Landmark Cars Q4 FY26 profit jumps 955% as revenue rises

Company profile and dealership footprint

Landmark Cars Limited is an automotive retail company operating a dealership-led business in India. It runs sales and service operations for multiple OEM partners including Honda, Mercedes-Benz, Renault, Jeep, Volkswagen, Ashok Leyland, BYD, MG Motor, Mahindra and Mahindra, Citroen, and Kia. Alongside vehicle sales, the company also sells car accessories. The business model blends new vehicle retail, aftersales service, and allied products, which typically have different margin profiles. In the provided information, Landmark Cars is described as a small-cap company with a market capitalisation of ₹1,555.35 crore and is classified under the retail sector. The multi-brand mix is relevant because growth can vary by partner performance and by where the company adds new outlets.

Q4 FY26: net profit jumps nearly ten-fold

In the quarter highlighted as the final quarter of FY26, Landmark Cars reported a strong jump in consolidated profitability. Consolidated net profit was reported at ₹15 crore, up 954.85% year-on-year from ₹1.42 crore. Total revenue for the same quarter was reported at ₹1,280 crore, up 17.43% year-on-year from ₹1,090 crore. The data also quantified the top-line increase as an absolute ₹190 crore rise over the comparable quarter. A separate operational profitability data point in the provided text showed Q4 EBITDA at ₹75.6 crore (₹756 million) versus ₹54.7 crore (₹547 million) a year earlier. EBITDA margin for Q4 was reported at 5.92% compared with 5.01% in the prior-year quarter. Q4 net profit was also presented as ₹15.0 crore (₹150 million) compared with ₹1.422 crore (₹14.22 million) in the year-ago period, matching the “nearly ten-fold” description.

Q1 FY26: revenue from operations at ₹1,415 crore

For Q1 FY26, multiple items were provided that indicate strong growth in operating scale. One set of figures stated total revenue from operations at ₹1,415 crore and noted a 24.71% year-on-year rise. Another figure from the earnings call transcript stated quarterly revenue of ₹1,415 crore compared with ₹1,164 crore in the same period last year, reflecting year-on-year growth of 21.6%. In the same transcript, new car sales contributed about ₹1,181 crore across OEM partners, while aftersales revenue was ₹235 crore. Gross profit for the quarter was reported at ₹184 crore versus ₹161 crore in Q1 FY25, a growth of 14.8%, with gross profit margin stated at 17.4%. The transcript also reported EBITDA (referred to as “IITA”) of ₹66 crore with a margin of 6.2% on a reported revenue basis. Profit after tax in the transcript was ₹7 crore versus ₹3 crore in the same quarter last year, implying 114% year-on-year growth.

Q2 FY26: reported revenue growth and return to profit

The provided information also included Q2 FY26 disclosures and media summaries. One line stated Landmark Cars achieved 31% year-on-year revenue growth to ₹1,657 crore in Q2 FY26, while another result summary reported consolidated revenue of ₹1,210.917 crore (₹12,109.17 million), up 33.5% year-on-year. The same summary noted the company turned profitable with PAT of ₹4.502 crore (₹45.02 million) compared to a loss in Q2 FY2025. It also referenced “proforma revenue” of ₹1,657.2 crore (₹16,572.00 million), up 30.7% year-on-year, alongside “reported revenue” growth of 33.5%. Together, these figures indicate that the company reported strong year-on-year expansion in Q2, while also highlighting that different reporting bases were mentioned in the provided data.

TTM snapshot: revenue ₹4,896 crore, earnings ₹37.31 crore

A trailing twelve months (TTM) income statement snapshot was provided with headline line items. Revenue was listed as ₹48.96 billion, which normalises to ₹4,896 crore. Cost of revenue was listed at ₹40.95 billion, normalising to ₹4,095 crore, and gross profit was ₹8.01 billion, normalising to ₹801 crore. Earnings were listed as ₹373.11 million, which normalises to ₹37.31 crore. EPS was provided as 9.00, while net profit margin was listed at 0.76%. These TTM metrics provide a broader context beyond single-quarter swings and help frame profitability levels relative to revenue scale.

