Landmark Cars turns profitable in Q2 with ₹1.2-cr net profit; revenue jumps 34%

Landmark Cars Ltd reported a consolidated net profit of ₹1.18 crore for the second quarter of the current fiscal (Q2FY26), marking a turnaround from a loss of ₹0.02 crore in the same period last year. The company’s revenue grew 33.5% year-on-year to ₹1,211 crore from ₹907 crore, driven by higher new car sales and steady demand recovery across brands.

EBITDA rose 5.5% YoY to ₹54.1 crore, though margins narrowed slightly to 4.5% from 5.7% a year ago due to temporary discounts and incentives on new cars to offset cess credit uncertainty. The company noted that gross profit margins were also impacted by higher new car revenue share and the ramp-up phase of newer workshops.

Landmark Cars said several outlets that were expected to break even in Q2FY26 faced delays due to market uncertainty but are now projected to achieve breakeven in Q3FY26, likely improving upcoming results.

The company also highlighted that October and November have seen strong sales momentum and improved margins following the GST reduction on new cars.

In line with industry developments, Honda, one of Landmark’s key partners, plans to launch 10 new models, including seven SUVs, by 2030, with a strong focus on hybrids and electric vehicles. Honda targets 5x growth in five years and 10x growth in a decade.

Shares of Landmark Cars Ltd ended lower by 1.61% at ₹603.50 on the NSE today, November 11.

For LIVE updates on Q2 results click here