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Business Standard
21 hours ago
- Automotive
- Business Standard
Why is Landmark Cars share price under pressure today? Find out here
Landmark Cars share price: Shares of Landmark Cars were under pressure on Friday, May 30, 2025, with the stock falling up to 7.46 per cent to an intraday low of ₹447.80 per share. Around 11:20 AM, Landmark Cars shares were off day's low, and were trading 3.95 per cent lower at ₹464.85 per share. In comparison, BSE Sensex was trading 0.29 per cent lower at 81,400.29 levels. Why is Landmark Cars' share falling in trade today? Landmark Cars shares were under pressure after the company posted a massive drop in profit in the March quarter of FY25 (Q4FY25) results. The company's profit nosedived 86.7 per cent year-on-year (Y-o-Y) to ₹1 crore in Q4FY25, from ₹11 crore in the same quarter a year ago. 'PAT is impacted primarily due to high depreciation and the Ind AS effect by the addition of new outlets and the impact of fair valuation of ESOP grants ₹2.8 crore,' Landmark Cars said, in a statement. However, revenue from operations soared 26.3 per cent Y-o-Y to ₹1,091.2 crore in Q4FY25, from ₹863.9 crore a year ago. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) rose merely 2 per cent Y-o-Y to ₹54.5 crore, from ₹53.4 crore a year ago. Ebitda margin, meanwhile, squeezed to 5 per cent in the March quarter of FY25, from 6.2 per cent in the same quarter of previous fiscal year (Q4FY24). Additionally, the company reported record-high proforma and reported annual revenues for FY25 at 5,626.1 crore, from 4,655.4 crore in FY24, driven primarily by the rapid growth of new brands and continued footprint expansion. FY25 also marked the highest-ever annual gross profit. However, Mercedes-Benz sales in Q4FY25 fell short-of-expectations on a Y-o-Y basis due to capital market volatility, which negatively impacted both proforma revenue and gross margin for the quarter. Sales of Mercedes-Benz have since rebounded and returned to a growth trajectory beginning in Q1FY26. The full benefit of newly launched showrooms and workshops is expected to materialise over FY26 and FY27, the company said. The company currently maintains a new car inventory of 45 days—below the industry average of 50 to 55 days, it added. Check Astonea Labs IPO allotment status Landmark Cars dividend Landmark Cars board of directors has recommended a final dividend at 10 per cent i.e. Re 0.50 only per equity share of the face value of Rs 5- each for FY25, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. About Landmark Cars Landmark Cars Limited is among India's leading automotive retailers, specialising in premium and luxury vehicle brands. Established in 1998, the company has built a strong reputation through its expansive network of showrooms, workshops, and value-added services. It is known for its dealership partnerships with globally recognised brands such as Mercedes-Benz, Jeep, Honda, Volkswagen, and Renault, and also represents emerging names like BYD, Morris Garages, Mahindra, and KIA. In addition to retailing passenger vehicles, Landmark Cars also manages the commercial vehicle business for Ashok Leyland. The company offers a comprehensive range of services beyond vehicle sales, including repairs and maintenance, insurance facilitation, accessories sales, and financing options.
Business Standard
23-05-2025
- Business
- Business Standard
Grasim Inds gains after Q4 PAT rises 9% YoY
Grasim Industries added 1.49% to Rs 2,715 after the company's consolidated net profit rose 9.20% to Rs 1,495.90 crore in Q4 FY25 as against Rs 1,369.82 crore posted in Q4 FY24. Revenue from operations increased 17.33% YoY to Rs 44,267.26 crore in the fourth quarter of FY25, driven by superior performance in cement, chemicals and financial services businesses. Profit before exceptional items and tax stood at Rs 4,063.33 crore in March 2025 quarter, down 9.66% YoY. The company reported an exceptional loss of Rs 67.32 crore during the quarter. The companys EBITDA in Q4 FY25 was Rs 6,548 crore, registering a growth of 6% from Rs 6,196 crore posted in Q4 FY24. Revenue from the Cellulosic Staple Fibre (CSF) business for the quarter stood at Rs 4,050.93 crore, up 8% YoY, driven by growth in domestic CSF sales volume, although overall volumes remained flat at 207 KT. Cellulosic Fashion Yarn (CFY) volumes grew by 3% YoY; however, realizations