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Landmark Cars has received a letter of intent from JSW MG Motor India (MGI) to open a new MG Experia showroom in Vastral, Ahmedabad, Gujarat. This dealership will be established by Aeromark Cars, a wholly owned subsidiary of Landmark Cars. This will be Landmark`s 17th MG Motor Outlet and would entail Sales of MG Cars. This would be the company`s 2nd sales outlet for JSW MG Motors in Ahmedabad and the 17th outlet overall. MG Motos is a leading player in the new energy vehicle segment with multiple new launches planned. In the last couple of years, MG has become a meaningful part of Landmark`s portfolio, and this addition will help in strengthening Landmark`s partnership with JSW MG Motor India.

Landmark Cars announced that the Board of Directors of the Company at its meeting held on 26 May 2026, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

Net profit of Landmark Cars rose 958.45% to Rs 15.03 crore in the quarter ended March 2026 as against Rs 1.42 crore during the previous quarter ended March 2025. Sales rose 17.16% to Rs 1278.52 crore in the quarter ended March 2026 as against Rs 1091.22 crore during the previous quarter ended March 2025.For the full year,net profit rose 134.21% to Rs 37.31 crore in the year ended March 2026 as against Rs 15.93 crore during the previous year ended March 2025. Sales rose 21.63% to Rs 4896.23 crore in the year ended March 2026 as against Rs 4025.50 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1278.521091.22 17 4896.234025.50 22 OPM %5.925.01 -5.415.51 - PBDT59.3439.93 49 203.16160.82 26 PBT22.294.35 412 53.9429.88 81 NP15.031.42 958 37.3115.93 134 Powered by Capital Market - Live News

Landmark Cars will hold a meeting of the Board of Directors of the Company on 26 May 2026.

Landmark Cars  will cease to operate its Volkswagen Delhi NCR business w.e.f. 31 March 2026. This dealership consisted of one showroom and one workshop. The company has objectively taken this decision to reduce its losses arising from non-performing operations. This move is in line with the company`s strategy to rationalize costs, while continuing to focus on improving operational efficiency and profitability. The Company will continue to run Volkswagen operations in the State of Gujarat, which contributes positively to its business. Given that the locations in Delhi NCR have been in existence for multiple years, the assets have already been depreciated. As a result, minimal financial impact is expected in the books.Powered by Capital Market - Live News