Landmark Property Development Company Limited (LPDC)
₹6.24 +0.48% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Landmark Property's revenue was ₹1.2 Cr, and net profit ₹7.0 Cr (against a loss a year earlier); the operating margin was -2.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.2 | — | -78.6% |
| Operating profit | ₹-0.0 | loss narrowed | to loss |
| Net profit | ₹7.0 | from loss | +444.1% |
| EPS (₹) | 0.52 | — | +420.0% |
| Operating margin | -2.3% | — | — |
LPDC delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 72.68% of the LPDC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 71.0%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 51.3% · 88.3% · 55.8% · 79.1% · 72.7%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Landmark Property Development Company Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited confirms the dematerialisation, mutilation, and cancellation of physical share certificates within prescribed timelines. This is a recurring statutory disclosure with zero impact on the company's financial or operational performance.
- Compliance certificate submitted for the quarter ended September 30, 2026
- Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited dated October 3, 2026
- Filed with BSE and NSE in accordance with Regulation 74(5) on October 13, 2026
Landmark Property Development Company concluded its 50th Annual General Meeting on September 21, 2026, passing all three ordinary resolutions. Most notably, shareholders approved an extension of the timeline for the refund of outstanding amounts by Eterna Living Private Limited (formerly Ansal Landmark Karnal Township) with 98.58% votes in favor among non-promoter voters (promoters did not vote). The recoverability of advances tied to this entity (historically Rs 19.26 cr, or ~47% of net worth) represents a crucial balance sheet item for the company. FY26 audited accounts and the re-appointment of director Sharmila Dalmia were also approved.
- Resolution 3 approving timeline extension for refund from Eterna Living passed with 98.58% votes in favor (18,38,669 votes).
- Promoter group did not vote on the Eterna Living refund resolution, while 18,65,129 non-institutional public votes were polled.
- Adoption of FY26 audited financial statements approved with 99.97% votes in favor across 8,86,71,196 valid votes.
- Re-appointment of director Smt. Sharmila Dalmia approved with 99.95% votes in favor.
Landmark Property Development Company Limited has scheduled its 50th Annual General Meeting (AGM) for Monday, September 21, 2026, at 11:30 AM via video conferencing. The cut-off date to determine shareholder eligibility for e-voting has been fixed as September 14, 2026. The remote e-voting window will be open from September 18, 2026 (9:00 AM) through September 20, 2026 (5:00 PM). Mr. Rahul Dhupar, Practicing Company Secretary, has been appointed as the scrutinizer for the voting process.
- 50th Annual General Meeting scheduled for September 21, 2026 at 11:30 AM via VC/OAVM
- Record/Cut-off date for e-voting eligibility set as September 14, 2026
- E-voting active from September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
- Mr. Rahul Dhupar appointed as Scrutinizer for the voting process
Landmark Property Development Company Limited has announced that its 50th Annual General Meeting (AGM) will be held on Monday, September 21, 2026, at 11:30 AM via Video Conferencing. The cut-off date to determine shareholder eligibility for e-voting is September 14, 2026. The remote e-voting window is scheduled from September 18, 2026 to September 20, 2026. The company has appointed Practicing Company Secretary Mr. Rahul Dhupar as the scrutinizer for the voting process.
- 50th Annual General Meeting to take place on September 21, 2026 at 11:30 AM via VC/OAVM
- Cut-off date for e-voting eligibility set as September 14, 2026
- E-voting window open from September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
- Mr. Rahul Dhupar, Practicing Company Secretary, appointed as Scrutinizer
Landmark Property Development Co. (LPDC) has approved a request from Eterna Living Private Limited to extend the repayment deadline for a ₹35.11 crore settlement balance. Originally due by September 26, 2026, the timeline is now pushed to March 31, 2027, subject to shareholder approval. Eterna has provided a significant part-payment of ₹8 crore, reducing the outstanding balance to ₹27.11 crore. This total settlement amount is highly material for LPDC, representing approximately 85% of its ₹41 crore net worth.
- Total balance payable under the Refund and Settlement Agreement is ₹35,11,15,047.
- Repayment deadline extended by approximately 6 months to March 31, 2027.
- Immediate part-payment of ₹8,00,00,000 received via cheque.
- Remaining outstanding amount to be recovered stands at ₹27,11,15,047.
- Total settlement value is over 5x the company's TTM revenue of ₹7.35 crore.
