Landmark Property Development Posts Strong Results Amid Major Advance Recovery in Q2 FY26

Landmark Property Development Posts Strong Results Amid Major Advance Recovery in Q2 FY26​

Landmark Property Development Company Limited announced its unaudited financial results for the quarter ended June 30, 2026, showing significant total income driven by a major reversal of provisions related to advances. The company's profitability stood at Rs. 696.43 lakhs after tax during the period.

The results reflect the company’s real estate development activities and the outcome of advanced receivable matters with Eterna Living Pvt. Ltd., as detailed in the accompanying financial statements.

Financial Highlights for Quarter Ended June 30, 2026​

The Statement of Unaudited Financial Results shows key operational metrics across the period. Total income reached Rs. 932.28 lakhs, primarily boosted by a reversal of provisions for expected credit losses amounting to Rs. 776.83 lakhs. Total expenses for the quarter were reported at Rs. 126.04 lakhs.

The company recorded a Profit / (Loss) for the period at Rs. 696.43 lakhs, with Total Comprehensive Income also standing at Rs. 696.43 lakhs. The paid up Equity Share Capital stood at Rs. 1,341.43 lakhs.

For context, other financial metrics from the board-approved Q3 ended March 30, 2026, showed a total income of 599.82 lakhs and Profit / (Loss) for the period after tax of 128.15 lakhs. The previous unaudited quarter (Q4 FY25) reported a Total income of 16.62 lakhs and a Net Profit / (Loss) before Tax of (0.92) lakhs.

The detailed financial figures are presented in the table below:

Status of Advance Recovery from Eterna Living Pvt. Ltd.​

A significant factor highlighted in the results pertains to the advances held by the company against Eterna Living Pvt. Ltd. (formerly Ansal Landmark). This relate concern involves a balance of Rs. 3,511.15 lakhs (Net) as at June 30, 2026.

This amount relates to space booking advances that were originally given by the company but subsequently transferred to Eterna Living Pvt. Ltd., a special purpose entity focused on the Karnal township project. The provision of Rs. 1,600.00 lakhs recognized in earlier years was retained as at June 30, 2026, resulting in the net carrying amount of Rs. 1,911.15 lakhs for the refund receivable.

The company reported that it received Rs. 15.00 lakhs during the quarter ended March 31, 2026, which was adjusted against this outstanding balance.

Regarding the future timeline, the Board of Directors subsequently agreed to extend the deadline for repayment of the remaining balance from September 26, 2026, to March 31, 2027. This extension remains subject to approval by the company’s Shareholders at the ensuing Annual General Meeting.

LPDC Stock Price Movement​

On Wednesday, shares of Landmark Property Development Company Limited gained 1.26%, settling at ₹6.43 after registering a rise of ₹0.08. The equity saw a volume of 12,466 shares throughout the trading session.