India's Landmark Cars rises after upbeat first-quarter earnings

Landmark Cars

13/08/2025 06:10

** Shares of Landmark Cars Ltd LANM.NS rise 6.1% to 506.35 rupees

** The automobile dealer's first-quarter profit more than doubled to 74 million Indian rupees ($844,459.66), helped by strong sales of newly launched models from its new clients Mahindra MAHM.NS and BYD 002594.SZ

** Co's quarterly revenue up 28%

** Strong demand for BYD's luxury EVs makes it the second-biggest rev contributor in the reported quarter vs seventh-biggest in FY25; Mercedes-Benz MBGn.DE remains biggest contributor

** Stock down 20% so far this year

($1 = 87.6300 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))