Landmark Cars Limited — Updates, 17-01-2025: Press Release

Consolidated total revenue from operations for the quarter and nine months ending December 31, 2024, rose significantly, reaching ₹1,645 Cr, a 26.34% year-over-year increase, and ₹4,077 Cr for the nine months, up 21.48% from the previous year. Vehicle sales, including agency sales, saw a robust growth of 29.93% year-on-year at ₹1,363 Cr for Q3FY25, with pre-owned vehicle sales increasing by 38.46%. The company has successfully initiated operations at seven facilities for Mahindra & Mahindra and Kia in Hyderabad, with plans to complete 24 new outlets within the fiscal year.

Notably, a series of promising new products were unveiled from partner OEMs, expected to boost sales in the near future, including vehicles from Mahindra, MG, Kia, BYD, and Honda. The company is also focused on reducing inventory levels, which remain significantly below the industry average. The opening of new workshops is anticipated to enhance growth in the service business, with several set to commence operations in the upcoming quarters. Positive momentum evident in these results indicates a favorable outlook for Landmark Cars Limited moving forward.