Landmark Cars posts record quarterly growth, revenue up 31% to ₹1,655 crore

Landmark Cars Ltd, reported 30.52% year-on-year growth in consolidated total revenue from operations at ₹1,655 crore for the quarter ended September 30, 2025, compared with ₹1,268 crore in the same period last year, the company said in a business update.

Vehicle sales, including agency and pre-owned vehicle sales, rose 35.03% year-on-year to ₹1,403 crore from ₹1,039 crore, driven by demand, network expansion, and festive season momentum.

After-sales revenue, comprising service, spare parts, and other operations, grew 10.04% to ₹252 crore, marking the company’s highest-ever quarterly after-sales revenue.

The company attributed its fastest-ever quarterly growth since listing to outlet additions in the previous year and strong demand during the Navratri period.

Despite the temporary postponement of purchases ahead of the government’s mid-August GST rate reduction (effective September 22, 2025), Landmark Cars managed to deliver over 30% growth. The company said the GST reduction on ICE cars is expected to support sustained demand revival.

During the quarter, Landmark operationalised two Kia workshops in Hyderabad and began Mercedes-Benz operations in Patna, both of which have started contributing positively. In October, the company also launched its MG Select outlet in Kolkata, which received encouraging customer response.

The company continues to expand its brand partnerships, strengthening ties with Mahindra & Mahindra through a planned new sales outlet in Hyderabad and setting up compact Kia sales outlets in Hyderabad and Kolkata, all expected to become operational in November.

The shares of the automotive retail group ended 0.7% higher on Monday (October 13). The stock has declined by over 6% in the year to date.

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