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Landmark Cars Ltd Q1FY24; 60% fall in Profits

Incorporated in 1998, Landmark Cars Limited is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. The company also caters to the commercial vehicle retail business of Ashok Leyland in India.

Financial Results:

Landmark Cars Ltd reported Revenues for Q1FY24 of ₹693.98 Crores down from ₹800.27 Crore year on year, a fall of 13.28%.

Total Expenses for Q1FY24 of ₹684.12 Crores down from ₹782.23 Crores year on year, a fall of 12.54%.

Consolidated Net Profit of ₹7.27 Crores down 59.94% from ₹18.15 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.75, down 64.07% from ₹4.87 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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