Archive · 11 Aug 2026
Landmark Cars Q1 Net Profit Nearly Doubles to ₹14.5 Crore
Landmark Cars is a company that sells fancy cars, like Mercedes-Benz.
Every three months, they tell everyone how much money they made.
This time, the money they kept after paying costs almost doubled compared to last year.
They also sold more cars and made more money from fixing and servicing cars.
One big reason for their success is selling Mercedes-Benz cars, for which they get a fee.
They also made a new deal with ChargeZone, a company that runs places where electric cars can charge.
People who buy electric cars from Landmark will get credits to use at ChargeZone charging stations.
Landmark hopes this will bring them extra money in the future.
Their stock has also been going up in recent weeks, which makes investors happy.
Landmark Cars reported a consolidated net profit of ₹14.5 crore for the June quarter, a 97.5% jump from ₹7.3 crore a year earlier.
Revenue from operations rose 22.47% year-on-year to ₹1,733 crore, with vehicle sales up 24.15% to ₹1,465 crore.
Mercedes-Benz contributed 38% of the company's revenue under its agency model, where Landmark Cars earns a commission on each vehicle sold.
EBITDA grew 13.7% to ₹75.2 crore, though the margin contracted to 4.34% from 4.67% a year earlier.
Landmark Cars partnered with EV charging network ChargeZone, which will provide Landmark EV customers with wallet credits for charging locations.
- Who
- Landmark Cars, a premium automotive retail business, along with Mercedes-Benz and EV charging network ChargeZone.
- What
- Reported a near-doubling of net profit to ₹14.5 crore and a 22.47% rise in revenue to ₹1,733 crore, and announced an EV charging partnership with ChargeZone.
- When
- For the quarter ended June, with results announced on Tuesday post-market hours.
- Where
- India, where the company is listed on Dalal Street.
- Why
- Strong growth in vehicle sales under the Mercedes-Benz agency model and after-sales services, plus a new ChargeZone partnership aimed at creating recurring revenue from EV customers.
- Net profit
- ₹14.5 crore, up 97.5% YoY from ₹7.3 crore
- Revenue from operations
- ₹1,733 crore, up 22.47% YoY
- Vehicle sales
- ₹1,465 crore, up 24.15% YoY
- Mercedes-Benz revenue share
- 38% of quarterly revenue
- After-sales and spares revenue
- ₹268 crore, up 14.04% YoY
- EBITDA
- ₹75.2 crore, up 13.7% YoY; margin 4.34% vs 4.67%
- Average service revenue per car
- ₹27,172
- Stock performance
- Gained 23.5% in July and 6% so far in August