. This is a standard procedural filing required by all listed companies in India to ensure the integrity of electronic shareholding.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirmation received from Registrar and Share Transfer Agent, MUFG Intime India Private Limited.
Physical security certificates were mutilated and cancelled after due verification for dematerialization.
Depository names were substituted in the company records as registered owners within prescribed timelines.

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's quarterly financial performance and expansion updates.

Landmark Cars to Invest ₹80 Crore in MG, KIA, and Mahindra Brand Subsidiaries

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 31 Dec 2025, 07:09 PM

Landmark Cars' Board has approved a ₹80 crore investment into three of its wholly-owned subsidiaries: Aeromark Cars (MG brand), Landmark Premium Cars (KIA brand), and Landmark Mobility (Mahindra brand). The investment will be executed through the subscription of 8 crore Optionally Convertible Redeemable Preference Shares (OCRPS) at ₹10 each. The primary objective is to reduce the parent company's loans to these subsidiaries, thereby strengthening their individual balance sheets. This internal capital restructuring is expected to be completed by March 31, 2025, and will not alter the company's 100% ownership stake.

Total investment of ₹80 crore allocated to ACPL (₹25 Cr), LPCPL (₹35 Cr), and LMPL (₹20 Cr)
Investment via 8,00,00,000 Optionally Convertible Redeemable Preference Shares (OCRPS) at ₹10 per share
Primary goal is to reduce parent company loans in these subsidiaries to optimize capital structure
Subsidiaries represent high-growth brands: MG (ACPL), KIA (LPCPL), and Mahindra (LMPL)
The transaction is scheduled for completion by March 31, 2025

💡 Investors should view this as a positive move to formalize the capital structure and deleverage high-growth subsidiaries. Monitor the revenue performance of the MG, KIA, and Mahindra segments as they contribute to the consolidated bottom line.

Landmark Cars to Invest ₹80 Crore in Subsidiaries via Preference Shares

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 31 Dec 2025, 06:57 PM

Landmark Cars Limited has approved a total investment of ₹80 crore into three of its wholly-owned subsidiaries through the subscription of Optionally Convertible Redeemable Preference Shares (OCRPS). The investment is split between Landmark Premium Cars (₹35 Cr), Aeromark Cars (₹25 Cr), and Landmark Mobility (₹20 Cr). The primary objective is to reduce the parent company's loans within these subsidiaries, thereby strengthening their individual balance sheets. These subsidiaries represent the company's high-growth partnerships with the KIA, MG, and Mahindra & Mahindra brands.

Total capital infusion of ₹80 crore into three wholly-owned subsidiaries via OCRPS at ₹10 per share.
Aeromark Cars (MG brand) reported a significant revenue jump to ₹425.08 crore in FY25 from ₹138.37 crore in FY24.
Landmark Mobility (Mahindra brand) saw revenue grow from ₹78.74 lakhs in FY24 to ₹183.42 crore in FY25.
Landmark Premium Cars (KIA brand) recorded its first major revenue of ₹113.51 crore in FY25.
The move aims to convert internal debt into preference capital to optimize the group's financial structure.

💡 Investors should note the aggressive revenue growth in the MG and Mahindra dealership segments, which justifies the capital infusion. This restructuring improves the financial health of the subsidiaries and supports their continued expansion.

Landmark Cars to Close Trading Window from Jan 1, 2026, for Q3 FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Dec 2025, 07:12 PM

Landmark Cars Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is a standard procedure ahead of the declaration of the company's unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2025. The trading window will remain closed for all designated persons and will reopen 48 hours after the results are declared. The specific date for the board meeting to approve these results will be communicated at a later date.

Trading window closure effective from January 1, 2026, for all designated persons.
Closure pertains to the financial results for the quarter and nine months ended December 31, 2025.
The window will reopen 48 hours after the official declaration of financial results.
The date of the Board Meeting for results approval is yet to be announced.

💡 This is a routine regulatory announcement with no immediate impact on stock fundamentals. Investors should watch for the upcoming board meeting date to assess the company's Q3 performance.

Landmark Cars Schedules Group Investor Meeting for December 12, 2025

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Dec 2025, 06:02 PM

Landmark Cars Limited has announced a group meeting with analysts and institutional investors scheduled for December 12, 2025, at 04:00 PM. The company stated that the discussions will be based strictly on publicly available information to ensure compliance with SEBI regulations. No unpublished price sensitive information (UPSI) is intended to be shared during this interaction. This is a standard corporate disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Group meeting with analysts and institutional investors scheduled for December 12, 2025
Interaction is set to begin at 04:00 PM onwards
Discussions will be limited to publicly available information only
Compliance disclosure made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

💡 Investors should look for any post-meeting transcripts or presentations that may be uploaded to the exchange for insights into the company's strategy. No immediate action is required as this is a routine investor engagement event.

View All LANDMARK Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

New Vehicle Sales & Allied Business recorded proforma revenue of INR 4,688.6 Cr in FY25, growing 23.2% YoY. In H1 FY26, New Car proforma sales grew 30.1% YoY to INR 258.4 Cr, while After-Sales revenue grew 9.7% YoY to INR 48.9 Cr. Total Proforma Revenue for Q2 FY26 was INR 1,657.2 Cr, up 30.7% YoY.

Geographic Revenue Split

Not disclosed in available documents, though the company operates across multiple regions with specific mentions of a new Kia workshop in Hyderabad operationalized in Q2 FY26.

