Landmark Cars Ltd. delivered exceptional financial results for the second quarter, reporting its highest-ever quarter revenue of ₹1,943 crore, representing a 17.26% increase from ₹1,657 crore in the corresponding period last year. According to the latest business update, the company's vehicle sales surged 18.46% to ₹1,662 crore compared to ₹1,403 crore in the year-ago period, with vehicle sales revenue rising 13.45% sequentially from ₹1,465 crore in Q1 FY27. The proforma figures include revenue from the sale of Mercedes-Benz vehicles through the agency model, where customers place orders directly with Mercedes-Benz India while Landmark Cars and its subsidiary earn commissions on each vehicle sold.
The market responded positively to the strong financial results, with shares of Landmark Cars rallying 9% following the Q2 business update. As reported by Business Upturn, the stock showed strong momentum after the company reported its highest-ever quarterly and half-yearly revenue from operations on a proforma basis. The company's proforma revenue for the first half of FY27 increased 19.59% year on year to ₹3,675 crore from ₹3,073 crore, with vehicle sales revenue rising 21.01% to ₹3,127 crore and revenue from after-sales services increasing 12.07% to ₹548 crore.
The company highlighted its strong partnerships with original equipment manufacturers (OEMs) who continue to drive new launches across premium, luxury and EV segments. According to Business Upturn, recent launches including the Kia Sorento, MG Hector Tomahawk, and BYD Sealion 7 Dynamic are expected to commence full-scale deliveries from October. Looking ahead, the next quarter will feature key launches such as the India-made Mercedes-Benz GLC EV and models from BYD's luxury brand, Denza. The company also expects availability of the Mercedes-Benz CLA EV to improve following strong demand and initial supply constraints.
Landmark Cars recently declared a dividend of ₹1.50 per share for FY 2025-26, with the dividend announced on 26 May 2026 and a record date of 17 September 2026. As per Anand Rathi, this represents the company's fourth dividend declaration to date, with the highest dividend paid being ₹2.25 per share for FY 2022-23. The company's current dividend yield stands at 0.32% based on its latest dividend and share price as of 14 October 2026. This dividend declaration demonstrates the company's commitment to returning value to shareholders while maintaining its strong financial performance trajectory.
