Landmark Cars shares rally upto 13% post Q1 business update, revenue jumps over 22%

Synopsis

Landmark Cars shares rallied after the company reported record Q1FY27 sales, driven by strong vehicle deliveries and robust demand. Healthy growth in after-sales revenue and improved BYD supplies further supported the performance, while upcoming model launches across brands are expected to sustain sales momentum.

Landmark Cars shares rallied up to 13% to the day’s high of Rs 570 on BSE against the previous close of Rs 504 after the company reported its business update for the June 2026 quarter.

According to the filing with the exchange, the company reported its highest-ever first-quarter sales, driven by strong growth in both vehicle sales and after-sales segments. The company reported total revenue from operations (including agency sales) of Rs 1,733 crore for the June quarter (Q1 FY27), marking a 22.47% year-on-year increase from Rs 1,415 crore in the corresponding quarter last year.

Revenue from the vehicle sales business, which includes new vehicle sales, pre-owned vehicles and agency sales commissions, rose 24.15% year-on-year to Rs 1,465 crore in Q1FY27 against Rs 1,180 crore in Q1FY26.

Meanwhile, revenue from after-sales services, spare parts and related businesses grew 14.04% to Rs 268 crore, reflecting healthy demand for service and maintenance.

The company attributed the strong performance to the commencement of deliveries for several key models, including the Mercedes-Benz CLA, MG Majestor, and the new Renault Duster.

Also Read | Bitcoin climbs to $64,700 as softer US inflation eases US Fed rate hike concerns

Looking ahead, Landmark Cars expects the launch of new models across brands such as Mercedes-Benz, BYD, MG, Mahindra & Mahindra, Honda and KIA to support sales momentum in the coming quarters. The company also expects these launches to drive healthy sales momentum in the coming months.

The supply of BYD cars improved in the June quarter and further improvement is expected in the current quarter, according to the filing with the exchange.

Landmark Cars further said that supported by the ramp-up and stabilisation of newly opened workshops, the after-sales business delivered solid performance in line with company expectations. The company is also expanding its workshop network to strengthen its after-sales business.

It also benefited from improved supply conditions, particularly for electric vehicle manufacturer BYD, along with the ramp-up of recently opened service centres.

In the last one month, the stock gained 31.23% and in the last three months and six months, the stock was up 26.07% and 23.90%.

Also Read | Only 1 international mutual fund remains open for fresh SIPs and lumpsum investments

The stock fell nearly 25% in the last three years, followed by nearly 12% in the last two years. The shares of Landmark Cars was up 3.91% in the last one year.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

...moreless

...moreless