Landmark Property Development Company Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The results were approved by the Board of Directors during a meeting held on January 29, 2026, which commenced at 05:00 PM and concluded at 05:35 PM. The company's financial statement for the period shows a total income of ₹184.51 lacs for the quarter ended December 31, 2025, compared to ₹62.77 lacs in the same quarter of the previous year. Expenses for the quarter were ₹150.57 lacs. The net profit for the quarter after tax was ₹25.22 lacs, a significant improvement from a loss of ₹3.27 lacs in the corresponding quarter of the previous year. For the nine months ended December 31, 2025, the total income was ₹216.59 lacs, with a net profit after tax of ₹21.27 lacs. A significant development highlighted is the Board's approval for a proposal to enter into an agreement for the cancellation of a booking and refund of advances amounting to ₹3,526.15 lacs (gross) given to Eterna Living Private Limited. This is related to a Business Transfer Agreement from 2012, where the company was entitled to allotment of plots/flats. Due to prolonged delays and the adverse financial position of Eterna Living Private Limited, provisions of ₹1,200 lacs in FY2023-24 and ₹400 lacs in FY2024-25 have been made against these advances. The Board's approval for this cancellation is subject to shareholder approval. The company also addressed a demand notice from the Mining Officer of the Government of Odisha for ₹105.90 lacs concerning alleged excess mineral extraction. An appeal was filed on March 9, 2022, and an order is awaited. Additionally, a demand of ₹13.05 lacs for differential Dead Rent has been received, against which the company has filed a Writ Petition in the Hon'ble High Court of Orissa, Cuttack, as the lease had expired in 2005. The matter is sub-judice. The company noted that the implementation of four new Labour Codes, effective November 21, 2025, has had a non-material impact on its employee retirement benefits.
