NewsEarningsLandmarc Leisure Corporation Reports Net Loss of Rs 60.60 Lakhs for Half-Year Ended September 2025Landmarc Leisure Corporation Reports Net Loss of Rs 60.60 Lakhs for Half-Year Ended September 2025
Landmarc Leisure Corporation reported a net loss of Rs 60.60 lakhs for the half-year ended September 30, 2025, compared to a profit of Rs 25.47 lakhs in the same period last year. Total revenue decreased to Rs 47.33 lakhs from Rs 124.32 lakhs. The company is shifting focus from wellness activities to films, media, and TV channel business. It faces challenges with insolvency proceedings involving two major counterparties, SKM Real Infra Limited and Shree Ram Urban Infrastructure Limited, where it has substantial deposits.
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Landmarc Leisure Corporation has reported a net loss of Rs 60.60 lakhs for the half-year ended September 30, 2025, marking a significant downturn from the profit of Rs 25.47 lakhs recorded in the same period last year. The company's financial performance has been impacted by a sharp decline in total revenue, which fell to Rs 47.33 lakhs from Rs 124.32 lakhs in the previous year.
Financial Highlights
The company's financial results for the half-year ended September 30, 2025, reveal several key points:
| Particulars | Half-Year Ended Sept 30, 2025 | Half-Year Ended Sept 30, 2024 |
|---|---|---|
| Total Revenue | 47.33 | 124.32 |
| Net Profit/(Loss) | (60.60) | 25.47 |
| EPS (Basic & Diluted) | (632.53) | 318.34 |
All figures in Rs lakhs, except EPS
Business Restructuring
Landmarc Leisure Corporation is undergoing a significant shift in its business focus. The company has decided to reduce its emphasis on wellness activities and concentrate on the films, media, and TV channel business. This strategic move aims to utilize the company's resources more effectively in developing its entertainment business segment.
Challenges and Ongoing Issues
The company is currently dealing with insolvency proceedings involving two major counterparties where it has substantial deposits:
SKM Real Infra Limited (formerly SKM Fabrics (Andheri) Limited): Landmarc has filed a claim of Rs 6,376.71 lakhs with the Insolvency Professional. The company's deposit with SKM as of September 30, 2025, stands at Rs 2,218.28 lakhs.
Shree Ram Urban Infrastructure Limited (SRUIL): Landmarc has a security deposit of Rs 1,500 lakhs with SRUIL under a Memorandum of Understanding for establishing and running a wellness center in the upcoming Palais Royale project. However, SRUIL has also gone into resolution under the Insolvency and Bankruptcy Code (IBC), making the fate of this MOU uncertain.
Financial Position
As of September 30, 2025, Landmarc Leisure Corporation's financial position shows:
- Total Assets: Rs 4,628.60 lakhs
- Total Liabilities: Rs 1,776.38 lakhs
- Equity Share Capital: Rs 8,000.00 lakhs
- Other Equity: (Rs 5,147.78 lakhs)
Future Outlook
The company is making efforts to find satisfactory solutions to its ongoing challenges and is hopeful of recovering equivalent values in due course. However, the shift in business focus and the ongoing insolvency proceedings with key counterparties may continue to impact the company's financial performance in the near term.
Investors and stakeholders should closely monitor the company's progress in its business restructuring efforts and the outcomes of the insolvency proceedings, as these factors are likely to play a crucial role in Landmarc Leisure Corporation's future performance and recovery.
Historical Stock Returns for Landmarc Leisure Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.72% | -5.47% | -27.11% | +41.52% | +37.50% | +536.84% |
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