Landmark Cars shares surged over 6% following the release of its Q1 consolidated results, reflecting strong growth across key financial metrics. As of 9:57 AM, the shares were trading 5.86% higher at Rs 505.00.
The company reported a revenue increase of 27.6%, reaching Rs 1,062 crore compared to Rs 832 crore in the same quarter last year. Net profit more than doubled, climbing 115.6% to Rs 6.90 crore from Rs 3.20 crore previously. EBITDA also saw a healthy rise of 25.8%, standing at Rs 61 crore versus Rs 48.50 crore, with the margin remaining steady at 5.7% compared to 5.8% last year.
Landmark Cars’ robust quarterly performance and optimistic outlook have boosted investor confidence, driving the stock price from a previous close of Rs 477.05 to trade between Rs 503 and Rs 525. Over the past year, the stock has shown significant strength, with a 52-week low of Rs 329.80 and a high of Rs 703.
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