India's Landmark Cars jumps on record Q2 revenue
BUZZ-India's Landmark Cars jumps on record Q2 revenue ** Shares of Landmark Cars LANM.NS rise 10.6% to 502.90 rupees
** Auto retailer records highest-ever Q2 revenue from operations, on a pro forma basis, of 19.43 billion rupees ($204.35 million), up 17.3% from last year
** Vehicle sales rose 18.5% to 16.62 billion rupees in Q2
** Revenue growth was supported by outlet ramp-up and stabilization despite flooding in Gujarat state in Q2, which impacted new vehicle sales and after-sales - LANM
** Landmark says it is "Optimistic about the festive season and expects to enter H2 on a strong footing, supported by a healthy pipeline of customer enquiries and bookings during the ongoing festive season while remaining mindful of interest rate hikes and evolving macroeconomic conditions"
** YTD, stock down 4%
($1 = 95.0800 Indian rupees)
(Reporting by Puyaan Singh in Bengaluru)
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