Landmark Cars down on weak June quarter performance

Landmark Cars

18/07/2023 05:45

** Shares of Landmark Cars  LANM.NS  fall as much as 4.2% to 732.1 rupees
    ** Co on late Monday said June qtr proforma total revenue from operations
came at 9.36 billion rupees ($114.06 million), down 9.21% YoY 
    ** Vehicle sales, also including agency sales, fell 14.32% YoY
    ** Co said business continued to show traction with the after sales business
remaining robust 
    ** Landmark Cars operates an automotive retail business in India with
dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault
    ** More than 120,000 shares change hands by 10:00 a.m. IST, 0.4x the 30-day
avg 
    ** Stock up over 60% since its listing in Dec 2022, as of last close


($1 = 82.0600 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com; +91 6001289066;))