Landmark Cars Limited (NSE: LANDMARK, BSE: 543714) has reported robust financial performance for the quarter and nine months ended December 31, 2024. The company’s revenue from operations surged to ₹1,195.03 crores in Q3 FY2025, marking a significant increase from ₹959.25 crores in the same quarter of the previous year.
Key Financial Highlights (Consolidated)
- Total Income: ₹1,198.07 crores in Q3 FY2025, compared to ₹961.10 crores in Q3 FY2024
- Net Profit: ₹11.81 crores in Q3 FY2025, down from ₹18.48 crores in Q3 FY2024
- Earnings Per Share (EPS): ₹2.75 (basic) for Q3 FY2025, compared to ₹4.45 in Q3 FY2024
- Total Revenue for Nine Months: ₹2,941.42 crores, a 20.98% increase from ₹2,430.85 crores in the same period last year
Despite strong revenue growth, net profit for the quarter saw a decline due to higher expenses, including increased employee benefits and finance costs.
The company continued its expansion with notable acquisitions in the Honda and Kia dealership businesses in Rajasthan and West Bengal, respectively. The company also reported a shift in its Mercedes-Benz dealership model, transitioning to an agency-based revenue structure where it earns commissions instead of direct car sales.
Additionally, Landmark Cars Limited has discontinued claiming GST input credit on demo cars following recent regulatory changes, affecting inventory valuation adjustments.
With a strong revenue base and an expanding dealership network, Landmark Cars Limited remains optimistic about future growth. The company expects its strategic showroom relocations and dealership acquisitions to enhance its market position.