LPDC reported a significant turnaround in Q1 FY27 with a net profit of ₹6.96 Cr, compared to a marginal loss of ₹0.0068 Cr in the same quarter last year. This performance was primarily driven by a one-time reversal of expected credit loss (ECL) provisions amounting to ₹7.77 Cr following a settlement with Saya Buildcon. While total income of ₹8.16 Cr surged past the previous full year's revenue, core revenue from operations remained low at ₹0.23 Cr. The company is now awaiting a larger refund of ₹35.26 Cr from Eterna Living due by September 26, 2026.
- Net Profit of ₹6.96 Cr in Q1 FY27 vs a loss of ₹0.0068 Cr in Q1 FY26
- Reversal of ₹7.77 Cr in credit loss provisions following recovery of capital advances and loans from Saya Buildcon
- Total income for the single quarter (₹8.16 Cr) exceeded the entire FY26 revenue of ₹7.35 Cr
- Company executed a settlement for a refund of ₹35.26 Cr from Eterna Living, expected by September 26, 2026
- Net advances of ₹19.11 Cr still outstanding from Eterna Living, representing nearly 46% of company net worth
Landmark Property Development Company (LPDC) has updated its Registrar and Share Transfer Agent (RTA) details following the merger of C B Management Services (P) Limited into MUFG Intime India Private Limited. The amalgamation was effective from May 8, 2026, and a formal continuation agreement was executed on July 31, 2026. This is a purely administrative change with no impact on the company's operations or financial performance. Shareholders should note the updated contact information for any future registry-related queries.
- Amalgamation of previous RTA C B Management Services with MUFG Intime India effective May 8, 2026
- Formal agreement for continuation of services executed on July 31, 2026
- New RTA entity operates under SEBI Registration No. INR000004058
- Company maintains its micro-cap status with a market capitalization of Rs 77 Cr
Landmark Property Development Company Limited (LPDC) has filed its quarterly compliance certificate for the period ended June 30, 2026. The certificate, issued by its Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, confirms that share certificates received for dematerialization were processed according to SEBI guidelines. This includes the mutilation and cancellation of physical certificates and the updating of the register of members within prescribed timelines. This is a standard administrative filing required for all listed entities in India.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation provided by RTA MUFG Intime India Private Limited on July 1, 2026
- Verification that dematerialized securities are listed on the stock exchanges where earlier securities were listed
- Confirmation that the name of depositories was substituted in the register of members within prescribed timelines
Landmark Property Development Company (LPDC) has formalized a comprehensive settlement with Saya Buildcon Consortium Private Limited. The agreement resolves disputes related to a 2017 Loan Agreement, a 2017 Inter Corporate Deposit (ICD) Agreement, and the cancellation of 9 commercial units in the 'Saya Zion' project. Although the company states that principal monetary obligations were discharged prior to this execution, the formal agreement enables the withdrawal of pending legal proceedings. This is a significant step in cleaning up legacy issues for a company with a small TTM revenue of ₹7 Cr and a history of stuck advances.
- Settlement of Loan Agreement originally dated 30 May 2017
- Settlement of Inter Corporate Deposit Agreement dated 14 December 2017
- Cancellation of allotment for 9 commercial units in the 'Saya Zion' project
- Principal monetary obligations were already discharged prior to the formal execution of these agreements
- Agreement provides for the withdrawal and closure of all related legal proceedings between the parties
Landmark Property Development Company Limited (LPDC) has announced the closure of its trading window for all designated persons starting July 1, 2026. This is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the financial results are declared. Given the company's small TTM revenue of ₹7 Cr and significant counterparty risks, this filing is purely administrative and does not impact business fundamentals.
- Trading window closure commences on July 1, 2026.
- Closure applies to the financial results for the quarter ended June 30, 2026.
- Window reopens 48 hours after the results are officially announced.
- Company reports a TTM revenue of ₹7 Cr and a net worth of ₹41 Cr.
- Significant counterparty risk remains with ₹19.26 Cr in net advances at stake.
Landmark Property Development Company (LPDC) reported a strong financial performance for FY26, turning profitable with a net profit of ₹149.42 Lacs against a loss of ₹372.15 Lacs in FY25. Total income for the year rose significantly to ₹816.41 Lacs from ₹176.58 Lacs in the previous year. The Q4 performance was particularly strong, with revenue reaching ₹576.26 Lacs, contributing the majority of the annual turnover. However, auditors flagged a net advance of ₹1,911.15 Lacs to Eterna Living Pvt. Ltd. as a point of concern regarding recoverability.
