Synopsis:
Landmark Cars posted Q1 FY26 revenue of Rs. 1,061.7 crores (+28 percent YoY), profit Rs. 7.4 crores (+114 percent YoY), with EBITDA margin at 6.23 percent and inventory reduced to 42 days, well below the industry average.
During Wednesday’s trading session, shares of a leading premium automotive retail network in India surged nearly 15 percent on BSE, after reporting financial results for Q1 FY26 with a net profit growth of around 320 percent QoQ and 114 percent YoY.
At 11:56 a.m., the shares of Landmark Cars Limited were trading in the green at Rs. 512.35 on BSE, up by around 7.4 percent, as against its previous closing price of Rs. 476.85, with a market cap of Rs. 2,119.8 crores. The stock has delivered negative returns of over 14 percent in the last one year, and has fallen by around 6 percent in the last one month.
What’s the News
Landmark Cars Limited announced the financial results for Q1 FY26 on Tuesday after market hours, according to the latest regulatory filings on the stock exchanges.
For Q1 FY26, Landmark Cars reported a consolidated revenue from operations of Rs. 1,061.7 crores, down by around 3 percent QoQ from Rs. 1,091.2 crores in Q4 FY25 but a growth of nearly 28 percent from Rs. 832 crores recorded in Q1 FY25.
Net profit for the quarter stood at Rs. 7.4 crores, marking an impressive rise of around 320 percent QoQ from Rs. 1.7 crores in Q4 FY25, as well as a year-on-year increase of about 114 percent from Rs. 3.4 crores in Q1 FY25.
In terms of margins, the company reported a gross profit margin of 17.37 percent in Q1 FY26, a fall from 19.31 percent in Q1 FY25. In contrast, the EBITDA margin improved to 6.23 percent from 5.99 percent in Q1 FY25.
On a sequential basis, the gross profit margin improved marginally, supported by a growing contribution of after-sales to total revenue, driven by newly added brands. However, the rapid ramp-up in new car sales across multiple brands has outpaced the growth of the after-sales business, leading to a YoY moderation in Gross Profit Margin.
As newly established workshops mature and reach optimal capacity, margins are expected to strengthen further. Maintaining its disciplined approach, Landmark Cars has also reduced new car inventory to ~42 days, far below the industry average of 55 days.
Landmark Cars Limited is engaged in the business of (i) authorised agent of selling automobiles (ii) the operation of workshops and garages to repair and service the automobiles, including other ancillary services (iii) direct selling agency/marketing agency on behalf of inter alia banks and non-banking financial companies to market their financing schemes to customers (iv) selling of accessories, and (v) earning insurance commissions linked to its sales and service activities.
As of Q1 FY26, the company commands a 19.1 percent market share in Jeep & Citroën, 18.7 percent in BYD, 15.1 percent in Mercedes-Benz, 9.7 percent in Volkswagen, 5.3 percent in Honda, and 3.4 percent in MG
Written by Shivani Singh
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