Landmarc Leisure Posts Rs 65.41 Lakh Loss in FY26
Landmarc Leisure Corporation Limited reported a net loss of Rs. 65.41 Lakhs for the fiscal year ended March 31, 2026, reversing the previous year's profit of Rs. 25.47 Lakhs, as total income from operations contracted to Rs. 35.65 Lakhs from Rs. 124.32 Lakhs. The Motion Pictures segment recorded a loss of Rs. 97.34 Lakhs, significantly contributing to the decline. Statutory auditors issued a modified opinion due to non-provision for doubtful advances and loans amounting to over Rs. 4,000 Lakhs. The company utilised Rs. 17.87 Cr out of the Rs. 19.98 Cr raised via preferential issue for content creation and working capital.

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Landmarc Leisure Corporation Limited's Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026. The company reported a net loss of Rs. 65.41 Lakhs for the full year, reversing a net profit of Rs. 25.47 Lakhs recorded in the previous year. Total income from operations declined sharply to Rs. 35.65 Lakhs from Rs. 124.32 Lakhs in FY25, reflecting a significant contraction across key business segments.
Financial Performance: Quarter and Full Year
The company's financial performance for the quarter ended March 31, 2026 showed a profit of Rs. 4.29 Lakhs, compared to a profit of Rs. 52.92 Lakhs in the corresponding quarter of the previous year. For the full year, the net loss stood at Rs. 65.41 Lakhs against a net profit of Rs. 25.47 Lakhs in FY25. Total expenses for the year rose to Rs. 101.06 Lakhs from Rs. 98.85 Lakhs, while total income fell steeply. The following table summarises the key financial metrics:
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Total Income from Operations (Rs. Lakhs): | 24.87 | 6.14 | 73.54 | 35.65 | 124.32 |
| Total Expenses (Rs. Lakhs): | 20.58 | 25.26 | 20.62 | 101.06 | 98.85 |
| Net Profit / (Loss) (Rs. Lakhs): | 4.29 | (19.11) | 52.92 | (65.41) | 25.47 |
| Basic EPS (Rs.): | 44.19 | (196.95) | 661.50 | (674.20) | 318.34 |
| Diluted EPS (Rs.): | 44.19 | (196.95) | 661.50 | (674.20) | 318.34 |
| Paid-up Equity Share Capital (Rs. Lakhs): | 9,800.00 | 9,800.00 | 8,000.00 | 9,800.00 | 8,000.00 |
Segment-wise Revenue Performance
The company operates across three primary segments: Packaged Bottle Business, Motion Pictures Business, and Consultancy Services. The Motion Pictures Business, which was the largest revenue contributor in FY25 at Rs. 113.04 Lakhs, saw a dramatic decline to Rs. 3.22 Lakhs in FY26. The Packaged Bottle Business also contracted from Rs. 1.81 Lakhs to Rs. 0.99 Lakhs, while Consultancy Services contributed Rs. 2.72 Lakhs in FY26 against nil in FY25. On a segment results basis, the Motion Pictures Business recorded a loss of Rs. 97.34 Lakhs for FY26, compared to a profit of Rs. 23.74 Lakhs in FY25, making it the primary driver of the overall annual loss.
| Segment: | FY26 Revenue (Rs. Lakhs) | FY25 Revenue (Rs. Lakhs) |
|---|---|---|
| Packaged Bottle Business: | 0.99 | 1.81 |
| Motion Pictures Business: | 3.22 | 113.04 |
| Consultancy Services: | 2.72 | — |
| Other Income: | 28.72 | 9.46 |
| Total Income from Operations: | 35.65 | 124.32 |
Balance Sheet and Cash Flow Highlights
As of March 31, 2026, the company's total assets stood at Rs. 4,908.50 Lakhs, up from Rs. 4,306.58 Lakhs as of March 31, 2025. Total equity improved to Rs. 4,384.45 Lakhs from Rs. 2,551.86 Lakhs, supported by an increase in equity share capital to Rs. 9,800.00 Lakhs from Rs. 8,000.00 Lakhs following the preferential issue. Non-current liabilities declined sharply to Rs. 5.90 Lakhs from Rs. 1,172.88 Lakhs, reflecting the elimination of non-current borrowings and preference share capital. Cash and cash equivalents at year-end stood at Rs. 210.10 Lakhs, compared to Rs. 40.78 Lakhs at the start of the year, with net cash from financing activities of Rs. 674.40 Lakhs driven by share allotment money net of expenses of Rs. 1,898.00 Lakhs.
Auditor's Modified Opinion and Key Concerns
Statutory auditors M/s. S K H D & Associates issued a modified opinion, drawing attention to the following matters that have not been provided for in the accounts:
- Interest-free Loan: The company has extended an interest-free loan of Rs. 455.87 Lakhs to four parties for which term sheets and other documents are in the process of regularisation, with a consequential impact on profit/loss.
- Doubtful Advance to SKM Real Infra Limited: A deposit of Rs. 2,218.28 Lakhs given to SKM Real Infra Limited (formerly SKM Fabrics (Andheri) Limited), which has gone into resolution under the Insolvency and Bankruptcy Code (IBC), has not been provided for as a doubtful debt. The company has filed a claim with the insolvency professional for Rs. 6,376.71 Lakhs.
- Security Deposit under Liquidation: A security deposit of Rs. 1,500 Lakhs given to Shree Ram Urban Infrastructure Limited (SRUIL), which has gone into liquidation, has not been provided for, thereby overstating the quarterly profit and understating the annual loss.
- Actuarial Valuation: The company has not carried out actuarial valuation as per Ind AS 19 recommendations and has instead provided for gratuity on an accrual basis as per management estimates; the amount of shortfall is currently unascertainable.
Preferential Issue Fund Utilisation
The Board also approved a certificate of utilisation of funds raised through a preferential issue. The company raised Rs. 19,98,00,000 via a preferential issue on October 6, 2025. As of the quarter ended March 31, 2026, Rs. 17.87 Cr. had been utilised. The funds are earmarked for the creation of a Marathi Movies Content Library, Hindi Movies Content, Music Content, General Corporate Purposes, and Working Capital. No deviation or variation in the utilisation of funds was reported. The company has also indicated a strategic shift, with management deciding to reduce focus on Wellness activities and concentrate on Films, Media, and TV Channel business going forward.
| Parameter: | Details |
|---|---|
| Mode of Fund Raising: | Preferential Issue |
| Date of Raising Funds: | October 6, 2025 |
| Amount Raised: | Rs. 19,98,00,000 |
| Funds Utilised (as of quarter ended March 31, 2026): | Rs. 17.87 Cr. |
| Deviation/Variation: | Not applicable |
Historical Stock Returns for Landmarc Leisure Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.57% | +2.11% | -13.39% | -30.96% | +2.11% | +506.25% |
How will Landmarc Leisure's strategic pivot to Films, Media, and TV Channel business translate into revenue recovery, given that the Motion Pictures segment collapsed from Rs. 113 Lakhs to Rs. 3.22 Lakhs in FY26?
What is the likelihood of the company recovering its Rs. 2,218.28 Lakhs deposit from SKM Real Infra Limited under the IBC resolution process, and how would a write-off impact the company's equity position?
With Rs. 1,500 Lakhs locked in a security deposit with a company under liquidation and Rs. 455.87 Lakhs in unregularised interest-free loans, how sustainable is the company's current cash position of Rs. 210.10 Lakhs for ongoing operations?






























