Landmark Cars Ltd

During the quarter, revenue from after-sales service and spare parts and others aggregated to Rs 246 crore (up 10.81% YoY), Vehicle sales revenue amounted to Rs 1,257 crore (up 21.10% YoY) and earnings from sales of Pre-owned vehicle (including commission) added up to Rs 22 crore (down 45% YoY). 'Deliveries began for multiple new models which were unveiled during the previous quarter. Notably amongst them, the new Mahindra BE6, XEV 9E and the BYD Sealion 7 started deliveries towards the end of March'25,' the company stated in exchange filing. The company said that once the operations stabilize, it expects the service business to go back to its historic growth rate. The operations for Mercedes-Benz Patna (Sales and Service) and the workshop for Kia Hyderabad will be operational in Q1FY26. In FY25, the company's revenue from operations jumped 20.86% to Rs 5,626 crore as compared with Rs 4,655 crore in FY24. The company has opened 9 new workshops in FY25. Landmark Cars is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, KIA and MG Motors. The company has its presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles and facilitation of the sales of third party financial and insurance products. The company's consolidated net profit declined 37.7% to Rs 11.36 crore in Q3 FY25 as compared with Rs 18.24 crore in Q3 FY24. Net sales jumped 24.6% YoY to Rs 1,195.03 crore during the quarter 31st December 2024.Powered by Capital Market - Live

Landmark Cars on 5th March 2025 has allotted 4,000 Equity Shares of face value of Rs. 5/- each of the Company under Landmark Cars Limited Employee Stock Options Scheme, 2018 to the eligible grantees, pursuant to exercise of stock options granted thereunder.Powered by Capital Market - Live

Landmark Cars has executed a bespoke Dealership Agreement with PCA Automobiles India (Stellantis Group Company) for sale and after sale business of Citroen car brand from Landmark's existing Jeep facilities in Mumbai region with no additional investment. This dealership will be a part of Landmark Lifestyle Cars, a wholly owned subsidiary company of Landmark Cars. Citroen will be the 11th brand for Group Landmark, which is known for other brands like Mercedes-Benz, BYD, Kia, Honda, etc. Powered by Capital Market - Live

Net profit of Landmark Cars declined 37.72% to Rs 11.36 crore in the quarter ended December 2024 as against Rs 18.24 crore during the previous quarter ended December 2023. Sales rose 24.58% to Rs 1195.03 crore in the quarter ended December 2024 as against Rs 959.25 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1195.03959.25 25 OPM %5.566.80 - PBDT50.0452.28 -4 PBT16.0126.06 -39 NP11.3618.24 -38 Powered by Capital Market - Live

Landmark Cars will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

MG Select, a new brand channel of MGI, is dedicated to developing the 'accessible luxury' segment in India. At launch the company will have two models, MG Cyberster and the MG M9 EV with more to follow later. Sales are expected to begin by May 2025. These dealerships will be established by Aeromark Cars, a wholly owned subsidiary company of Landmark Cars. This strategic collaboration with MGI expands the company's presence in the luxury market and aligns with Landmark's twin strategy of horizontal expansion by strengthening its relationship with the existing OEMs and vertical expansion by going deep into an identified geography to achieve operating leverage to strengthen its footprint in its existing territories and consolidate its market presence. With these dealerships, Landmark will not only consolidate its leadership position in Ahmedabad, it will also be able to increase its offerings in Kolkata where now it will deal in MG Select Products apart from its existing product offerings of Mercedes-Benz, Mahindra & Mahindra and Kia. Sanjay Thakker, promoter and chairman, Landmark Cars, said: 'I am very excited about the launch of the upcoming MG Select products. This new range has the potential to broaden the 'accessible luxury' market in India, and Landmark is well-positioned to capitalize on this growth. This initiative aligns perfectly with Landmark's strategy to grow with existing, profitable brands and strengthen our presence in our current geographies.' Landmark Cars is the leading premium automotive retail business in India with dealerships for Mercedes Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra and MG Motors. The company also caters to the commercial vehicle retail business of Ashok Leyland in India. The company has its presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles and facilitation of the sales of third party financial and insurance products. The company had reported a net loss Rs 0.02 crore in the quarter ended September 2024 as against net profit of Rs 20.16 crore during the previous quarter ended September 2023. Sales rose 17.72% to Rs 907.27 crore in Q2 FY25 as compared with Q2 FY24. The scrip shed 0.10% to currently trade at Rs 608.95 on the BSE. Powered by Capital Market - Live