- Annual revenue from operations grew 526% from ₹117.30 Lacs in FY25 to ₹734.86 Lacs in FY26.
- Net profit for the full year stood at ₹149.42 Lacs compared to a net loss of ₹372.15 Lacs in the previous year.
- Q4 FY26 net profit reached ₹128.15 Lacs, showing significant momentum at the end of the fiscal year.
- Earnings Per Share (EPS) improved to ₹0.11 in FY26 from a negative ₹0.28 in FY25.
- Auditor's 'Emphasis of Matter' highlights a net exposure of ₹1,911.15 Lacs in advances to Eterna Living Pvt. Ltd. after a ₹1,600 Lacs provision.
Landmark Property Development Company Limited (LPDC) has submitted its annual disclosure regarding promoter shareholding for the financial year ending March 31, 2026. The promoter group, led by M.H. Dalmia & Others, confirmed that no shares were encumbered or pledged, either directly or indirectly, during the period. This filing is a mandatory requirement under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. Such disclosures are vital for investors to verify that promoters are not using their equity as collateral for debt.
- Promoter group confirmed zero encumbrances on shares for the financial year ended March 31, 2026.
- Compliance submitted under Regulation 31(4) of SEBI (SAST) Regulations, 2011.
- The declaration was issued by Gaurav Dalmia on behalf of the M.H. Dalmia & Others promoter group.
- The filing confirms the stability of promoter holdings with no new pledges created during the fiscal year.
Landmark Property Development Company Limited (LPDC) has successfully filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The independent review by a Practicing Company Secretary confirms that the company has adhered to all applicable SEBI regulations, including LODR and Insider Trading norms. Significantly, the report indicates zero deviations, non-compliances, or penalties during the review period. This filing reinforces the company's standing regarding corporate governance and statutory transparency.
- Achieved 100% compliance with SEBI (LODR) and Prohibition of Insider Trading (PIT) Regulations for FY26.
- Zero instances of non-compliance, deviations, or fines reported by regulatory authorities.
- Confirmed that no directors are disqualified under Section 164 of the Companies Act, 2013.
- The company maintained a functional website with timely dissemination of all required documents and information.
- Independent auditor RD & Associates issued a clean report with no adverse observations or remarks.
Landmark Property Development Company Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by CB Management Services (P) Limited, confirms the processing of dematerialization requests for the quarter ended March 31, 2026. This filing ensures that the company is in compliance with depository norms regarding the cancellation of physical share certificates. It is a standard administrative procedure for all listed companies in India.
- Compliance certificate submitted for the quarter ended March 31, 2026.
- Issued by Registrar and Share Transfer Agent (RTA) CB Management Services (P) Limited.
- Confirms adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
- Verification completed for shares listed on both BSE and National Stock Exchange of India.
Landmark Property Development Company Limited has notified the exchanges regarding the closure of its trading window starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter and financial year ending March 31, 2026. The restriction applies to all designated persons and their relatives, preventing any dealings in the company's securities. The window will remain closed until 48 hours after the financial results are officially declared and made public.
- Trading window closure commences on Tuesday, April 1, 2026.
- The closure pertains to the financial results for the quarter and year ended March 31, 2026.
- Restriction applies to all Designated Persons and their immediate relatives as per SEBI norms.
- Trading window will reopen 48 hours after the financial results are declared to the public.
Financial Performance
Revenue Growth by Segment
The company operates in a single business segment, Real Estate Development, which saw a total income decline of 53.71% YoY, falling from INR 98.47 Lacs in H1 FY25 to INR 45.58 Lacs in H1 FY26. This sharp decline is primarily due to reduced revenue from operations which dropped from INR 117.30 Lacs to INR 27.66 Lacs in the same period.
Geographic Revenue Split
Not disclosed in available documents, though the company's registered office is in New Delhi and its primary project interest is located in Karnal, Haryana.
Profitability Margins
Net Profit Margin improved from -387.70% in H1 FY25 to -8.67% in H1 FY26. While still negative, the margin 'improved' because the previous year included a massive one-time provision for credit losses that did not recur at the same scale.
