NSEUpdates2d ago · 14 Oct 2026, 01:51 pm

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Landmark Cars Limited · LANDMARK

✦ AI Summary▲ PositiveResults

Landmark Cars Limited has reported its Q2 FY 2026-27 business update, with consolidated total revenue from operations increasing 17.26% QoQ and 19.59% YoY to Rs. 1,943 Cr and Rs. 3,675 Cr respectively. The company has also entered a strategic partnership with OLX India to develop an integrated phygital pre-owned car platform.

Analysis Scores

Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment7/10

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Full Announcement

Landmark Cars Limited has informed the Exchange regarding 'Business Update for Q2 FY 2026-27 under Regulation 30 of SEBI (LODR) Regulations, 2015'.

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LANDMARK_14102026135115_LCL_Business_Update_2027_Q2FD.pdf

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Date: October 14, 2026 To, To, BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai- 400001 Scrip Code: 543714 Symbol: LANDMARK Sub.: Intimation under Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, the following is our business update for the quarter and half year ended September 30, 2026 (“the period”): 1. The consolidated total revenue from operations for the period are as below: Particulars Q2FY27 Q2FY26 Q1FY27 QoQ H1FY27 H1FY26 YoY (Rs. in Cr) (Proforma) (Proforma) (Proforma) (Proforma) (Proforma) Total Revenue from Operations (Including 1,943 1,657 17.26% 1,732 12.18% 3,675 3,073 19.59% Agency Sales) Vehicle sales (including Agency 1,662 1,403 18.46% 1,465 13.45% 3,127 2,584 21.01% Sales & Pre-Owned Vehicle Sales) * After-sales service and spare parts and 281 254 10.63% 267 5.24% 548 489 12.07% others * The proforma revenue from operations above includes revenue from the sale of cars through the Mercedes-Benz agency model. Under the agency agreement, customers now place orders directly with MBIL, on which LCL and LCEPL earn commission on each sale of Mercedes-Benz cars. 2. The Company recorded its highest-ever quarterly and half-yearly Total Revenue from Operations on a proforma basis, supported by outlet ramp-up and stabilization. While H1 is seasonally weaker than H2, business activity typically gains momentum during the festive period, which starts in October this year versus September last year. 3. Partner OEMs continue to drive new launches across the premium, luxury, and EV segments. Recent launches, including the Kia Sorento, MG Hector Tomahawk, and BYD Sealion 7 Dynamic, are expected to commence full-scale deliveries from October. Looking ahead, the next quarter will feature key launches such as the India-made Mercedes-Benz GLC EV and BYD’s luxury brand, Landmark Cars Limited CIN: L50100GJ2006PLC058553 | GSTIN: 24AABCL1862B1Z2 Registered Office: Landmark House, Opp. AEC, Near Gurudwara, S. G. Highway, Thaltej, Ahmedabad – 380059 Tel.: +91-7966185555 | Email: info@landmarkcars.in | Website: www.grouplandmark.in Denza. We also expect improved availability of the Mercedes-Benz CLA EV, following strong customer demand and initial supply constraints. 4. During the quarter, the Company entered a strategic partnership with OLX India, part of CarTrade Tech, to develop an integrated phygital pre-owned car platform, combining OLX India's digital reach with Landmark's physical retail network to offer customers an integrated car buying and selling experience. 5. Significant flooding in Gujarat during Q2FY27 affected business operations, impacting new vehicle sales and after-sales activities in the affected regions. 6. The Company remains optimistic about the festive season and expects to enter H2 on a strong footing, supported by a healthy pipeline of customer enquiries and bookings during the ongoing festive season while remaining mindful of interest rate hikes and evolving macroeconomic conditions. The above information is provisional on a consolidated basis and is subject to a limited review by the Statutory Auditors of the Company. This is for your information and for public at large. Thanking you, Yours faithfully, For Landmark Cars Limited Amol Arvind Raje Company Secretary & Compliance Officer Mem. No.: A19459 Landmark Cars Limited CIN: L50100GJ2006PLC058553 | GSTIN: 24AABCL1862B1Z2 Registered Office: Landmark House, Opp. AEC, Near Gurudwara, S. G. Highway, Thaltej, Ahmedabad – 380059 Tel.: +91-7966185555 | Email: info@landmarkcars.in | Website: www.grouplandmark.in