Landmark Cars has received a letter of intent from JSW MG Motor India (MGI) to open new MG Select dealerships in Ahmedabad and Kolkata. MG Select, a new brand channel of MGI, is dedicated to developing the 'accessible luxury' segment in India. At launch the company will have two models, MG Cyberster and the MG M9 EV with more to follow later. Sales are expected to begin by May 2025. These dealerships will be established by M/s Aeromark Cars, a wholly owned subsidiary company of Landmark Cars. Powered by Capital Market - Live

Landmark Cars has executed an Asset Transfer Agreement to acquire an existing Kia Showroom business at Bowenpally, Hyderabad, following the receipt of Kia India's approval to operate a Kia showroom in Hyderabad, Telangana. For the Company, this will be the second Kia Showroom in Hyderabad and the fifth Kia outlet in the country. This showroom will be a part of M/s Landmark Premium Cars Private Limited, a wholly owned subsidiary company of Landmark Cars. The strategic move aligns with Landmark's vision to strengthen its footprint in its existing territories and consolidate its market presence. Landmark already has a strong presence with 7 outlets in Hyderabad across multiple brands, namely, Kia, Mahindra & Mahindra, and Mercedes-Benz. Powered by Capital Market - Live

However, Revenue from operations jumped 17.72% YoY to Rs 907.27 crore in the quarter ended 30 September 2024. Profit before tax (PBT) slumped 97.42% to Rs 0.48 crore in Q2 FY25 as compared to Rs 18.67 crore reported in Q2 FY24. EBITDA stood at Rs 54.8 crore in Q2 FY25, registering de-growth of 4.19% as compared with Rs 57.1 crore posted in corresponding quarter last year. EBITDA margin reduced to 6.04% in Q2 FY25 as against 7.42% in Q2 FY24. The company has operationalized 21 out of 23 new outlets planned for the year till date. Of these 12 were opened in Q2 FY25 and 6 were opened in Q3 FY25. These outlets were operational before the planned timeline and the capex remained within the budget Proforma revenue jumped 13.17% YoY to Rs 1,267.6 crore in Q2 FY25. On half year basis, the company's consolidated net profit tumbled 88.4% to Rs 3.16 crore in H1 FY25 as compared to Rs 27.19 crore recorded in H1 FY24. Revenue from operations jumped 18.74% YoY to Rs 1,739.25 crore in H1 FY25. The average selling price for new vehicle sold at Rs 20.80 crore in H1 FY25 as compared with Rs 19.73 crore recorded in H1 FY24. Landmark Cars is the leading premium automotive retail business in India with dealerships for Mercedes Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra and MG Motors. The company also caters to the commercial vehicle retail business of Ashok Leyland in India. The company has its presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles and facilitation of the sales of third party financial and insurance products. The scrip rose 0.83% to Rs 635.20 on the BSE. Powered by Capital Market - Live

Net loss of Landmark Cars reported to Rs 0.02 crore in the quarter ended September 2024 as against net profit of Rs 20.16 crore during the previous quarter ended September 2023. Sales rose 17.72% to Rs 907.27 crore in the quarter ended September 2024 as against Rs 770.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales907.27770.69 18 OPM %5.737.07 - PBDT36.5343.24 -16 PBT4.1818.67 -78 NP-0.0220.16 PL Powered by Capital Market - Live