Landmark Cars reported a sharp turnaround in profitability for the first quarter of FY26, with consolidated net profit surging 97.5% year-on-year to ₹145.46 million. The Ahmedabad-based luxury car dealer posted consolidated revenue from operations of ₹13,023.58 million, up 22.7% from ₹10,617.20 million in the corresponding period of FY25. The strong top-line growth was primarily driven by increased sales volumes across its premium brand portfolio, offsetting margin pressures in the automotive retail sector.

The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on August 11, 2026. The results were subjected to a limited review by the Statutory Auditors, M S K C & Associates LLP, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Standalone net profit also rose significantly by 34.2% to ₹115.86 million, while standalone revenue grew 38.2% to ₹1,950.57 million.

Financial Performance

Consolidated earnings per share (EPS) stood at ₹3.51 for the quarter, compared to ₹1.67 in Q1FY25. Total income reached ₹13,055.96 million, while total expenses were controlled at ₹12,864.45 million. The company recorded a profit before tax of ₹191.51 million, benefiting from a lower effective tax rate due to deferred tax credits.

Standalone results showed similar momentum, with revenue from operations jumping to ₹1,950.57 million from ₹1,411.66 million in the previous year’s corresponding quarter. Standalone EPS increased to ₹2.79 from ₹2.09.

Strategic Developments

Beyond financials, the Board approved several strategic initiatives aimed at enhancing customer value and governance. Landmark Cars entered into a Memorandum of Understanding (MOU) with Tecso Charge Zone Limited to provide wallet credit and benefits to eligible customers through a designated referral code, marking a step into electric vehicle (EV) infrastructure support.

The Board also reconstituted its Nomination and Remuneration Committee and Audit Committee. Ms. Rita Teaotia was appointed as an Additional Director designated as an Independent Director with effect from August 11, 2026. She joins Gautam Yogendra Trivedi and Mahesh Pansukhlal Sarda on these committees. Additionally, the Board approved the reappointment of Mr. Manish Chokhani and Mr. Gautam Trivedi as Independent Directors for their second terms, subject to shareholder approval.

What the Numbers Show

The significant divergence between revenue growth (22.7%) and expense growth (21.7%) highlights improved operating leverage in Q1FY26. While purchase costs rose, the company managed to expand its pre-tax profit margin substantially. The shift to an agency model for Mercedes-Benz sales, where commission is earned on direct customer orders placed via Landmark Cars, continues to influence revenue recognition patterns, though total transaction values remain robust.

Landmark Cars Limited will host an earnings conference call on Wednesday, August 12, 2026, at 09:00 AM IST to discuss its unaudited financial results for the quarter and financial year ended June 30, 2026. The event provides investors and analysts with a direct channel to management regarding the company’s Q1FY27 performance and full-year FY26 outcomes.

The disclosure is made pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified both the BSE Limited and the National Stock Exchange of India Limited of the schedule on August 07, 2026. Details of the call are also available on the company’s website.

Management Participation

The session will begin with a brief management discussion followed by an interactive question-and-answer segment. Key executives representing Landmark Cars include:

• Sanjay Thakker, Promoter, Chairman & Executive Director
• Aryaman Thakker, Executive Director
• Surendra Agarwal, Chief Financial Officer

Conference Call Logistics

Axis Capital is acting as the call leader for the event. Participants can join via dial-in numbers provided for domestic and international attendees. Pre-registration is recommended to minimize wait times.

International dial-in options are available for Hong Kong, Singapore, the UK, and the USA. For further information, investors may contact Nishit Jalan, Managing Director – Auto at Axis Capital, or Vijay Pandey, VP Equity Research – Auto.