continued to be impacted by low-priced dumping from China. Revenue from the chemicals business rose by 10% year-on-year (YoY) to Rs 2,301.51 crore in Q4 FY25. Caustic sales volume recorded moderate growth of 1% YoY, impacted by lower production due to a plant shutdown at Karwar. Specialty chemicals volume grew by 7% YoY; however, lower realizations coupled with higher input costs affected profitability. The building materials business reported revenue of Rs 25,232 crore, up 21% YoY, driven by all-round performance across cement, paints, and B2B e-commerce segments. EBITDA stood at Rs 4,406 crore, up 6% YoY, supported by improved profitability in the cement business. The new businesses remain in the investment phase, with a clear roadmap for profitable growth in the coming years. Consolidated sales volumes of the cement business (UltraTech) grew by 17% YoY to 41.02 million tons (Mt). Ready-mix concrete sales volumes grew by 19% YoY to 3.98 million. The cement businesss expansion program is progressing well, with the current (May-25) total grey cement capacity at 190.16 Mtpa, expected to reach over 215 Mtpa by FY27. The financial services business (Aditya Birla Capital), revenue and EBITDA, as consolidated in accordance with Ind AS, stood at Rs 10,252 crore and Rs 1,280 crore, registering growth of 33% and 25%, respectively. The overall lending portfolio (NBFC and HFC) increased by 27% YoY to Rs 1,37,946 crore. The Financial Services business, consolidated in accordance with Ind AS, reported revenue of Rs 12,197 crore, up 16% YoY. Aditya Birla Capitals total lending portfolio (including NBFC and HFC) grew by 27% YoY to Rs 1,57,404 crore. Total Assets Under Management (AUM) across AMC, life, and health insurance segments rose by 17% YoY to Rs 5,11,260 crore. The direct-to-consumer (D2C) platform, ABCD, witnessed a strong response, with over 5.5 million customer acquisitions. Revenue from other businesses (textiles, renewables, and insulators) stood at Rs 898 crore, up 14% year-on-year (YoY), while EBITDA rose 33% YoY to Rs 139 crore, primarily driven by the renewables business. The cumulative installed capacity of the Renewables segment reached approximately 1.5 GWp, up 64% from 894 MWp in March 2024. The textiles business reported revenue of Rs 547 crore, up 2% YoY; however, EBITDA was impacted by exceptionally high input prices in the linen segment. On the outlook front, the firm stated, Grasims standalone business is undergoing a strategic transformation, marked by a decisive foray into consumer-facing and digital ventures in decorative paints and B2B e-commerce for construction materials. The rapid scale-up of these verticals signals the emergence of robust new growth engines in a fast-evolving economic landscape. These new high-growth businesses are now well poised to complement Grasims legacy of manufacturing-led growth. With a fortified and future-forward portfolio, Grasim is now uniquely positioned to align with, and actively contribute to, the governments ambitious vision for a Viksit Bharat, a developed India anchored in innovation, infrastructure, and inclusive growth. Capital expenditure for the year on a standalone basis stood at Rs 3,513 crore, of which approximately 65% (around ₹2,300 crore) was allocated to new businesses, primarily paints and B2B e-commerce. Meanwhile, the companys board has recommended a dividend of Rs 10 per equity share for the financial year ended 31st March 2025, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the company. Further, the companys board has also approved the appointment of Hemant Kumar Kadel as the chief financial officer (CFO) and key managerial personnel of the company with effect from 16th August 2025. This appointment is consequent to the superannuation of Pavan Kumar Jain in terms of the companys policy. He will be relieved of his current responsibilities as chief financial officer and key managerial personnel of the company from the close of business hours of 15th August 2025. Grasim Industries, a flagship company of the Aditya Birla Group, is a leading diversified player with leadership presence across many sectors. It is a leading global producer of viscose staple Fibre and viscose filament yarn, the largest chlor-alkali, advanced material, linen yarn and fabrics producer in India. The company recently has entered paints business and setting up six plants across pan-India locations.
