Landmark Property Development Company Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹149.42 lakh compared to a net loss of ₹372.15 lakh in the previous year. The turnaround was driven by a significant increase in revenue from operations, which rose to ₹734.86 lakh from ₹117.30 lakh in FY25. The company’s total income for the year stood at ₹816.41 lakh.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹128.15 lakh on a total income of ₹599.82 lakh. This compares to a net loss of ₹4.32 lakh on a total income of ₹15.34 lakh in the corresponding quarter of the previous year. The basic and diluted earnings per share for the year were ₹0.11, compared to a loss of ₹0.28 per share in FY25.

The board of directors approved the audited financial results at a meeting held on May 26, 2026. The statutory auditors, V. Sankar Aiyar & Co., conducted an audit of the results in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and issued an unmodified opinion.

Financial Performance

The company’s expenses for the year totaled ₹618.13 lakh, up from ₹533.08 lakh in the previous year. The profit before tax for FY26 was ₹198.28 lakh, a significant improvement from the loss before tax of ₹356.50 lakh in FY25. The total comprehensive income for the year was ₹149.44 lakh.

Key Disclosures

The auditors drew attention to an emphasis of matter regarding the recoverability of space booking advances from Eterna Living Pvt. Ltd. The gross amount of ₹3,511.15 lakh is stated net of a provision of ₹1,600.00 lakh, resulting in a net carrying amount of ₹1,911.15 lakh as of March 31, 2026. The company and Eterna Living mutually agreed to cancel the remaining space booking arrangement during the quarter, and a Refund and Settlement Agreement was executed on March 27, 2026.

As per the agreement, Eterna Living has irrevocably agreed to refund ₹3,526.15 lakh to the company on or before September 26, 2026. The company received ₹15.00 lakh during the current quarter, which has been adjusted against the outstanding balance. The balance amount has been reclassified to "Refund receivable against advance paid for acquisition of property" under other current financial assets.

Landmark Property Development Company Limited has notified the stock exchanges of an upcoming Board of Directors meeting, in compliance with Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, dated May 18, 2026, was submitted to both BSE Limited and the National Stock Exchange of India Ltd.

Board Meeting Details

The following key details have been disclosed regarding the scheduled board meeting:

Regulatory Compliance

The intimation was filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to notify stock exchanges in advance of board meetings where financial results are to be considered. The company has duly communicated this notice to both BSE Limited and the National Stock Exchange of India Ltd.

The trading window closure, a standard regulatory requirement during periods when unpublished price-sensitive information is being considered, is set to end on May 28, 2026, two days after the scheduled board meeting. The intimation was signed by Ankit Bhatia, Company Secretary of Landmark Property Development Company Limited, on May 18, 2026.