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Landmark Cars gains after Q4 PAT climbs 28% YoY to Rs 24 cr

30-May-23 16:24Hrs IST

Profit before tax increased 12.17% year on year to Rs 29.13 crore in quarter ended 31 March 2023.

Total expenses rose 17.28% to Rs 825.89 crore in Q4 FY23 as compared with Rs 704.48 crore in Q4 FY22. Purchase of cars, spares and others stood at Rs 740.50 crore (up 14.12% YoY), employees benefit expenses was at Rs 49.03 crore (up 18.66% YoY) while finance cost was at Rs 8.23 crore (down 19.08% YoY) during the period under review.

On full year basis, the company's consolidated net profit jumped 28.59% to Rs 85.10 crore on 13.63% rise in revenue from operations to Rs 3382.35 crore in FY23 over FY22.

Meanwhile, the board has recommended a final dividend of Rs 2.25 per equity share for financial year 2022- 2023.

Landmark Cars is engaged in the business of (i) operation of showrooms to buy and sell automobiles of above mentioned brands (ii) the operation of workshops and garages to repair and service the automobiles (iii) direct selling agency/marketing agency on behalf of inter alia banks and non-banking financial companies to market their financing schemes to customers (iv) selling of accessories provided by the OEM's and other local vendors (v) the insurance commission business in connection.

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