Business Standard
23-05-2025
- Business
- Business Standard
Grasim Inds gains after Q4 PAT rises 9% YoY; recommended dividend of Rs 10/sh
Grasim Industries added 1.49% to Rs 2,715 after the company's consolidated net profit rose 9.20% to Rs 1,495.90 crore in Q4 FY25 as against Rs 1,369.82 crore posted in Q4 FY24. Revenue from operations increased 17.33% YoY to Rs 44,267.26 crore in the fourth quarter of FY25, driven by superior performance in cement, chemicals and financial services businesses. Profit before exceptional items and tax stood at Rs 4,063.33 crore in March 2025 quarter, down 9.66% YoY. The company reported an exceptional loss of Rs 67.32 crore during the quarter. The companys EBITDA in Q4 FY25 was Rs 6,548 crore, registering a growth of 6% from Rs 6,196 crore posted in Q4 FY24. Revenue from the Cellulosic Staple Fibre (CSF) business for the quarter stood at Rs 4,050.93 crore, up 8% YoY, driven by growth in domestic CSF sales volume, although overall volumes remained flat at 207 KT. Cellulosic Fashion Yarn (CFY) volumes grew by 3% YoY; however, realizations continued to be impacted by low-priced dumping from China. Revenue from the chemicals business rose by 10% year-on-year (YoY) to Rs 2,301.51 crore in Q4 FY25. Caustic sales volume recorded moderate growth of 1% YoY, impacted by lower production due to a plant shutdown at Karwar. Specialty chemicals volume grew by 7% YoY; however, lower realizations coupled with higher input costs affected profitability. The building materials business reported revenue of Rs 25,232 crore, up 21% YoY, driven by all-round performance across cement, paints, and B2B e-commerce segments. EBITDA stood at Rs 4,406 crore, up 6% YoY, supported by improved profitability in the cement business. The new businesses remain in the investment phase, with a clear roadmap for profitable growth in the coming years. Consolidated sales volumes of the cement business (UltraTech) grew by 17% YoY to 41.02 million tons (Mt). Ready-mix concrete sales volumes grew by 19% YoY to 3.98 million. The cement businesss expansion program is progressing well, with the current (May-25) total grey cement capacity at 190.16 Mtpa, expected to reach over 215 Mtpa by FY27. The financial services business (Aditya Birla Capital), revenue and EBITDA, as consolidated in accordance with Ind AS, stood at Rs 10,252 crore and Rs 1,280 crore, registering growth of 33% and 25%, respectively. The overall lending portfolio (NBFC and HFC) increased by 27% YoY to Rs 1,37,946 crore. The Financial Services business, consolidated in accordance with Ind AS, reported revenue of Rs 12,197 crore, up 16% YoY. Aditya Birla Capitals total lending portfolio (including NBFC and HFC) grew by 27% YoY to Rs 1,57,404 crore. Total Assets Under Management (AUM) across AMC, life, and health insurance segments rose by 17% YoY to Rs 5,11,260 crore. The direct-to-consumer (D2C) platform, ABCD, witnessed a strong response, with over 5.5 million customer acquisitions. Revenue from other businesses (textiles, renewables, and insulators) stood at Rs 898 crore, up 14% year-on-year (YoY), while EBITDA rose 33% YoY to Rs 139 crore, primarily driven by the renewables business. The cumulative installed capacity of the Renewables segment reached approximately 1.5 GWp, up 64% from 894 MWp in March 2024. The textiles business reported revenue of Rs 547 crore, up 2% YoY; however, EBITDA was impacted by exceptionally high input prices in the linen segment. On the outlook front, the firm stated, Grasims standalone business is undergoing a strategic transformation, marked by a decisive foray into consumer-facing and digital ventures in decorative paints and B2B e-commerce for construction materials. The rapid scale-up of these verticals signals the emergence of robust new growth engines in a fast-evolving economic landscape. These new high-growth businesses are now well poised to complement Grasims legacy of manufacturing-led growth. With a fortified and future-forward portfolio, Grasim is now uniquely positioned to align with, and actively contribute to, the governments ambitious vision for a Viksit Bharat, a developed India anchored in innovation, infrastructure, and inclusive growth. Capital expenditure for the year on a standalone basis stood at Rs 3,513 crore, of which approximately 65% (around ₹2,300 crore) was allocated to new businesses, primarily paints and B2B e-commerce. Meanwhile, the companys board has recommended a dividend of Rs 10 per equity share for the financial year ended 31st March 2025, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the company. Further, the companys board has also approved the appointment of Hemant Kumar Kadel as the chief financial officer (CFO) and key managerial personnel of the company with effect from 16th August 2025. This appointment is consequent to the superannuation of Pavan Kumar Jain in terms of the companys policy. He will be relieved of his current responsibilities as chief financial officer and key managerial personnel of the company from the close of business hours of 15th August 2025. Grasim Industries, a flagship company of the Aditya Birla Group, is a leading diversified player with leadership presence across many sectors. It is a leading global producer of viscose staple Fibre and viscose filament yarn, the largest chlor-alkali, advanced material, linen yarn and fabrics producer in India. The company recently has entered paints business and setting up six plants across pan-India locations.
