Shares of Landmark Cars Ltd (NSE: LANDMARK, BSE: 543714) declined 3.77% to ₹491.95 in early trading on February 13, following the company’s Q3 FY25 results that showed a 38% drop in net profit.
Q3 FY25 Financial Performance
Landmark Cars reported revenue of ₹1,195.03 crore, marking an increase from ₹959.25 crore in the same quarter last year. However, net profit declined to ₹11.81 crore, compared to ₹18.48 crore in Q3 FY24, reflecting a 38% year-on-year drop.
Other key financial metrics:
- Total Income: ₹1,198.07 crore (vs. ₹961.10 crore YoY)
- Earnings Per Share (EPS): ₹2.75 (vs. ₹4.45 YoY)
- EBITDA Margin: 5.6% vs. 6.8% YoY
- Nine-month revenue: ₹2,941.42 crore, up 20.98% YoY
Stock Performance
- Previous Close: ₹511.20
- Day Range: ₹483.35 – ₹505.75
- Market Cap: ₹20.34 billion
Business Updates
The company continues its expansion efforts, acquiring Honda and Kia dealership businesses in Rajasthan and West Bengal. Additionally, Landmark Cars transitioned its Mercedes-Benz dealership model to an agency-based structure, impacting revenue recognition.
Another major change was the company’s decision to discontinue claiming GST input credit on demo cars, following new regulatory norms, which impacted inventory valuation.
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