Latest news with #Mercedes-Benz
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Business Standard
an hour 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
an hour ago
- Automotive
- Business Standard
Landmark Cars drops after Q4 PAT slumps 87% YoY to Rs 1 cr
Landmark Cars fell 5.79% to Rs 455.95 after the company's consolidated net profit declined 86.6% YoY to Rs 1.42 crore despite a 26.3% jump in revenue from operations to Rs 1,091.22 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) declined 73.9% YoY to Rs 4.03 crore in Q4 FY25. EBITDA increased 8.19% to Rs 60.8 crore in Q4 FY25, recording the growth of 8.19% compared with Rs 56.2 crore posted in corresponding quarter last year, while EBITDA margin reduced at 5.6% in Q4 FY25 as against 6.5% in Q4 FY24. Proforma revenues climbed 17.43% to Rs 1,526 crore in Q4 FY25 from Rs 1,299.5 crore in Q4 FY24. For full year, the companys consolidated net profit declined 71.6% to Rs 15.93 crore despite of 22.4% jump in revenue from operations to Rs 4025.50 crore in FY25 over FY24. Meanwhile, the companys board recommended a final dividend of Re 50 paise per equity share with a face value of Rs 5 each for financial year 2024-25, subject to approval of the shareholders at the ensuing Annual General Meeting of the Company. Landmark Cars is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, Citroen, BYD, Renault, Mahindra & Mahindra, KIA and MG Motors. The company has its presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles and facilitation of the sales of third party financial and insurance products.
The Citizen
an hour ago
- Automotive
- The Citizen
Mzansi takes delivery of its 1st Brabus XLP 900 6×6 adventure
Serving as a custom-built collaboration between the German tuning specialists at Brabus and their local South African representative, RACE!, Mzansi now has its first XLP 900 6×6. According to the local representatives, the story of this particular vehicle started right here. It began its life as a regular Manufaktur classic grey non-metallic W465 Mercedes-AMG G63, ordered through a local Mercedes-Benz dealership. From there, it was shipped off to Brabus headquarters in Bottrop, Germany, where the extensive transformation took place. Looking for a new or used Mercedes-Benz? Find it here with CARmag! What arrived back in South Africa is something truly unique. The original engine underwent a significant upgrade, now an enlarged 4.5l displacement unit. This powerhouse produces 662kW and a colossal 1 250N.m of torque. Despite its 4.5t weight, this means it can hit 100km/h in just 5.2 seconds, with a top speed limited to 210km/h. It's a level of performance that's hard to reconcile with its sheer size and off-road capabilities. Related: Another R20 Million G63 AMG 6×6 Is on SA Roads With Mining Tycoon at the Helm The cabin features a full 'Tiffany Blue' Masterpiece interior, showcasing the bespoke luxury and attention to detail Brabus is known for. This isn't a cheap endeavour; the build alone was a one million Euro (approximately R20m) project before factoring in the significant import duties and taxes for South Africa, as confirmed by RACE! Also mentioned was a notable increase in interest from potential new clients, suggesting that this won't be the last Brabus XLP 900 6×6 we see on South African roads. It really highlights the growing appetite for these ultra-exclusive, custom-engineered vehicles among enthusiasts locally. Click here and browse thousands of new and used vehicles here with CARmag The post Mzansi Takes Delivery of its First Brabus XLP 900 6×6 Adventure appeared first on CAR Magazine. Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal.
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Nikkei Asia
16 hours ago
- Automotive
- Nikkei Asia
Suzuki takes lead in Japan imported auto sales with India-made SUVs
TOKYO -- Japan's market for imported autos is shifting, with Suzuki Motor becoming the top seller in April ahead of Mercedes-Benz and BMW as it brings in more India-made vehicles. Suzuki's imported vehicle sales reached 3,990 units that month, jumping 83 times from a year earlier, according to the Japan Automobile Importers Association. It surpassed Mercedes-Benz's 3,202 units and BMW's 2,575 units to become the leader for the first time.
Arabian Post
20 hours ago
- Business
- Arabian Post
How Object 1 Is Redefining Industry Recognition in Real Estate
The real estate landscape in the UAE has evolved significantly in recent years, especially in Dubai where the sector has become synonymous with innovation and excellence. Among the standout players propelling this change is Object 1, a dynamic developer that recently made headlines with the launch of its prestigious N1 Awards. This initiative isn't just a celebration—it's a statement about Object 1's vision for the industry. A Visionary Move Object 1's decision to introduce the N1 Awards reflects a strategic understanding of what drives success in today's real estate market: partnerships, performance, and prestige. As a company that has collaborated with over 3,000 agencies within two years of its launch, Object 1 understands the power of strategic alliances. The N1 Awards were designed to honor the best of these agencies, recognizing their contributions with public acclaim and luxury rewards. Redefining Excellence Award ceremonies are common in many industries, but Object 1 has redefined the concept by turning it into a high-profile, experiential brand-building event. Winners didn't just receive trophies—they were awarded Mercedes-Benz cars, luxury timepieces, and premium gifts. This level of recognition signals the company's appreciation for its partners and its ambition to lead by example. ADVERTISEMENT The Business Impact From a business standpoint, the N1 Awards reinforce brand loyalty and deepen Object 1's ecosystem of collaborators. By incentivizing performance and fostering competition, Object 1 is setting new standards for what success looks like in Dubai's luxury real estate segment. In doing so, it's also attracting the attention of ambitious agencies eager to prove themselves. Culture of Recognition Recognition plays a vital role in sustaining high performance across organizations. By formally acknowledging the best-performing real estate agencies, Object 1 not only boosts morale but also cultivates a community of excellence. This culture amplifies productivity, builds trust, and encourages innovation. Raising Industry Standards Dubai's real estate sector is already known for its high standards, but Object 1 is taking it a step further. By aligning rewards with values like integrity, innovation, and customer satisfaction, the N1 Awards serve as a quality barometer for the industry. This raises expectations and sets a precedent other developers may soon follow. Strategic Marketing with Substance The launch of the N1 Awards also serves as a strategic marketing campaign, building buzz and solidifying Object 1's position as a market leader. Unlike hollow promotions, the N1 Awards are anchored in performance metrics and real-world contributions, giving them credibility and long-term value. Conclusion In launching the N1 Awards, Object 1 has done more than honor its partners—it has redefined what recognition in the real estate industry can and should look like. It's a bold move that combines appreciation with strategy, glamour with substance. As the real estate sector in Dubai continues to grow, Object 1 is leading not just with buildings, but with ideas. Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
