Landmark Property Development Company has reported a financial turnaround, posting a profit of Rs 1.49 crore for FY26 compared to a loss of Rs 3.72 crore in FY25. Revenue saw a major boost to Rs 7.35 crore. The company is now seeking shareholder approval at its upcoming AGM to extend a major debt recovery timeline of Rs 27.11 crore from Eterna Living Private Limited.
Landmark Property Development FY26 Financial Turnaround
Profit After Tax: Rs 1.49 crore | Revenue from Operations: Rs 7.35 crore
Reader Takeaway: Landmark Property turned profitable on higher sales, though recovery of Rs 27.11 crore from Eterna Living remains a key monitoring point.
What just happened
Landmark Property Development Company Ltd has reported a profit after tax of Rs 1.49 crore for the financial year ended March 31, 2026, marking a significant recovery from the Rs 3.72 crore loss recorded in the previous fiscal year. Revenue from operations surged to Rs 7.35 crore, up from Rs 1.17 crore in FY25.
Why this matters
The company’s operational performance has shown a positive shift, driven largely by the sale of flats and plots. However, the balance sheet remains tied to a significant recovery effort involving Eterna Living Private Limited (formerly Ansal Landmark (Karnal) Township Private Limited). The company is seeking shareholder approval to extend the repayment deadline for Rs 27.11 crore from September 2026 to March 31, 2027, citing delays in Eterna’s project realization due to pending government approvals.
Governance and Board
The company’s 50th Annual General Meeting is scheduled for September 21, 2026. Board changes include the re-appointment of Smt. Sharmila Dalmia, who is retiring by rotation. Additionally, the company noted that Sh. J.K. Kapur stepped down as an Independent Director on June 26, 2025, following the completion of his term.
Risks to watch
Investors should monitor the recovery of the remaining Rs 27.11 crore from Eterna Living. While Rs 8.15 crore has been recovered as part-payment, the request for a repayment extension highlights dependency on external group transactions and regulatory timelines, which poses a risk to cash flow if further delays occur.
What to track next
The outcome of the shareholder vote at the AGM regarding the Eterna Living repayment extension is critical. No dividend has been recommended for the year, indicating the company's current focus on liquidity and balance sheet strengthening.