Landmark Cars shares surge up to 12% after Q2 business update, but cool soon after

Shares of Landmark Cars Ltd. gained nearly 12% after the company reported its business update for the second quarter.

This is its biggest single-day gain since July 14, 2026, when the stock surged 17.4%.

The company's total revenue increased 17.3% to ₹1,943 crore in the September quarter from ₹1,657 crore last year, the exchange filing stated, while its vehicle sales were up 18.5% at ₹1,662 crore from ₹1,403 crore in the year-ago period.

Landmark Cars said it is optimistic about the festive season. It expects to enter the second half of the financial year 2027 on a strong footing.

The company said it reported its highest-ever quarter revenue and half-yearly total revenue from operations on a proforma basis, supported by outlet ramp up and stabilization.

It said its partner original equipment manufacturers (OEMs) continue to drive new launches across the premium, luxury and EV segments. The recent launches including the Kia Sorento, MG Hector Tomahawk, and BYD Sealion 7 Dynamic, are expected to commence full-scale deliveries from October.

The company said that looking ahead, the next quarter will feature key launches such as the India-made Mercedes-Benz GLC EV and BYD's luxury brand.

Shares of Landmark Cars jumped as much as 12% to hit an intraday high of ₹509, before cooling off and nearly giving up all the gains. The stock now trades 3.1% higher at ₹469. The stock had turned positive on a year-to-date basis at its intraday high.

Also Read: Wipro Q2 Results Preview: Organic growth may be weakest among largecap peers; Guidance in focus