LANDMARK CARS LIMITED

Landmark Cars Limited reported strong financial results for Q1 FY27, with pro forma revenue from operations growing over 22% year-on-year, marking its best Q1 performance in a seasonally soft quarter. Management noted that profit after tax nearly doubled, driven by improved operating leverage and cost discipline. The automotive sector is evolving, with a significant increase in electric vehicle (EV) sales, which accounted for 30% of the vehicles sold by value at Landmark. Management highlighted a partnership with ChargeZone to enhance EV customer engagement and create a recurring revenue stream. The company is expanding its workshop capacity to support aftersales growth, particularly for high-growth brands. Management expressed confidence in a more normalized demand trajectory moving forward, following previous disruptions related to GST changes. The earnings call concluded with management emphasizing the company's readiness to capitalize on industry growth opportunities.

Management highlighted strong financial performance and growth opportunities in the EV segment.