Landmark Property Development Company Limited has delivered a strong financial performance in Q3FY26, demonstrating significant recovery and growth across key operational metrics. The real estate development company announced its unaudited quarterly results for the period ended December 31, 2025, showing marked improvement in profitability and revenue generation.

Financial Performance Highlights

The company's financial results for Q3FY26 showcase substantial growth compared to the previous year. Net profit reached ₹25.22 lacs, representing an 87.5% increase from ₹13.44 lacs recorded in Q3FY25. This improvement reflects the company's enhanced operational efficiency and market positioning in the real estate sector.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, demonstrates an even more dramatic turnaround in the company's financial position. Landmark Property Development achieved net profit of ₹21.27 lacs for the nine-month period, compared to a substantial loss of ₹368.33 lacs in the corresponding period of FY25.

Strategic Corporate Developments

The Board of Directors, in their meeting held on January 29, 2026, approved a significant strategic proposal regarding space booking advances from Eterna Living Private Limited. The company maintains outstanding advances of ₹3,526.15 lacs (gross) or ₹1,926.15 lacs (net) after provisions of ₹1,600.00 lacs as of December 31, 2025.

Considering the prolonged timeline and uncertainties associated with property allotment by Eterna Living Private Limited, the Board approved entering into an agreement for cancellation of booking and refund of advances. This proposal requires shareholder approval and represents a prudent approach to managing long-standing receivables.

Operational and Regulatory Updates

The company operates primarily in real estate development, which constitutes its single operating segment under Indian Accounting Standard 108. The financial results have been prepared in accordance with Indian Accounting Standards and reviewed by the Audit Committee before Board approval.

Landmark Property Development continues to address legacy mining-related matters, including ongoing legal proceedings regarding demand notices from Odisha mining authorities. The company maintains its position that all dues were properly paid during the operational period of its mining activities.

Earnings and Capital Structure

The company's paid-up equity share capital remains stable at ₹1,341.43 lacs, consisting of ordinary shares with a face value of ₹1 each. Basic and diluted earnings per share for Q3FY26 stood at ₹0.019, compared to ₹0.010 in Q3FY25, reflecting the improved profitability on a per-share basis.

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.