Landmark Cars FY26 PAT rises 120% to ₹381 million
Landmark Cars reported a 120% rise in FY26 net profit to ₹381 million, driven by a 22% increase in revenue to ₹49,144 million. Q4 net profit surged to ₹150 million from ₹17.53 million, with EBITDA margin expanding to 5.92%. The board recommended a final dividend of ₹1.50 per share and approved an amalgamation scheme with its subsidiary.

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Landmark Cars Limited reported a consolidated net profit of ₹381 million for the financial year ended March 31, 2026, a 120% increase from ₹173 million in the previous year. The company's revenue from operations increased to ₹49,144 million in FY26 from ₹40,388 million in FY25. For the quarter ended March 31, 2026, the net profit stood at ₹150 million compared to ₹17.53 million in the same period last year, while revenue from operations was ₹12,816 million versus ₹10,973 million in the year-ago period. The board recommended a final dividend of ₹1.50 per equity share for FY26, subject to shareholder approval.
Financial Performance
The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. M/s. MSKC & Associates, Statutory Auditors, issued an unmodified opinion on the results. Earnings per share (EPS) increased to ₹9.01 in FY26 from ₹3.85 in FY25. The company reported its highest ever annual EBITDA of ₹2,830 million, an increase of 20.5% year-on-year. On a quarterly basis, EBITDA rose sharply to ₹756 million from ₹547 million in the same period last year, with the EBITDA margin expanding to 5.92% from 5.01% year-on-year.
The following table summarises the key financial metrics for the full year and the quarter:
| Metric | FY26 (₹ in Million) | FY25 (₹ in Million) |
|---|---|---|
| Proforma Revenue | 67,187 | 56,261 |
| Revenue from Operations | 49,144 | 40,388 |
| EBITDA | 2,830 | 2,349 |
| Net Profit | 381 | 173 |
| Metric | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Revenue from Operations | ₹12,816 Million | ₹10,973 Million |
| EBITDA | ₹756 Million | ₹547 Million |
| EBITDA Margin | 5.92% | 5.01% |
| Net Profit | ₹150 Million | ₹17.53 Million |
Operational Highlights
During FY26, the company crossed the milestone of ₹10,000 million in revenue from after-sales. The after-sales business reported revenue of ₹10,508 million with an EBITDA margin of 18.1%. The company generated ₹2,675 million as operating cash flow in FY26. The net cash flows from operating activities to EBITDA conversion ratio stood at 0.95 for the year.
Expansion and Governance
The board recommended a final dividend of ₹1.50 per equity share for FY26, subject to shareholder approval. The board approved a scheme of amalgamation between Landmark Cars Limited and its wholly-owned subsidiary, Landmark Cars (East) Private Limited. The company added three major brands during the period, expanding its portfolio from 8 to 11 brands, with these new brands contributing approximately 20% to total proforma revenues.
Historical Stock Returns for Landmark Cars
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.88% | +6.47% | +19.33% | -13.04% | -9.23% | -2.36% |
How will the amalgamation with Landmark Cars (East) Private Limited impact the company's operational efficiency and cost structure in the coming fiscal year?
Can the after-sales segment sustain its 18.1% EBITDA margin as the company scales up its newly added brands?
What is the capital allocation strategy for the strong operating cash flow generated, and will the company prioritize further expansion or increasing shareholder returns?


































