Landmark Cars Limited has announced its business update for Q3 FY25, reporting significant growth in revenue and operational milestones. Consolidated revenue from operations, including agency sales, reached ₹1,645 crore, marking a 26.34% YoY increase and a 29.73% QoQ growth.
Key Highlights:
- Vehicle Sales: Total vehicle sales, including agency sales, surged by 29.93% YoY to ₹1,363 crore. On a QoQ basis, it increased by 34.82%, reflecting strong demand across segments.
- Pre-owned Vehicle Sales: Revenue from pre-owned vehicle sales rose by 38.46% YoY to ₹36 crore and 28.57% QoQ, underlining growing traction in this segment.
- After-sales Service and Spare Parts: Revenue in this segment increased by 8.37% YoY to ₹246 crore and 7.42% QoQ, indicating steady growth in recurring business.
- Nine-Month Performance: Total revenue for the nine months ended December 2024 stood at ₹4,077 crore, up 21.48% YoY. Vehicle sales contributed ₹3,293 crore, a 24.22% YoY increase.
Operational Achievements:
- Expansion: Seven new facilities, including Mahindra & Mahindra and Kia outlets in Hyderabad, commenced operations in November 2024. The company also acquired a Kia sales outlet in Hyderabad during December 2024. Landmark Cars has completed 22 of the 24 new outlets planned for FY25.
- Inventory Management: The company continued its focus on reducing inventory levels, maintaining a significantly lower inventory compared to the industry average of 60 days, as per the latest FADA report.
- New Products: Multiple new products, such as Mahindra BE.6 EV, MG Cyberster, and Kia Syros, have been unveiled, with more launches expected to contribute to sales.
- Workshops: Landmark Cars opened nine new workshops in the first nine months of FY25, with further expansions planned for Q4 FY25 and Q1 FY26.
The strong quarterly performance reflects Landmark Cars’ ability to capitalize on market opportunities, streamline operations, and introduce new offerings across its partner OEMs.
Disclaimer: The above information is provisional and subject to a limited review by statutory auditors.
TOPICS:
Landmark Cars