Q2 results: Landmark Cars Ltd has announced the results for the September quarter. The company reported a consolidated net profit of Rs 1.18 crore. In the same quarter last year, the company was incurring a nominal loss of Rs 0.02 crore. Landmark Cars’ revenue rose 33.5% to Rs 1,211 crore from Rs 907 crore a year ago.
Strong sales of new cars and recovery of demand across various brands contributed significantly to this growth. Landmark Cars said that the pace of sales has been much better in October and November and after the reduction in GST on new cars, there has been an improvement in margins.
Pressure on EBITDA and margins
Landmark Cars’ EBITDA rose 5.5% to Rs 54.1 crore, but EBITDA margin declined to 4.5% from 5.7%. The company said that temporary discounts and incentives had to be given on new cars because there was uncertainty regarding cess credit. The ramp-up phase of new workshops and increased share of new cars also dragged down gross margins.
Delay in break-even, hope for improvement
Some of Landmark Cars’ outlets were expected to break even by the September quarter. But, due to market uncertainty they could not achieve this target. However, the company now expects these outlets to break even in Q3FY26, which could lead to better results in the coming quarters.
Honda’s big plan supports dealerships
Landmark’s key partner Honda plans to launch 10 new models by 2030, which will include seven SUVs. The company is emphasizing on hybrid and electric vehicles. Honda aims to achieve 5 times growth in the next five years and 10 times growth in ten years.
Landmark Cars stock status
Shares of Landmark Cars Ltd closed 1.61% lower at Rs 603.50 on NSE on November 11. The stock has increased 41.57% in the last 6 months. However, it has come down by 4.46% in the last 1 year. This year i.e. in 2025 also the stock has given a negative return of 4.46%. The market cap of the company is Rs 2.50 thousand crore.
Landmark Cars Business
The business of Landmark Cars runs on the sale and service of cars. The company runs dealerships of brands like Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. It sells new and used cars, services and repairs cars. It also earns money from services like spare parts, body-shop work, insurance and warranty. The company is expanding its network by opening new outlets and service centres.
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