Landmark Cars Q2 PAT Soars 1130.9% YoY

Proforma Revenue: ₹19,457 Mn, up 17.4% from ₹16,572 Mn in Q2FY26
Reported Revenue from Operations: ₹14,516 Mn, up 19.9% from ₹12,109 Mn
Gross Profit: ₹2,279 Mn, up 16.4% from ₹1,958 Mn; Gross Profit Margin: 15.70% (vs 16.17%)
EBITDA: ₹862 Mn, up 45.7% from ₹592 Mn; EBITDA Margin: 5.94% (vs 4.89%)
EBIT: ₹468 Mn, up 124.9% from ₹208 Mn
Profit Before Tax: ₹245 Mn, up 3941.5% from ₹6 Mn; PBT Margin: 1.69% (vs 0.05%)
Profit After Tax: ₹185 Mn, up 1130.9% from ₹15 Mn; PAT Margin: 1.27% (vs 0.12%)
Adjusted PAT (Before Net Ind AS effect): ₹198 Mn, up 554.3% from ₹30 Mn
Basic/Diluted EPS: ₹4.46 vs ₹0.29
Employee Cost: ₹763 Mn vs ₹738 Mn
Other Expenses: ₹653 Mn vs ₹629 Mn
Finance Cost: ₹218 Mn vs ₹202 Mn
Exceptional Item: ₹5 Mn vs ₹0 Mn
Tax: ₹60 Mn vs -₹9 Mn

Proforma Revenue: ₹36,781 Mn, up 19.7% from ₹30,723 Mn
Reported Revenue from Operations: ₹27,540 Mn, up 21.2% from ₹22,726 Mn
Gross Profit: ₹4,326 Mn, up 13.8% from ₹3,802 Mn; Gross Profit Margin: 15.71% (vs 16.73%)
EBITDA: ₹1,614 Mn, up 28.8% from ₹1,253 Mn; EBITDA Margin: 5.86% (vs 5.52%)
EBIT: ₹857 Mn, up 67.6% from ₹511 Mn
Profit Before Tax: ₹437 Mn, up 316.3% from ₹105 Mn; PBT Margin: 1.59% (vs 0.46%)
Profit After Tax: ₹330 Mn, up 272.5% from ₹89 Mn; PAT Margin: 1.20% (vs 0.39%)
Adjusted PAT (Before Net Ind AS effect): ₹359 Mn, up 224.4% from ₹111 Mn
Basic/Diluted EPS: ₹7.97 vs ₹1.96
Employee Cost: ₹1,456 Mn vs ₹1,373 Mn
Other Expenses: ₹1,256 Mn vs ₹1,176 Mn
Finance Cost: ₹415 Mn vs ₹406 Mn
Exceptional Item: ₹5 Mn vs ₹0 Mn
Tax: ₹106 Mn vs ₹16 Mn

After-sales revenue grew by 11.4% YoY in Q2FY27 despite floods disrupting workshop operations in Gujarat
The company crossed ₹10,000 Mn in after-sales revenue in FY26
Inventory levels were strategically increased ahead of the festive season to cater to anticipated demand
The festive season started very well with a healthy pipeline of customer bookings for newly launched models
Employee costs and other expenses as a percentage of revenue remain below the targeted 4% of Proforma Revenue

Strong portfolio of brands with outlet count and market share (wholesale) in India for H1FY27:

Mercedes-Benz: 24 outlets, 16.1% share (#1 Partner)
BYD & Denza: 10 outlets, 20.4% share (#1 Partner)
MG: 17 outlets, 4.2% share
Mahindra: 12 outlets, 0.5% share
Honda: 24 outlets, 6.5% share (#1 Partner)
Kia: 9 outlets, 0.8% share
Renault: 9 outlets, 2.8% share
Volkswagen: 21 outlets, 7.2% share
Jeep & Citroën: 13 outlets, 19.2% share (Jeep), 3.5% share (Citroën) (#1 Partner)
Ashok Leyland: 4 outlets, 2.2% share

Unveiling of Denza Cars happening on November 13, 2026; outlet yet to be opened
Received LOI from JSW Motors; setup process ongoing for dealerships in Ahmedabad and Bhopal
Multi-Brand AI-enabled Jogeshwari Workshop, Mumbai: 106,000+ sq. ft. facility housing Mercedes-Benz, BYD and Jeep
India's First AI-Powered Vehicle Scanner with 13 cameras and LiDAR, capturing ~150 images in 4-5 seconds
Workshop consolidation strategy replacing three existing Mumbai workshops

Collaborated with OLX India (part of CarTrade Tech Ltd) for integrated "phygital" pre-owned car buying & selling experience

The auto industry continues its strong growth trajectory after GST 2.0 reforms
Luxury vehicle sales in India accelerated at double-digit pace in first nine months of 2026 (~10% to 38,000 units)
Indian passenger vehicle sales show pronounced shift towards higher price bands and alternative fuel options
₹12-20 lakh segment grew significantly while lower segments experienced slight decline
Compact SUVs have become increasingly popular

Key management personnel include: