Landmark Cars Q1 profit nearly doubles as revenue rises 23%; adds Ahmedabad MG outlet
Landmark Cars reported Q1 net profit of ₹14.5 crore, up 98.6% year on year, on revenue of ₹1,302.3 crore. The auto retailer also secured an LOI for an MG Experia showroom in Vastral, Ahmedabad, which would become its 17th MG Motor outlet, and partnered with Tecso Charge Zone on EV-charging benefits.
What happened
Landmark Cars nearly doubled Q1 FY27 profit as revenue rose 23%. The luxury auto retailer also secured an LOI for an MG Experia showroom in Vastral,
Key facts
- Q1 FY27 net profit ₹14.5 crore, up 98.6% YoY from ₹7.3 crore
- Revenue ₹1,302.3 crore, up 22.7% YoY from ₹1,061.7 crore
- EBITDA ₹72 crore, up 17.9% YoY from ₹61 crore
- EBITDA margin 5.52%, versus 5.75% YoY
- 2,000 employee stock options approved
- New Ahmedabad showroom will be Landmark Cars' 17th MG Motor outlet
Why this matters
The proposed 17th MG outlet in Ahmedabad and Tecso Charge Zone partnership show Landmark Cars is using targeted network buildout and EV ecosystem alliances to deepen OEM relevance and capture EV demand.
What to watch
- Timing of the final MG Experia showroom approval and outlet launch in Ahmedabad.
- Quarterly same-store sales growth, EBITDA margin and profit conversion versus the 22.7% revenue increase.
- MG EV booking trends, charging-partnership utilization and EV share of Landmark's sales mix.
- Inventory days, dealer incentives, receivable levels and operating cash-flow conversion.
- Further OEM dealership awards, particularly in Gujarat, and service-center capacity additions.
- Accelerate MG network rollout in Gujarat and prioritize the Vastral outlet opening, staffing and local fleet/corporate sales pipeline.
- Use the Tecso Charge Zone partnership to bundle charging benefits with MG EV sales, finance, insurance and maintenance packages.
- Increase focus on higher-margin after-sales, used-car, insurance and financing penetration to protect margins during expansion.
- Manage inventory tightly around new model launches and avoid margin-eroding discounts if wholesale allocations rise faster than retail demand.