Landmark Cars has executed an Asset Transfer Agreement to acquire an existing Kia Showroom business at Bowenpally, Hyderabad, following the receipt of Kia India's approval to operate a Kia showroom in Hyderabad, Telangana. For the Company, this will be the second Kia Showroom in Hyderabad and the fifth Kia outlet in the country. This showroom will be a part of M/s Landmark Premium Cars Private Limited, a wholly owned subsidiary company of Landmark Cars. The strategic move aligns with Landmark's vision to strengthen its footprint in its existing territories and consolidate its market presence. Landmark already has a strong presence with 7 outlets in Hyderabad across multiple brands, namely, Kia, Mahindra & Mahindra, and Mercedes-Benz. Powered by Capital Market - Live

However, Revenue from operations jumped 17.72% YoY to Rs 907.27 crore in the quarter ended 30 September 2024. Profit before tax (PBT) slumped 97.42% to Rs 0.48 crore in Q2 FY25 as compared to Rs 18.67 crore reported in Q2 FY24. EBITDA stood at Rs 54.8 crore in Q2 FY25, registering de-growth of 4.19% as compared with Rs 57.1 crore posted in corresponding quarter last year. EBITDA margin reduced to 6.04% in Q2 FY25 as against 7.42% in Q2 FY24. The company has operationalized 21 out of 23 new outlets planned for the year till date. Of these 12 were opened in Q2 FY25 and 6 were opened in Q3 FY25. These outlets were operational before the planned timeline and the capex remained within the budget Proforma revenue jumped 13.17% YoY to Rs 1,267.6 crore in Q2 FY25. On half year basis, the company's consolidated net profit tumbled 88.4% to Rs 3.16 crore in H1 FY25 as compared to Rs 27.19 crore recorded in H1 FY24. Revenue from operations jumped 18.74% YoY to Rs 1,739.25 crore in H1 FY25. The average selling price for new vehicle sold at Rs 20.80 crore in H1 FY25 as compared with Rs 19.73 crore recorded in H1 FY24. Landmark Cars is the leading premium automotive retail business in India with dealerships for Mercedes Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra and MG Motors. The company also caters to the commercial vehicle retail business of Ashok Leyland in India. The company has its presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles and facilitation of the sales of third party financial and insurance products. The scrip rose 0.83% to Rs 635.20 on the BSE. Powered by Capital Market - Live

Net loss of Landmark Cars reported to Rs 0.02 crore in the quarter ended September 2024 as against net profit of Rs 20.16 crore during the previous quarter ended September 2023. Sales rose 17.72% to Rs 907.27 crore in the quarter ended September 2024 as against Rs 770.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales907.27770.69 18 OPM %5.737.07 - PBDT36.5343.24 -16 PBT4.1818.67 -78 NP-0.0220.16 PL Powered by Capital Market - Live

Landmark Cars will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

This showroom will be established by Watermark Cars, a wholly owned subsidiary company of Landmark Cars. Landmark is already present in the city of Faridabad with its outlet for VW and with this outlet for BYD it will be able to enhance its operational efficiency BYD is the top New Energy Vehicle manufacturer worldwide and Landmark Cars is the largest partner for BYD in India with 4 outlets, with this being the 5th one,' the company said in a statement. Landmark Cars is the leading premium automotive retail business in India with dealerships for Mercedes Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra and MG Motors. The company also caters to the commercial vehicle retail business of Ashok Leyland in India. The company has its presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles and facilitation of the sales of third party financial and insurance products. The company's consolidated net profit dropped 54.84% to Rs 3.17 crore in Q1 FY25 as compared with Rs 7.02 crore in Q1 FY24. Revenue from operations jumped 19.89% YoY to Rs 831.97 crore in Q1 FY25. The scrip lost 0.98% to currently trade at Rs 641 on the BSE. Powered by Capital Market - Live

Landmark Cars has received a Letter of Intent from BYD India Pvt Ltd for opening a showroom in the city of Faridabad in Haryana. This showroom will be established by M/s Watermark Cars, a wholly owned subsidiary company of Landmark Cars. Landmark is already present in the city of Faridabad with its outlet for VW and with this outlet for BYD it will be able to enhance its operational efficiency. BYD is the top New Energy Vehicle manufacturer worldwide and Landmark Cars is the largest partner for BYD in India with 4 outlets, with this being the 5th one.Powered by Capital Market - Live

Revenue from After-sales service and spare parts and others aggregated to Rs 234 crore (up 10.90% YoY), Vehicle sales revenue amounted to Rs 1,013 crore (up 15.24% YoY) and earnings from sales of Pre-owned vehicle (including commission) added up to Rs 28 crore (down 6.67% YoY). For H1 FY25, the company has recorded a total revenue of Rs 2,439 crore, up 18.74% YoY. In the Q2FY25, the company operationalised all the 11 facilities as per the plan. The facilities for Kia Kolkata, Honda Jaipur, the additional outlet for BYD Mumbai (Sales), Mercedes-Benz Hyderabad (Aftersales) and MG Motors Mumbai (Aftersales) were started. In the Q3FY25, 7 facilities for Mahindra & Mahindra Hyderabad and Kia Hyderabad (Sales) have already started operations. The company has completed 23 out of the 25 new outlets planned for this FY well within the planned timeline. Multiple new product launches have been unveiled across our partner OEM's. All the new launches have received a very positive response, and we expect them to begin contributing positively in H2FY25,' Landmark Cars stated. In a market where the average new car inventory levels have increased from 62-67 days in Q1 to approximately 80-85 days in Q2 as per the latest FADA report, the company has been successful in reducing inventory from existing outlets QoQ. To avoid being stuck with excess inventory in a market where prices for used cars are falling, the company has taken a proactive decision to go slow on the pre-owned business. We will wait for the prices to stabilise before pushing the pedal,' it added. The company has opened 8 new workshops in Q1 and Q2 in addition to the workshops which will be opening in Q3 as a part of its plan. Once these workshops stabilise, they will start contributing to the long-term service business. Landmark Cars is the leading premium automotive retail business in India with dealerships for Mercedes Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra and MG Motors. The company also caters to the commercial vehicle retail business of Ashok Leyland in India. The company has its presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles and facilitation of the sales of third party financial and insurance products. The company's consolidated net profit dropped 54.84% to Rs 3.17 crore in Q1 FY25 as compared with Rs 7.02 crore in Q1 FY24. Revenue from operations jumped 19.89% YoY to Rs 831.97 crore in Q1 FY25. Powered by Capital Market - Live

Landmark Cars has received a Letter of Intent from Mercedes-Benz India for a dealership in Patna. This dealership will cater to the high potential geographies of Bihar and Jharkhand and will be established in the standalone i.e. Landmark Cars. The business will include Sales and After Sales of Mercedes-Benz cars. This aligns with the company's strategy of horizontal expansion through a rapidly growing luxury car brand in India, which also contributes positively to the company's profitability.Powered by Capital Market - Live

Landmark Cars announced that the Annual General Meeting (AGM) of the company will be held on 20 September 2024.Powered by Capital Market - Live

Landmark Cars announced that the Annual General Meeting (AGM) of the company will be held on 20 September 2024.Powered by Capital Market - Live