Landmark Cars Q3 FY26 Earnings Call Transcript Released
Landmark Cars released its Q3 FY26 earnings call transcript. The company reported record revenue, gross profit, and EBITDA for the quarter, with proforma revenue at ₹1,851 crores, up 11% YoY. Aftersales revenue grew 13.1% to ₹279 crores. EBITDA was ₹79 crores, up 13.3% YoY. Management highlighted benefits from the India-EU FTA and strong demand for premium vehicles.
The announcement provides an update on financial results and strategic outlook, offering insights into the company's performance and future prospects, which is of interest to investors.
The company reported record financial performance for the quarter and expressed optimism about future growth driven by new product launches and favorable industry trends like the India-EU FTA.
Landmark Cars Limited has released the transcript of its Analyst/Investor Earnings Conference Call held on February 11, 2026. The call discussed the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.
During the call, management highlighted that Q3 FY26 was the company's strongest quarter yet, with record revenue, gross profit, and EBITDA. They noted structural shifts in the Indian passenger vehicle market, including benefits from the India-EU FTA, which are expected to support the automotive industry. Several OEMs like Mercedes-Benz, Renault, and Volkswagen are anticipated to benefit from these FTAs, potentially expanding the addressable market in the premium and luxury segments.
The company reported a proforma revenue of ₹1,851 crores for Q3 FY26, an 11% year-on-year growth. Aftersales revenue stood at ₹279 crores, showing a 13.1% year-on-year growth. EBITDA for the quarter was ₹79 crores, a 13.3% increase year-on-year, with an EBITDA margin of 5.9% on reported revenue. For the nine-month period of FY26, proforma revenue grew by 20.1% to ₹4,924 crores.
Management expressed confidence in future growth, driven by ongoing product launches, disciplined inventory management, and the expanding premium, luxury, and electric vehicle segments. They also discussed the impact of the EU FTA, noting that while duties on imported fully built units may fall, the majority of vehicles sold (around 92% for Mercedes-Benz) are locally assembled (CKD), and thus, the price drop may not be significant. The FTA is expected to open avenues for importing certain vehicle categories at lower duties.
Discussions also touched upon the aftersales business, with expectations of stronger growth as newer workshops stabilize. The company aims to maintain employee costs within 4% of proforma revenue and has seen improved working capital discipline, with inventory days reduced to 31.
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Landmark Cars Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Landmark Cars Limited. Read the original for the full detail.