ALFA Finder
The call ran from 9:01 AM to 10:02 AM IST (1 h 2 min).
Key takeaways
Management reported its highest-ever EBITDA, driven by high-margin after-sales service and strong performance from new brands (BYD, MG, Mahindra), offsetting Q2 weather disruptions in Gujarat.
| Revenue growth | After-sales grew 11%; record EBITDA achieved despite Gujarat flood disruptions. |
|---|---|
| Margins | New car sales EBITDA reached 40% of total EBITDA; margins sustaining. |
| Order book | Mercedes GLC Electric and BYD Denza sold out for next quarter. |
| Demand visibility | Strong festive momentum and secular growth in third-largest global PV market. |
| Management confidence | Confident; emphasizing resilience of service-led model and EV transition leadership. |
Growth
After-sales revenue grew 11% with record ₹30,300+ ticket size per service; new brands now hold top revenue positions.
Outlook
Projected capex of ₹80 Cr for FY27; second half of year historically contributes 55-60% of profits.
Risks
High inventory levels (35 days) vs industry norms and potential regulatory changes in motor insurance commissions.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Landmark Cars Q2 FY27 Results: Net Profit ₹18.5 Cr, Up 1133.3% YoY
Landmark Cars Ltd reported revenue from operations of ₹1,452 Cr (+19.9% YoY) and net profit of ₹18.5 Cr (+1133.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹18.5 Cr · +1133.3% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Projected capex of 50 Cr for FY27; expect consolidated performance to surpass FY23 peaks by FY28.
Growth they described
Pro-forma revenue grew over 22% YoY; Net Profit nearly doubled. High growth fueled by ASP increases at Mercedes and strong traction in EV segments.
Call details
| Company | Landmark Cars Ltd |
|---|---|
| NSE symbol | LANDMARK |
| ISIN | INE559R01029 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 9:00 AM IST |
| Length | 1 h 2 min |
| Audio | Our stream on YouTube ↗ |
Landmark Cars Ltd: key numbers
- Share price
- ₹476.00
- Market cap
- ₹1,974 Cr
- Revenue (annual)
- ₹4,896 Cr
- Net profit (annual)
- ₹37.31 Cr
- P/E (TTM)
- 31.7×Sector 65.7×
- Promoter holding
- 49.93%+0.00% QoQ
- FII holding
- 2.22%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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