Landmark Cars Limited reported a 120% year-on-year growth in profit after tax to INR 38 crore for the financial year ended March 31, 2026, driven by strong operational performance and cost optimization. For the quarter ended March 31, 2026, profit after tax surged 758% year-on-year to INR 15 crore. The company achieved its highest-ever annual EBITDA of INR 283 crore in FY26, while after-sales revenue crossed the INR 1,000 crore milestone. The Board has approved a dividend of INR 1.5 per share for the financial year, subject to shareholder approval.

The financial results were discussed during an earnings conference call held on May 27, 2026, where the management highlighted a 20% year-on-year top-line growth, outpacing the industry growth of 13%. For Q4 FY26, reported revenue stood at INR 1,279 crore, a 17% increase, while EBITDA rose 30% to INR 79 crore. The average selling price for new vehicles increased to INR 23 lakh, and the average revenue per vehicle service grew to INR 30,072.

Financial Performance Summary

Operational Highlights

The after-sales business emerged as a key growth driver, generating INR 1,051 crore in annual revenue, a 12% year-on-year increase. Management noted that the company is now in a consolidation phase, focusing on optimizing operations and sweating existing assets after a period of rapid expansion. The company generated a net operating cash flow of INR 267 crore for the year, maintaining a strong focus on cash generation.

Regarding the capital expenditure outlook for FY27, management indicated a return to historical levels of approximately INR 50 crore, barring any specific expansion requirements. The company also highlighted its strategic positioning in the electric vehicle (EV) segment, where EVs contribute over 21% of total sales, supported by partnerships with BYD, Mahindra & Mahindra, and MG Motors.

Landmark Cars has filed an application with stock exchanges to reclassify a member of its promoter group to the public category. The company submitted the request to BSE Limited and National Stock Exchange of India Limited on May 30, 2026, under Regulation 31A of the SEBI (LODR) Regulations, 2015. The move aims to change the status of shareholder Spruha Satish Mehta from the promoter group to the public category.

The reclassification application follows the provisions of the SEBI LODR Regulations and its amendments. Landmark Cars disclosed that the specific shareholder in question does not currently hold any equity shares in the company. The filing was made to ensure compliance with regulatory requirements regarding changes in shareholding categories.

Details of the Reclassification

The disclosure provides specific details regarding the outgoing promoter group shareholder involved in this regulatory change. The table below outlines the shareholding status of the individual prior to the reclassification request.

The company stated that the exchanges have been requested to take the application on record. The reclassification process is subject to approval by the relevant regulatory authorities. Amol Arvind Raje, Company Secretary & Compliance Officer of Landmark Cars, signed the intimation dated June 03, 2026.