Profitability Margins

Gross Profit Margin for Q2 FY26 was 16.17%, down from 18.44% YoY. Reported PAT Margin was 0.12% in Q2 FY26 compared to 0.04% in Q2 FY25. Adjusted PAT Margin (Pre-Ind AS) stood at 0.25% in Q2 FY26.

EBITDA Margin

Reported EBITDA Margin was 4.89% in Q2 FY26, a decline from 6.04% in Q2 FY25. H1 FY26 EBITDA Margin was 5.52% compared to 6.01% in H1 FY25, impacted by temporary discounts and the liquidation of demo cars.

Capital Expenditure

The company operationalized 23 out of 24 planned outlets in FY25. While specific future INR Cr figures are not disclosed, the strategy involves acquiring strategic assets annually to drive a 3-5 year growth plan.

Credit Rating & Borrowing

Finance costs increased by 20.5% YoY in H1 FY26 to INR 40.6 Cr. Q2 FY26 finance costs were INR 20.2 Cr, up 10.9% YoY, reflecting increased borrowing to support expansion and inventory.

⚙️ Operational Drivers

Raw Materials

New Vehicles (Inventory) represents the primary cost, with COGS at INR 1,020 Cr in Q2 FY26 (84.2% of reported revenue). Spare parts and consumables for the After-Sales segment (41.1% gross margin) are secondary costs.

Import Sources

Sourced domestically from OEM manufacturing plants across India, including Mercedes-Benz, Honda, Volkswagen, and MG facilities.

Key Suppliers

Key OEM partners include Mercedes-Benz, Honda, Volkswagen, Jeep, Ashok Leyland, MG, BYD, Mahindra & Mahindra (M&M), Renault, and KIA.

Capacity Expansion

Current network includes 75 showrooms and 65 workshops as of Q2 FY26. The company added 2 new outlets in Q2 FY26 and plans to continue strategic acquisitions annually.

Raw Material Costs

COGS grew 37.3% YoY in Q2 FY26 to INR 1,020 Cr. Procurement is driven by OEM inventory allocations, with a focus on lean management to mitigate pricing volatility.

Manufacturing Efficiency

New outlets take approximately 4 quarters to reach full potential. 20% of workshops are currently 'under-ramped' (<18 months old), generating half the revenue of mature facilities.

Logistics & Distribution

Not disclosed as a separate percentage, but integrated into the dealership model where OEMs typically handle primary vehicle logistics to the showroom.

📈 Strategic Growth

Expected Growth Rate

25-30%

Growth Strategy

Achieving growth through the 'After-Sales Engine' (targeting INR 1,000 Cr annual revenue), ramping up 20% of workshops that are currently new, and expanding the brand portfolio with high-growth partners like BYD (3x volume growth) and KIA.

Products & Services

Luxury and premium passenger vehicles, commercial vehicles (Ashok Leyland), vehicle servicing, spare parts sales, finance and insurance brokerage, and pre-owned car sales.

Brand Portfolio

Mercedes-Benz, Honda, Volkswagen, Jeep, Ashok Leyland, MG, BYD, M&M, Renault, and KIA.

New Products/Services

Expansion into the EV segment with BYD and adding mass-premium brands like Kia and MG, which are expected to contribute to the 100 bps gross margin improvement targeted for H2 FY26.

Market Expansion

Focus on acquiring strategic assets in chosen markets annually to become 'significantly bigger' over a 3-5 year horizon.

Market Share & Ranking

Landmark's 23.2% growth in FY25 significantly outperformed the broader passenger vehicle industry growth of 5%.

Strategic Alliances

Agency model partnership with Mercedes-Benz and dealership agreements with 10 major OEM partners.

🌍 External Factors

Industry Trends

The luxury segment is growing faster than the mass market. The industry is shifting toward EVs (BYD volumes up 3x) and integrated digital retail platforms.

Competitive Landscape

Competes with other regional luxury dealerships; Landmark differentiates through scale (10 brands) and operational efficiency (EBITDA positive new outlets).

Competitive Moat

Durable moat through a high-margin (41.1% GM) After-Sales business that is non-cyclical and provides steady cash flow, coupled with superior inventory management (42 days).

Macro Economic Sensitivity

Highly sensitive to premium consumer sentiment and interest rates; finance costs represent a significant expense at INR 40.6 Cr for H1 FY26.

Consumer Behavior

Shift toward premiumization and higher service expectations, reflected in the rising average revenue per vehicle serviced.

Geopolitical Risks

Trade barriers or import duties on luxury car kits (CKD/CBU) could impact the 42% revenue share from Mercedes-Benz.

⚖️ Regulatory & Governance

Industry Regulations

Impacted by GST and Cess interpretations; a lack of clarity led to a 5-week sales suspension for Mercedes-Benz in Q2 FY26.

Environmental Compliance

Not disclosed in absolute INR; involves compliance with workshop waste management and EV infrastructure readiness.

Taxation Policy Impact

Effective tax rate of 15.2% in H1 FY26 (INR 1.6 Cr tax on INR 10.5 Cr PBT).

⚠️ Risk Analysis

Key Uncertainties

Uncertain macro environment delaying outlet breakeven (expected in Q3 FY26) and volatility in OEM incentive structures impacting gross margins by ~200 bps.