Q3 2026 Landmark Cars Ltd Earnings Call Transcript
Key Points
- Landmark Cars Ltd (BOM:543714) reported its strongest quarter to date, with record levels in revenue, gross profit, and EBITDA.
- The company generated over ₹265 crores of net cash flow from operating activities in the first nine months, demonstrating strong cash generation capabilities.
- Landmark Cars Ltd (BOM:543714) has a diversified OEM portfolio, including brands like Mercedes-Benz, Renault, Volkswagen, and Stellantis, which are expected to benefit from the India-EU FTA.
- The company has expanded its network with new outlets for Mercedes-Benz in Bhopal and Mahindra in Hyderabad, indicating growth in its dealership footprint.
- After-sales business delivered a record quarter with the highest revenue and year-on-year growth, outperforming recent trends.
- The company's new brands are not yet as profitable as the established ones, indicating a potential drag on overall profitability.
- There is uncertainty regarding the exact impact and implementation timeline of the India-EU FTA, making it difficult to quantify future benefits.
- Employee costs and other operating expenses remain a concern, although they are being managed within targeted thresholds.
- The gross profit margin showed only a marginal improvement, which may not meet investor expectations for significant growth.
- There is a risk of demand postponement for certain models due to anticipated price reductions from the India-EU FTA, potentially affecting short-term sales.
Ladies and gentlemen, good day and welcome to Landmark Cars Q3 FY26 earnings call hosted by Monarch Networth Capital Limited. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company as on the date of this call.
These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) I now hand the conference over to Mr. Rahul Dani, Monarch Networth Capital Limited. Thank you and over to you, sir.
Yeah, thank you. Good morning everyone. On behalf of Monarch Networth Capital, I welcome you all to Landmark Car Q3 FY26 earnings call. From the management side we have Mr. Sanjay Thakker, Promoter, Chairman and Executive Director; Mr. Aryaman Thakker, Executive Director; and Mr. Surendra Agarwal, Chief Financial Officer ; and SJAR Advisors. We will start the call with opening and remarks on the management and then Q&A. Thank
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