Landmark Cars Limited (BSE: LANDMARK | NSE: LANDMARK)

Announcement Date: 26 May 2026

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Introduction

Landmark Cars Limited submitted its audited standalone and consolidated financial results for the quarter and full year ended 31 March 2026 to the BSE and NSE, together with the Board’s resolutions on dividends, an amalgamation scheme and other corporate actions.

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1. Financial Highlights

Consolidated Results (₹ Million)

Metric	Q1 2026 (ended 31‑Mar‑2026)	FY 2026 (ended 31‑Mar‑2026)
Total income	12,816.12	49,143.83
Profit for the period	150.34	380.82
Profit after tax (PAT) margin	1.2 %	0.8 %
Earnings per share – Basic	3.63 (₹)	9.01 (₹)
Total comprehensive income	153.68	393.94
Cash & cash equivalents (year‑end)	363.48	—

Standalone Results (₹ Million)

Metric	FY 2026 (ended 31‑Mar‑2026)
Total income	8,204.55
Profit for the period	412.13
Earnings per share – Basic	9.95 (₹)
Total comprehensive income	413.07
Cash & cash equivalents (year‑end)	153.32

Key take‑away: Consolidated revenue grew to ₹ 49.1 bn, driven largely by the agency‑model commission earnings from Mercedes‑Benz sales. Profitability remained modest, with PAT margins below 1 % for the year.

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2. Balance Sheet Snapshot

Item	31‑Mar‑2026	31‑Mar‑2025
Total assets	19,791.77	18,893.36
Total equity	5,845.35	5,584.46
Total liabilities	13,946.42	13,308.90
Non‑current borrowings	212.69	421.20
Current borrowings	4,770.37	4,836.88
Lease liabilities (total)	3,776.94	3,445.88

Standalone balance sheet (standalone assets ₹ 10,173.03 mn; equity ₹ 6,042.12 mn) shows a stronger equity ratio after the recent acquisition.

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3. Cash‑Flow Summary (₹ Million)

Category	FY 2026
Net cash from operating activities	2,674.69
Net cash used in investing activities	(631.27)
Net cash used in financing activities	(1,907.08)
Net increase in cash & cash equivalents	136.34
Cash & cash equivalents at year‑end	363.48

Operating cash generation improved markedly year‑on‑year, primarily from higher profit before tax and working‑capital efficiencies.

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4. Dividend Recommendation

• Final dividend: 30 % (Rs 1.50 per share, face value Rs 5) for FY 2025‑26, pending shareholder approval at the forthcoming Annual General Meeting.

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5. Strategic & Corporate Actions

Action	Details
Amalgamation Scheme	Approved the merger of Landmark Cars Limited (Transferee) with its wholly‑owned subsidiary Landmark Cars (East) Private Ltd (Transferor) under Sections 230 & 233 of the Companies Act, 2013. No cash or share consideration will be exchanged; the scheme awaits NCLT and regulator approvals.
Acquisition of Remaining Stake	Completed purchase of the remaining 17 % of Landmark Cars (East) Private Ltd for ₹ 141.67 mn (effective 6 Oct 2025), making it a wholly‑owned subsidiary.
New Subsidiary	Incorporated Landmark Luxury Retail Private Ltd on 14 Aug 2025 for luxury‑goods retail.
Agency Model with Mercedes‑Benz	Existing dealership agreement converted to an agency model; Landmark Cars now earns commission on sales. Cars sold on behalf of Mercedes‑Benz amounted to ₹ 16,425.66 mn in FY 2026.
Share Purchase & Cancellation	As part of the amalgamation, equity shares held in LCEPL will be cancelled; no new shares or cash will be issued.

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6. Regulatory & Compliance Highlights

• SEBI (LODR) Regulations, 2015 – Board’s resolutions and audited results filed in compliance with Regulation 30 & 33.
• New Labour Codes (effective 21 Nov 2025) – Company quantified the incremental gratuity liability of ₹ 25.94 mn, recorded as an exceptional item in FY 2026.
• Exceptional Items – FY 2025‑26 also reflected a ₹ 8.87 mn loss from the discard of immovable property related to showroom relocation (FY 2025).

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7. Outlook & Risks

The announcement does not contain forward‑looking guidance. Investors should note:

• Margin pressure despite revenue growth, owing to the commission‑based agency model and higher operating costs.
• Amalgamation and acquisition outcomes depend on regulatory clearances and successful integration.
• Regulatory changes (Labour Codes) have already impacted the financials; further compliance costs may arise.

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Bottom line: Landmark Cars Limited reported higher revenues and cash generation in FY 2026, driven by its new agency arrangement with Mercedes‑Benz. Profitability remains modest, and the company is pursuing consolidation through an amalgamation scheme and full ownership of its East subsidiary, while navigating regulatory cost impacts. The Board has recommended a 30 % final dividend, subject to shareholder approval.