Landmark Property swings to profit as revenue hits ₹734.86 lacs
The company posted a net profit of ₹149.42 lacs for FY26, reversing the previous year's ₹372.15 lacs loss.
What's new
- Revenue from operations reached ₹734.86 lacs, up from near-zero in the prior year.
- Landmark recovered ₹35.11 crores in advances from related party Eterna Living.
- Cash and cash equivalents climbed to ₹99.93 lacs from ₹3.46 lacs.
Why this matters
The shift from a loss to profit is a major change for this ₹89 crore market-cap firm. The recovery of the ₹35.11 crore advance from Eterna Living is the next test for the company's balance sheet.
What we're watching
- The September 2026 deadline for the Eterna Living repayment.
- Whether the company can sustain its operational revenue growth.
- Any further reduction in related-party exposure.
The full read
Landmark Property Development has posted a sharp turnaround in its FY26 audited results. The company recorded a net profit of ₹149.42 lacs, a stark contrast to the ₹372.15 lacs loss reported in the previous year. Revenue from operations reached ₹734.86 lacs, up from near-zero levels, pushing total income to ₹816.41 lacs. Liquidity has also improved, with cash balances rising to ₹99.93 lacs from just ₹3.46 lacs.
It is a material change for a firm with a market capitalization of ₹89 crores.
The company has also secured a recovery timeline for ₹35.11 crores in advances previously tied up with related party Eterna Living, which is now classified as a current financial asset due by September 2026. The next test is whether the company can successfully collect the ₹35.11 crore balance within the promised twelve-month window, as failure to do so would leave the balance sheet vulnerable to further impairment charges.
Questions answered
- What drove the company's return to profitability?
- The company generated ₹734.86 lacs in revenue from operations, a sharp increase from the previous year when revenue was virtually nil.
- What is the status of the advances to Eterna Living?
- Landmark has classified the ₹35.11 crore advance as a current financial asset. It is now scheduled for repayment by September 2026.
- How has the company's liquidity position changed?
- Cash and cash equivalents rose to ₹99.93 lacs, up from ₹3.46 lacs in the prior year.
- What was the company's financial performance in the prior year?
- In the year ended March 31, 2025, the company reported a loss of ₹372.15 lacs on total income of ₹176.58 lacs.