Landmark Cars Limited — Important, 15-04-2025: Updates

Consolidated total revenue from operations for the quarter and year ended March 31, 2025, reached ₹1,525 Cr, a 17.31% increase year-over-year, although it declined 8.63% quarter-over-quarter. Vehicle sales amounted to ₹1,257 Cr, a year-over-year rise of 21.10%, while pre-owned vehicle sales dropped sharply by 45% to ₹22 Cr. The after-sales service, spare parts, and others generated ₹246 Cr, reflecting a 10.81% year-on-year growth. Following aggressive expansion in FY25, Landmark Cars is now focused on stabilizing new outlets. Deliveries for several new vehicle models, including the Mahindra BE6 and BYD Sealion 7, commenced at the end of March 2025. The opening of 9 new workshops is expected to enhance service capabilities, with operations for the Mercedes-Benz Patna and Kia Hyderabad workshops slated to begin in Q1FY26, suggesting a potential recovery in the service business moving forward. Investors should monitor these developments closely for future growth opportunities.