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Landmark Cars Limited Q2 FY26 earnings call summary

NSE: LANDMARK · BSE: 543714

Earnings call of 12 Nov 2025, summarised by AI from the filing.

Landmark Cars Q2 FY26 proforma revenue ₹1,657 cr (+31%), gross margin 16.2%; guides gross profit percentage up over 100 bps for balance of year.

Key takeaways

  1. Gross margin guidance Gross profit percentage for the balance part of the year to increase by over 100 bps.
  2. Cess impact Cess abolition led to discounts on new and demo cars, pressuring Q2 gross margins.
  3. Demand driver GST reduction and interest rate cuts drove October passenger car industry growth to nearly 5.5 lakh cars.
  4. Cess risk Compensation cess matter remains sub judice; outcome uncertain.

Original filing on BSE

Landmark Cars Limited Q1 FY27 results

As filed: Revenue ₹1,302 cr (+23% year on year), EBITDA ₹72.0 cr (+18% year on year), PAT ₹14.6 cr (+108% year on year), EBITDA margin 5.5% (−22 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,279 cr (+17% year on year), EBITDA ₹75.7 cr (+38% year on year), PAT ₹15.0 cr (+300% year on year), EBITDA margin 5.9% (+88 bps). Score 76 of 100, Above trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well above it. EBITDA margin rose 88 bps year on year. Revenue fell 5% from last quarter. Share price after the results: +13.5% in 30 days (Nifty 500: +0.9%).
  • Q3 FY26: Revenue ₹1,345 cr (+13% year on year), EBITDA ₹73.8 cr (+10% year on year), PAT ₹14.2 cr (+32% year on year), EBITDA margin 5.5% (−12 bps). Score 47 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA and profit before exceptional items growth were above it. EBITDA margin fell 12 bps year on year. Other income 26% of PBT. Share price after the results: −20.0% in 30 days (Nifty 500: −7.8%).
  • Q2 FY26: Revenue ₹1,211 cr (+34% year on year), EBITDA ₹54.0 cr (+6% year on year), PAT ₹2.0 cr, EBITDA margin 4.5% (−116 bps). Score 56 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was in line with it. EBITDA margin fell 116 bps year on year. Other income 500% of PBT. Tax rate -100%. Profit fell 71% from last quarter. Revenue rose ₹304 cr on a year ago, more than the ₹136 cr it added the year before. Share price after the results: −15.1% in 30 days (Nifty 500: −0.6%).
  • Q1 FY26: Revenue ₹1,062 cr (+28% year on year), EBITDA ₹61.0 cr (+22% year on year), PAT ₹7.0 cr (+133% year on year), EBITDA margin 5.7% (−27 bps). Score 77 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin fell 27 bps year on year. Other income 50% of PBT. Revenue rose ₹230 cr on a year ago, more than the ₹138 cr it added the year before. Share price after the results: +34.8% in 30 days (Nifty 500: +2.4%).
  • Q4 FY25: Revenue ₹1,091 cr (+26% year on year), EBITDA ₹55.0 cr (+4% year on year), PAT ₹2.0 cr (−82% year on year), EBITDA margin 5.0% (−109 bps). Score 38 of 100, Below trend. Revenue growth was well above the company's own trend; EBITDA growth was above it; profit growth was well below it. EBITDA margin fell 109 bps year on year. Other income 150% of PBT. Tax rate 50%. Revenue fell 9% from last quarter. Share price after the results: +12.7% in 30 days (Nifty 500: +1.7%).
  • Q3 FY25: Revenue ₹1,195 cr (+25% year on year), EBITDA ₹67.0 cr (+3% year on year), PAT ₹12.0 cr (−33% year on year), EBITDA margin 5.6% (−117 bps). Score 55 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was in line with it; profit growth was well below it. EBITDA margin fell 117 bps year on year.
  • Q2 FY25: Revenue ₹907 cr (+18% year on year), EBITDA ₹51.0 cr (−7% year on year), PAT ₹0.0 cr (−79% year on year), EBITDA margin 5.6% (−151 bps). Score 32 of 100, Below trend. EBITDA margin fell 151 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 33% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Landmark Cars Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.