Landmark Cars shares partner with OLX India to create India’s leading phygital pre-owned vehicle platform
Why did Landmark Cars Ltd shares fall today?
Landmark Cars Ltd shares are trading lower today, down by 0.89%. As of 09:49 AM on Thursday, the share price stood at ₹500.15. The movement comes after the company informed stock exchanges about a new strategic partnership announced on September 24, 2026.
The announcement details a partnership between Landmark Cars Limited and OLX India, part of CarTrade Tech Limited. The goal of this collaboration is to create a leading integrated "phygital" (physical + digital) platform for pre-owned cars in India. This initiative combines Landmark Cars' strength as a premium automotive retailer with OLX India's extensive online presence to offer a seamless buying and selling experience.
While the partnership aims to build a major new platform in the growing used car market, the share price reaction appears muted or slightly negative in early trading. This could reflect investor profit-booking after the news or a broader market sentiment weighing on the stock, despite the potentially positive long-term strategic move.
What does Landmark Cars Ltd do?
Landmark Cars Ltd operates in the automotive sector, specifically focusing on the pre-owned car market. The company has entered into a partnership with OLX India to create India's leading "phygital" pre-owned car platform, which aims to integrate physical and digital retail channels for vehicle sales.
Based in Ahmedabad, Landmark Cars is a listed entity on Indian stock exchanges and is involved in activities related to automobiles. The company's business encompasses initiatives to develop and enhance the customer experience in the pre-owned vehicle segment through strategic partnerships.
Landmark Cars Ltd Financials
In CroresLandmark Cars Ltd reported revenue of ₹1278.52 Crores in March 2026, which increased to ₹1302.36 Crores in June 2026, indicating a quarterly growth of approximately 1.87%. Concurrently, the profit stood at ₹15.03 Crores in March 2026, which saw a slight decline to ₹14.55 Crores in June 2026, representing a marginal decrease of about 3.19%.
Landmark Cars Ltd Shareholding Pattern
Promoter holding stands at 49.93% of the total share capital. Foreign Institutional Investors (FIIs) hold 2.69% stake in the company, while Domestic Institutional Investors (DIIs) hold 20.67%. Public shareholders hold the remaining 26.72% stake in Landmark Cars Ltd.
Landmark Cars Ltd FAQs
Q: Why did Landmark shares fall 0.89% today?
Landmark Cars Limited has informed the Exchange regarding a press release dated September 24, 2026, titled Landmark Cars and OLX India Partner to Build India''s Leading Phygital Pre-Owned ..... This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Landmark Cars Ltd?
As per the latest data, promoters hold 49.93% stake in Landmark Cars Ltd, while FII holding stands at 2.69%. Domestic institutional investors hold 20.67%, and public shareholders account for 26.72% of the equity.
Q: What is the current stock price of Landmark Cars Ltd?
Landmark Cars Ltd shares are currently trading at ₹500.15, recording a decline of 0.89% from the previous close.
Q: What is the market capitalization of Landmark Cars Ltd?
The company currently has a market capitalization of ₹2073.87 crore, reflecting its valuation in the Indian equity market.