Landmark Cars Reports Strong December 2024 Results Amid Rising Interest Expenses

Landmark Cars, a small-cap player in the auto ancillary industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance, with net sales reaching Rs 1,195.03 crore, marking the highest figure in the last five quarters. This represents a significant growth compared to the average net sales of the previous four quarters.
The operating profit also saw an uptick, recorded at Rs 66.51 crore, the highest in the same timeframe. Additionally, profit before tax and profit after tax figures showed positive trends, with both metrics reflecting growth over their respective averages from prior quarters.

However, the financial landscape is not without its challenges. Interest expenses have risen, indicating increased borrowings, which could impact future financial flexibility. Furthermore, while non-operating income has reached a peak, its sustainability remains uncertain, as it stems from activities outside the core business operations.

In light of these developments, Landmark Cars has experienced an adjustment in its evaluation, with its score reflecting a shift from -20 to -1 over the past three months.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.