Landmark Cars Ltd
NSE:LANDMARK
Landmark Cars Ltd
Landmark Cars Ltd. provides auto dealership services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2022-12-23. The firm also has a commercial vehicle dealership with Ashok Leyland in India. The company has a presence across the automotive retail value chain, including sales of new vehicles; after-sales service; repairs, including sales of spare parts, lubricants and accessories; sales of pre-owned passenger vehicles; and facilitation of the sales of third-party finance and insurance products. Its network includes approximately 112 outlets in eight Indian states and union territories, comprised of 59 sales showrooms and outlets, and 53 after-sales services and spare outlets. The firm offers repair and collision repair services, including both warranty work and insurance claim work, and customer-paid services. The company operates as an authorized service center for Mercedes-Benz, Honda, Volkswagen, Jeep, Renault and Ashok Leyland.
Landmark Cars Ltd. provides auto dealership services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2022-12-23. The firm also has a commercial vehicle dealership with Ashok Leyland in India. The company has a presence across the automotive retail value chain, including sales of new vehicles; after-sales service; repairs, including sales of spare parts, lubricants and accessories; sales of pre-owned passenger vehicles; and facilitation of the sales of third-party finance and insurance products. Its network includes approximately 112 outlets in eight Indian states and union territories, comprised of 59 sales showrooms and outlets, and 53 after-sales services and spare outlets. The firm offers repair and collision repair services, including both warranty work and insurance claim work, and customer-paid services. The company operates as an authorized service center for Mercedes-Benz, Honda, Volkswagen, Jeep, Renault and Ashok Leyland.
Record Quarter: Q3 FY '26 was Landmark Cars' strongest yet, with all-time high revenue, gross profit, and EBITDA.
Revenue Growth: Total reported revenue for Q3 was INR 1,345 crores, up 12.6% year-on-year.
Margin Expansion: Gross margin improved sequentially, reaching 16.4%; EBITDA margin stood at 5.9%.
Aftersales Strength: Aftersales revenue rose 13.1% YoY, with record quarterly performance and ongoing ramp-up in newer workshops.
Cost Discipline: Employee and operating expenses were maintained below the 4.4% target of proforma revenue.
Policy Tailwinds: Management expects long-term benefits from recent India-EU FTA and other trade reforms, especially for premium/luxury OEMs.
Premium Segment Focus: Mercedes-Benz, Mahindra, BYD, Renault, MG, and other key partners are launching multiple new models in coming quarters.
Strong Cash Generation: Net operating cash flow of INR 265 crores generated in the first nine months.
Outlook: Management remains optimistic on continued growth in premium/luxury and EV segments, but did not give specific FY '27 guidance.
