This comes after Landmark Vehicles introduced its outcomes for the fourth quarter and the 2023-24 monetary yr on Thursday, Could 23. 

Landmark Vehicles’ web revenue dropped over 54 per cent to about Rs 11 crore within the fourth quarter of economic yr 2024 (Q4FY24), from Rs 24.3 crore in the identical quarter earlier fiscal (Q4FY24). Sequentially, the corporate’s web revenue declined over 40 per cent, from Rs 18.5 crore within the December quarter (Q3FY24).

Nevertheless, the corporate’s income from operations surged 1.2 per cent to Rs 864 crore inQ4FY24, from Rs 854 crore in the identical quarter final yr. The corporate’s income from operations for the complete FY24 dropped about 3 per cent to Rs 3,287.9 crore in opposition to Rs 3,382.4 crore in FY23.

Landmark Vehicles’ earnings earlier than curiosity, tax, depreciation and amortisation (Ebitda), often known as working revenue, slipped roughly 12 per cent to Rs 53.4 crore as in comparison with Rs 60.70 crore in the identical quarter earlier yr. 

Ebitda margin, in the meantime, dropped 90 foundation factors (bps) to six.2 per cent in Q4FY24, from 7.1 per cent in the identical quarter a yr in the past (Q4FY23). 

The board of administrators have really helpful a ultimate dividend of Rs 1.50 per share for FY24.  

The market capitalisation of the corporate is Rs 2,975.33 crore, in response to Bombay Inventory Trade (BSE). The 52-week excessive of the inventory is Rs 901.95 whereas its 52-week low is Rs 658.70 per share.

At 12:48 PM, Landmark Vehicles inventory was buying and selling 5.94 per cent decrease at Rs 719.95 per share. By comparability, S&P BSE Sensex was buying and selling marginally greater (0.04 per cent) at Rs 75,444.68 apiece.

First Printed: Could 24 2024 | 1:01 PM IST