EBITDA Margin
EBITDA margin for H1 FY26 stood at approximately 20.16% (INR 9.19 Lacs) compared to a pre-provision EBITDA margin of 72.82% in H1 FY25. The contraction is due to a 53.71% drop in revenue while fixed employee and administrative costs rose by 35.93% YoY.
Capital Expenditure
Not disclosed in available documents; however, the company maintains a static Property, Plant & Equipment base of INR 0.22 Lacs as of September 30, 2025.
Credit Rating & Borrowing
Not disclosed in available documents. The company appears to be debt-free with no reported interest-bearing long-term borrowings in the current liabilities or non-current liabilities sections.
Operational Drivers
Raw Materials
Land and Development Rights represent the primary 'raw material' for the company, reflected in an inventory value of INR 1,070.22 Lacs, which constitutes 24.67% of total assets.
Import Sources
Not disclosed in available documents; sourcing is likely domestic (India) given the nature of real estate development in Karnal and New Delhi.
Capacity Expansion
The company's primary 'capacity' is its inventory of land/WIP valued at INR 1,070.22 Lacs. No specific expansion of the land bank was reported in the H1 FY26 period.
Raw Material Costs
Inventory costs remained stagnant at INR 1,070.22 Lacs from March 2025 to September 2025, indicating no new major land acquisitions or significant construction spend during the half-year.
Manufacturing Efficiency
Not applicable as the company is a real estate developer; however, employee benefit expenses as a percentage of total income rose from 10.47% in H1 FY25 to 39.78% in H1 FY26, indicating lower operational leverage.
Strategic Growth
Growth Strategy
The company's strategy focuses on the recovery and development of its interest in the Ansal Landmark (Karnal) Township. Growth is dependent on resolving the recoverability of INR 1,926.15 Lacs in net advances and potentially monetizing the INR 1,070.22 Lacs held in inventory through development or sale.
Products & Services
Real estate development projects, specifically residential or commercial plots and units within townships like the Ansal Landmark (Karnal) project.
Brand Portfolio
Landmark Property Development, Dalmia Group.
Strategic Alliances
The company has a significant business arrangement/advance with Ansal Landmark (Karnal) Township Pvt. Ltd. for space booking.
External Factors
Industry Trends
The real estate industry is shifting toward consolidated players with high transparency. LPDC is currently in a consolidation phase, focusing on cleaning up its balance sheet (provisioning INR 400 Lacs for credit losses) rather than aggressive expansion.
Competitive Landscape
Competes with other NCR-based developers like DLF and Ansal Properties in the residential township segment.
Competitive Moat
The company's moat is linked to its association with the Dalmia Group and its existing land/advance positions in the NCR region. However, this moat is currently weakened by the slow recovery of advances from partners.
Macro Economic Sensitivity
Highly sensitive to the Indian real estate market and interest rate cycles, which affect the valuation and liquidity of its INR 1,070.22 Lacs inventory.
Geopolitical Risks
Low, as assets and operations are concentrated in the National Capital Region (NCR) and Haryana, India.
Regulatory & Governance
Industry Regulations
Operations are subject to RERA (Real Estate Regulatory Authority) and local development norms in Haryana and Delhi. The company maintains adequate systems to monitor compliance as per the Secretarial Audit report.
Taxation Policy Impact
The company recorded a tax expense of INR 4.38 Lacs for H1 FY26, despite a pre-tax loss, likely due to deferred tax adjustments or taxes on interest income.
Legal Contingencies
The primary contingency involves the recoverability of space booking advances from Ansal Landmark (Karnal) Township Pvt. Ltd. totaling INR 3,526.15 Lacs (Gross). The company has provisioned INR 1,600 Lacs against this, leaving a net exposure of INR 1,926.15 Lacs.
Risk Analysis
Key Uncertainties
The recoverability of the net advance of INR 1,926.15 Lacs is the single largest uncertainty, representing nearly half of the company's net worth.
Geographic Concentration Risk
100% of known projects and assets are concentrated in the North India region (NCR and Haryana).
Third Party Dependencies
High dependency on Ansal Landmark (Karnal) Township Pvt. Ltd. for the realization of its largest non-current asset.
Technology Obsolescence Risk
Low risk for real estate, though the company needs to adopt digital sales and project management tools to remain competitive.
Credit & Counterparty Risk
High risk; the company has already recognized a 'Provision for expected credit loss' of INR 400 Lacs in the previous year, signaling ongoing concerns about counterparty liquidity.