What management highlighted: growth vs industry and new capacity

The earnings call excerpt also compared company performance with the wider market. It stated that while the Indian passenger vehicle market grew 2.59% year-on-year in the first quarter on a volume basis, Landmark Cars achieved nearly 22% revenue growth, driven by strong deliveries in new car sales. The call noted profit before tax and profit after tax more than doubled over the same period last year, and referenced that underlying growth was stronger on “pre-IN India numbers” as described in the transcript. Operational expansion was also mentioned, including the operationalisation of a Mercedes-Benz showroom in Patna during July and an MG Select showroom and service centre in Ahmedabad, with deliveries and operations beginning in August. The transcript further stated Hyderabad operations were set to commence in the later part of Q2 FY26. In addition, it noted Mercedes-Benz India’s best-ever quarterly sales in April to June 2025, retailing 4,238 vehicles, up 10% year-on-year, and indicated top-end model sales rose by around 20% in that timeframe.

Margin and cost signals: employee expenses and financing

The provided narrative on Q3 FY26 stated that Landmark Cars achieved record revenue, gross profit, and EBITDA, driven by its positioning in the evolving passenger vehicle market. It also flagged challenges in employee expenses and workshop productivity as ongoing concerns, even as management remained optimistic about disciplined cost management and operational efficiency. Separately, consolidated financials for the year ending March 31, 2025 stated the company spent 1.84% of operating revenues on interest expenses and 6.18% on employee cost. These cost ratios matter for dealership businesses where working capital and staffing intensity can influence margins. The Q1 FY26 transcript also explained that faster growth in new car sales versus aftersales impacted gross profit margin year-on-year.

Stock moves and key price points mentioned

The provided text included multiple snapshots of Landmark Cars’ share price response around results and different dates. One quote stated the stock was at ₹379.35, up ₹15.35 (+4.22%), with a day’s high range shown as ₹366.05 to ₹384.50. Another market update said the stock moved up 1.87% from the previous close, last trading at ₹375.10, and referenced a previous closing price around ₹368.25 to ₹369.25 on May 15, 2026. The share price “as on 22nd June 2026” was listed as ₹453.85. A separate line stated the share price jumped 15% to ₹547 on August 13 following the release of Q1 FY26 financial results, and also noted the stock had declined 17% in 2025 while the Nifty 50 gained 2%.

Corporate actions and ownership-related updates

Landmark Cars informed the exchange about an updated schedule for an earnings conference call with analysts and investors on Wednesday, February 11, 2026 at 10:30 AM IST to discuss unaudited financial results for the quarter and nine months ended December 31, 2025. The company also submitted that it entered into a Share Purchase Agreement to acquire the remaining 17% equity shares of Landmark Cars (East) Private Limited. Following this transaction, Landmark Cars (East) Private Limited would become a wholly owned subsidiary. The provided text also stated that Goldman Sachs and Polar Capital Funds sold shares in Landmark Cars on Thursday, described in the context of the stock’s underperformance.

Key financial and operating numbers at a glance

Below is a consolidated table of major figures explicitly cited across the provided information, normalised to ₹ crore where applicable.

Why the update matters for investors tracking auto retail

The quarter-end profit jump to ₹15 crore alongside double-digit revenue growth underscores how sensitive reported profitability can be to operating leverage in dealership networks. The set of updates also points to active network expansion, with references to new showrooms and service centres becoming operational across cities like Patna and Ahmedabad. At the same time, the data highlights a recurring margin discussion: faster growth in new car sales can dilute gross margin compared with a higher share of aftersales, even if overall gross profit rises. The cost ratios disclosed for FY25, including interest expense at 1.84% of operating revenue and employee cost at 6.18%, add another layer for investors evaluating how growth is being funded and serviced. Share price reactions described in the provided text suggest earnings releases have been key near-term catalysts for the stock.

Conclusion

Landmark Cars’ FY26 updates combined strong quarterly growth with clear signals on mix, costs, and expansion activity across its dealership network. The next confirmed milestones referenced in the provided information include scheduled investor communication through the earnings conference call and the completion steps related to acquiring the remaining 17% stake in Landmark Cars (East) Private Limited.