Time of India
13-05-2025
- Business
- Time of India
More Retail plans Rs 2,000-cr IPO in 2026 to aid expansion, reduce debt
Amazon and Samara Capital-backed supermarket chain More Retail is planning to raise around Rs 2,000 crore through an initial public offer (IPO), which is expected to hit the market in the calendar year 2026, a top company official said on Monday. The proposed fund-raise plan will be mostly through fresh capital infusion, with no significant offer-for-sale component, as promoters, Samara Capital and Amazon, who hold 51 per cent and 48 per cent stake respectively, are unlikely to offload their shares, he said, adding that the remaining stake is held by family offices. "We are looking at an IPO in 12-18 months, depending on valuation and market conditions. We hope to raise Rs 2,000 crore, and the current promoter dilution could be about 10 per cent," More Retail Managing Director Vinod Nambiar said. He said the funds will be used primarily to expand the store count to 3,000 by 2030 and to make the company nearly debt-free. The current debt stands at about Rs 500 crore, consisting of loans and non-convertible debentures (NCDs), the company official said. Both promoters have a long-term commitment to the business and pumped in Rs 900 crore over the past five years in addition to the acquisition cost of Rs 4,300 crore. "More Retail raised Rs 150 crore in the last 120 days from family offices to benchmark valuation," Nambiar said. The retail chain, which is expanding aggressively, is set to cross 1,100 stores soon and aims to become EBITDA-positive with Rs 60 crore profit in FY'26, he said. The company reported a Rs 65 crore EBITDA loss in FY'24, as per Ind AS accounting standards. "It will take two years to achieve PAT-level profitability," he added. The retailer is also deepening its partnership with Amazon Fresh. Currently, 270 of its stores serve Amazon Fresh, and this number is expected to rise to 370 by July, and further to 500-600 stores by the end of the current fiscal year, Nambiar said. The company's offline and hybrid store count is projected to exceed 1,100 by FY'26, while the number of 'dark' outlets will also grow from the existing 40 to 100 by then. 'Dark' stores only cater to online orders. Most of the expansion will take place in smaller towns, and during the current fiscal, Jharkhand and Odisha will be added to its footprint, Nambiar said. More Retail currently has a strong presence in South India, West Bengal, Punjab, Haryana, and the NCR, having exited from Delhi city and Mumbai. Meanwhile, Nambair said West Bengal is a key market and the company is the largest in West Bengal in terms of the number of stores. The company has 109 stores in Bengal and will add 90 outlets in the next two years.>
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Business Standard
12-05-2025
- Business
- Business Standard
More Retail plans ₹2,000 crore IPO by 2026 to fund expansion, cut debt
Amazon and Samara Capital-backed supermarket chain More Retail is planning to raise around Rs 2,000 crore through an initial public offer (IPO), which is expected to hit the market in the calendar year 2026, a top company official said on Monday. The proposed fund-raise plan will be mostly through fresh capital infusion, with no significant offer-for-sale component, as promoters, Samara Capital and Amazon, who hold 51 per cent and 48 per cent stake respectively, are unlikely to offload their shares, he said, adding that the remaining stake is held by family offices. "We are looking at an IPO in 1218 months, depending on valuation and market conditions. We hope to raise Rs 2,000 crore, and the current promoter dilution could be about 10 per cent," More Retail Managing Director Vinod Nambiar said. He said the funds will be used primarily to expand the store count to 3,000 by 2030 and to make the company nearly debt-free. The current debt stands at about Rs 500 crore, consisting of loans and non-convertible debentures (NCDs), the company official said. Both promoters have a long-term commitment to the business and pumped in Rs 900 crore over the past five years in addition to the acquisition cost of Rs 4,300 crore. "More Retail raised Rs 150 crore in the last 120 days from family offices to benchmark valuation," Nambiar said. The retail chain, which is expanding aggressively, is set to cross 1,100 stores soon and aims to become EBITDA-positive with Rs 60 crore profit in FY'26, he said. The company reported a Rs 65 crore EBITDA loss in FY'24, as per Ind AS accounting standards. "It will take two years to achieve PAT-level profitability," he added. The retailer is also deepening its partnership with Amazon Fresh. Currently, 270 of its stores serve Amazon Fresh, and this number is expected to rise to 370 by July, and further to 500600 stores by the end of the current fiscal year, Nambiar said. The company's offline and hybrid store count is projected to exceed 1,100 by FY'26, while the number of 'dark' outlets will also grow from the existing 40 to 100 by then. 'Dark' stores only cater to online orders. Most of the expansion will take place in smaller towns, and during the current fiscal, Jharkhand and Odisha will be added to its footprint, Nambiar said. More Retail currently has a strong presence in South India, West Bengal, Punjab, Haryana, and the NCR, having exited from Delhi city and Mumbai. Meanwhile, Nambair said West Bengal is a key market and the company is the largest in West Bengal in terms of the number of stores. The company has 109 stores in Bengal and will add 90 outlets in the next two years.
