Landmark Property Development Company Limited , a real estate development firm, has reported a significant reduction in its net loss for the quarter ended September 30, 2025. The company's financial performance shows signs of improvement compared to the same period last year.

Financial Highlights

Narrowed Losses

Landmark Property Development has managed to substantially reduce its net loss to Rs 3.27 lacs for the quarter ended September 30, 2025, compared to a net loss of Rs 387.50 lacs in the corresponding quarter of the previous year. This represents a significant improvement in the company's financial position.

Revenue Performance

The company's total income for Q2 FY2026 stood at Rs 15.46 lacs, which is lower than the Rs 45.58 lacs reported in the same quarter last year. For the half-year period ended September 30, 2025, the total income was Rs 32.08 lacs, down from Rs 98.47 lacs in the corresponding period of the previous year.

Operational Focus

Landmark Property Development Company Limited continues to focus primarily on real estate development. The company's financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Auditor's Review

The unaudited financial results for the quarter and half-year ended September 30, 2025, have undergone a limited review by the statutory auditors. The auditors have expressed an unmodified opinion on the results, as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Concerns

The auditors have drawn attention to the recoverability of space booking advances from Ansal Landmark (Karnal) Township Pvt. Ltd. As of September 30, 2025, the gross amount outstanding is Rs 3,526.15 lacs, with a net amount of Rs 1,926.15 lacs after making a provision of Rs 1,600 lacs.

Outlook

While the company has significantly reduced its losses, the decrease in total income suggests ongoing challenges in the real estate sector. Landmark Property Development's ability to convert its advances into tangible assets and generate revenue from its operations will be crucial for its future performance.

Investors and stakeholders will likely keep a close watch on the company's efforts to improve its operational performance and address the concerns raised regarding the recoverability of advances in the coming quarters.

Landmark Property Development Company Limited , a real estate developer, has reported a net loss of Rs 0.68 lacs for the quarter ended June 30, 2025, marking a significant downturn from the profit of Rs 5.72 lacs recorded in the same quarter last year. The company's financial performance reflects challenges in the real estate sector.

Financial Highlights

• Total Income: Decreased to Rs 16.62 lacs from Rs 32.00 lacs year-over-year
• Revenue from Operations: Fell to Rs 11.95 lacs from Rs 40.94 lacs in the previous quarter
• Earnings per Share: Stood at Rs -0.001

Operational Performance

Landmark Property Development, primarily engaged in real estate development, faced a substantial decline in its operational revenue. The sharp drop in revenue from operations, from Rs 40.94 lacs in the previous quarter to Rs 11.95 lacs in the current quarter, indicates a significant slowdown in the company's core business activities.

Financial Position and Concerns

The auditors have highlighted concerns regarding the recoverability of space booking advances. As of June 30, 2025, the company has outstanding space booking advances of Rs 3,526.15 lacs from Ansal Landmark (Karnal) Township Pvt. Ltd. The company has already made provisions of Rs 1,600.00 lacs against these advances, reflecting the management's cautious approach to potential risks.

Legal Challenges

Landmark Property Development is currently facing legal disputes related to its past mining operations in Odisha. The company has received demand notices totaling Rs 118.95 lacs, which include:

1. A demand of Rs 105.90 lacs for alleged excess extraction/production of minerals over permitted quantities during 2000-01 to 2010-11.
2. An additional demand of Rs 13.05 lacs towards differential Dead Rent for the period July 2010 to December 2014.

The company has filed appeals and a writ petition against these demands, maintaining that all dues were paid when the mine was operational and that the minerals were used for captive purposes in their refractory unit.

Management's Response

The company's management, led by Managing Director Gaurav Dalmia, has taken a conservative approach to financial reporting. They have made provisions for potential losses and are actively addressing the legal challenges. The board of directors approved these unaudited financial results in a meeting held on August 8, 2025.

Market Impact

The financial results and ongoing legal issues may impact investor confidence in Landmark Property Development. The company's stock performance will likely reflect these challenges in the coming trading sessions.

As the real estate sector continues to face headwinds, Landmark Property Development's performance in the upcoming quarters will be crucial in determining its ability to navigate through these challenging times and return to profitability.