Landmark Cars Limited held an Earnings Conference Call on May 27, 2026, to discuss its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The transcript of this call has been submitted to the stock exchanges. During the fourth quarter of FY26, the company reported a proforma revenue of ₹1,795 crore, an 18% year-on-year increase. The reported revenue stood at ₹1,279 crore, up 17% year-on-year. Gross profit was ₹219 crore, with a gross margin of 17.1%. EBITDA for the quarter grew 30% year-on-year to ₹79 crore, achieving an EBITDA margin of 6.2% on reported revenue. Profit after tax (PAT) witnessed a significant surge of 758% year-on-year, reaching ₹15 crore. The cash PAT for the quarter was ₹33 crore with a margin of 2.6%. The average selling price (ASP) of new vehicles increased to ₹23 lakh, and the average revenue per vehicle service rose to ₹30,072. For the full fiscal year 2026, proforma revenues grew by 19% to ₹6,719 crore. Reported revenues increased by 22% to ₹4,896 crore. After-sales revenue crossed the ₹1,000 crore mark, growing 12% year-on-year. The company achieved its highest-ever annual EBITDA of ₹283 crore, with an EBITDA margin of 5.8%. PAT for the year grew by 120% to ₹38 crore. The company generated net operating cash flow of ₹267.5 crore and proposed a dividend of ₹1.5 per share for FY26, subject to shareholder approval. The management highlighted strong performance across key segments, with annual top-line growth of 20% outpacing the industry. The after-sales business crossed ₹1,000 crore in annual revenue. Passenger vehicle sales grew by 13% year-on-year. The company emphasized a shift towards consolidation and optimization of operations. Future growth drivers include new launches from OEMs like Mercedes-Benz, BYD, Kia, Renault, Honda, and Stellantis. Landmark Cars is also focusing on increasing EV sales, which currently contribute over 21% of its sales. Discussions during the Q&A session covered the sustainability of margins, future expansion plans, the impact of EV servicing on revenues, demand outlook amidst price hikes, inventory management, and OEM relationships. The company indicated a focus on profitable growth and sweating existing assets in the current year.
