Highlights

• Landmark Cars reported FY26 consolidated revenue growth with higher annual profit figures.
• The company recommended a final dividend of INR 1.50 per equity share.
• Landmark Cars approved subsidiary amalgamation and employee stock option grant during board meeting.

Shares of Landmark Cars Limited (NSE:LANDMARK) moved higher on May 27 after the company announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The stock traded at INR 394.85, up 3.55% during morning trade on the NSE.

The company also announced a final dividend recommendation, subsidiary amalgamation approval, ESOP grants, and internal auditor appointment as part of the board meeting outcomes disclosed to exchanges.

Source: TradingView

FY26 Revenue And Profit Show Annual Increase

Landmark Cars reported consolidated revenue from operations of INR 49,143.83 million for FY26 compared with INR 40,387.71 million in FY25. Consolidated profit for the year stood at INR 380.62 million against INR 173.37 million in the previous financial year.

For the March quarter, consolidated revenue from operations came at INR 12,785.06 million compared with INR 10,912.23 million in the corresponding quarter last year. Quarterly profit for Q4 FY26 stood at INR 150.34 million versus INR 17.53 million reported in Q4 FY25.

Standalone revenue from operations for FY26 was INR 8,003.33 million compared with INR 6,656.45 million in FY25. Standalone profit for the year stood at INR 412.13 million against INR 426.46 million in the previous year.

Mercedes-Benz Agency Model Continues To Influence Revenue Recognition

The company stated that its dealership agreement with Mercedes-Benz India shifted to an agency model under which vehicle sales are made directly by Mercedes-Benz India Private Limited to customers.

Under this structure, Landmark Cars earns commission income on sales instead of recording full vehicle sales revenue. The company disclosed that the value of Mercedes-Benz cars sold under this arrangement stood at INR 16,425.66 million during FY26.

Board Approves Dividend And Amalgamation Proposal

The board recommended a final dividend of INR 1.50 per equity share with face value of INR 5 each for FY26, subject to shareholder approval at the upcoming annual general meeting. The company also approved the amalgamation of Landmark Cars (East) Private Limited with Landmark Cars Limited under Sections 230 and 233 of the Companies Act, 2013.

The proposal remains subject to regulatory and statutory approvals, including stock exchange and NCLT approvals. Additionally, the board approved grant of 37,000 stock options under the Landmark Employee Stock Option Plan 2023.

Audit Reports Carry Unmodified Opinion

Statutory auditor MSKC & Associates LLP issued unmodified audit opinions on both standalone and consolidated FY26 financial statements of the company.

The consolidated balance sheet showed total assets of INR 19,791.77 million as of March 31, 2026, compared with INR 18,893.36 million a year earlier.

Source: Company Filing

Key Risks Investors Should Track

• High dependence on passenger vehicle demand across multiple automotive brands.
• Regulatory approvals pending for proposed amalgamation scheme implementation.
• Rising finance and lease liabilities may affect future cash flows.
• Luxury automobile demand may fluctuate during economic slowdowns.

Summary

Landmark Cars reported (NSE:LANDMARK) higher consolidated revenue and profit for FY26 while announcing a final dividend, subsidiary amalgamation proposal, and ESOP grants. The company highlighted the continued impact of the Mercedes-Benz agency sales model on revenue recognition. Audit reports carried unmodified opinions, while investors also tracked liabilities, dealership demand trends, and regulatory approvals linked to corporate restructuring initiatives.

FAQs

Q: What dividend did Landmark Cars recommend for FY26?
A: Landmark Cars recommended a final dividend of INR 1.50 per equity share for FY26.

Q: Why did Landmark Cars shares gain on May 27, 2026?
A: Shares gained after the company announced FY26 audited financial results and other board approvals.

Q: What merger proposal did Landmark Cars approve?
A: The company approved amalgamation of Landmark Cars East Private Limited with Landmark Cars Limited