Landmark Cars Limited Q2FY24 PAT at Rs. 20.5 Cr up by 22percent y-o-y

Sharing is caring!

November 10, 2023, Mumbai – Landmark Cars Limited (BSE: 543714 & NSE: LANDMARK), one of the leading luxury and premium automotive retail businesses in India, announced its consolidated unaudited financial results for the quarter and half-year ended 30th September 2023.

Key Financial Highlights (Consolidated)

  • Consolidated Q2FY24 Proforma Revenue witnessed a 19.9% QoQ growth and stood at Rs. 1120Cr
  • EBITDA for Q2FY24 stood at Rs. 57.1 Cr and has demonstrated a growth of 22% QoQ.
  • Consolidated Q2FY24 Net Profit stood at Rs. 20.5 Cr as compared to Rs. 16.8 Cr in Q2FY23, indicating a rise of 22% YoY

Commenting on the Q2FY24 performance, Mr. Sanjay Thakker, Promoter and Executive Chairman, Landmark Cars Limited, said,

“The automotive retail industry in India continued its growth trajectory with sustained demand for premium and luxury vehicles. The aftersales and spares business showed strong growth underlying its predictable nature and should sustain its growth in the coming quarters. We have seen improving vehicle supplies from OEM’s September onwards.

Going ahead, we foresee steady growth attributed to the synergy of new product launches, a strong pipeline for organic and inorganic expansion, and an overall stabilization of our vehicle lineup, coupled with our after-sales & service business and deeper foray into the pre-owned vehicles sales business.”