Landmark Cars Posts ₹380.82 Million Profit
Landmark Cars Limited (BSE: LANDMARK | NSE: LANDMARK)
Announcement Date: 26 May 2026
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.
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.
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.
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.
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.
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. |
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).
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.
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.
Original Source Document
View the original exchange filing or announcement.
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