Popular Vehicles and Services Ltd

Popular Vehicles & Services Ltd share price declined by 1.61% to Rs 107.1 after the company's net profit tumbled by 127.62% to Rs 1.37 crore, while revenue from operations slightly gained 7.70% to Rs 1889.58 crore in Q2FY26 over Q1FY26. The market capitalization of Auto Dealer industry group stocks on BSE stood at Rs 2510.18 crore, declining 1.42%. It has inched up 3.81% over last one week and spiked sharply by 35.17% in last one month while the market capitalization of Popular Vehicles & Services Ltd has improved by 0.59% and 5.69% in the same period respectively. Profit before tax (PBT) of Popular Vehicles & Services Ltd stood at Rs 1.86 crore in Q2 FY26, crashing by 116.74% year-on-year, and plunging by 125.80% quarter-on-quarter. EBITDA came in at Rs 44 crore, expanding by 57.67% YoY and slipping 9.04% sequentially. Total expenses posted a minor rise of 7.60% to Rs 1871.16 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 116.91 crore, registering a growth of 8.13% YoY. For the TTM ended FY26, revenue from operations advanced 15.16% to Rs 6381.1 crore, while net profit expanded by 19.22% to Rs 12.47 crore, compared to previous TTM. EBITDA jumped by 16225% to Rs 163.42 crore, and PBT jumped 48.60% to Rs 13.3 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 100.18 crore in FY26, as against Rs 150.8 crore in FY25. Popular Vehicles & Services Ltd crashed 8.34% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.56% during the same period.

Popular Vehicles and Services Ltd will hold a board meeting on August 11, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. The trading window for the company's designated persons has been closed from July 1, 2026, until 48 hours after the public announcement of the financial results.

Popular Vehicles and Services, a distributor of Maruti Suzuki automobiles, experienced a data breach in November 2023 impacting its Popular Maruti and Popular Nexa websites, prompting a migration to a more secure server. The company, which sources 6.8% of its input materials from micro and small enterprises within India, also faces ongoing challenges related to waste management, resulting in multiple penalties for improper disposal practices at its service centers. While the company maintains consumer complaint resolution mechanisms with a 48-hour response time target, a significant 74,238 complaints regarding essential service delivery were received in fiscal year 2024. The report also indicates that 16.87% of total wage costs are allocated to rural areas, 32.45% to semi-urban areas, and 50.68% to urban areas.

Net Loss of Popular Vehicles & Services reported to Rs 4.96 crore in the quarter ended March 2026 as against net loss of Rs 13.72 crore during the previous quarter ended March 2025. Sales rose 27.84% to Rs 1754.45 crore in the quarter ended March 2026 as against Rs 1372.36 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 12.47 crore in the year ended March 2026 as against net loss of Rs 10.46 crore during the previous year ended March 2025. Sales rose 15.16% to Rs 6381.10 crore in the year ended March 2026 as against Rs 5541.23 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1754.451372.36 28 6381.105541.23 15 OPM %3.031.88 -2.872.80 - PBDT30.239.12 231 100.1189.84 11 PBT-7.50-16.21 54 -27.24-8.95 -204 NP-4.96-13.72 64 -12.47-10.46 -19 Powered by Capital Market - Live

Popular Vehicles & Services will hold a meeting of the Board of Directors of the Company on 26 May 2026.

Total revenue from operations increased 15% YoY in FY26. The company said that Honda and Piaggio volumes and revenue were accounted for only until August 2025, while Audi volume and revenue were accounted for from Q4 FY26 onwards. Segment-wise, passenger vehicles (excluding luxury) grew 25% YoY in Q4 FY26 and 4% YoY in FY26. The luxury PV segment grew 37% YoY in Q4 FY26 and 15% YoY for FY26. Commercial vehicles (CV) posted a sharp growth of 134% YoY in Q4 FY26 and 32% YoY in FY26. The EV and spare parts distribution segment rose 39% YoY in Q4 FY26 and 15% YoY in FY26. New vehicle volume sales increased 44% YoY in Q4 FY26 and 21% YoY in FY26. Popular Vehicles and Services is one of the largest authorized dealerships for Maruti Suzuki India (MSIL) vehicles in India. Its subsidiaries and step-down subsidiaries are in the dealership business of Honda Cars India, Jaguar Land Rover India, Tata Motors (Commercial Vehicles) and Daimler India Commercial Vehicles (Bharat Benz), among others. The company reported a consolidated net loss of Rs 0.67 crore in Q3 FY26, compared with a net loss of Rs 9.76 crore in Q3 FY25. Revenue from operations rose 30.8% YoY to Rs 1,785.36 crore in Q3 FY26, from Rs 1,364.67 crore in the corresponding quarter of the previous fiscal year.

Popular Vehicles & Services will hold a meeting of the Board of Directors of the Company on 10 February 2026.Powered by Capital Market - Live

Popular Vehicles & Services announced that Imperion Cars  (a 100% subsidiary of our wholly-owned subsidiary - Popular Mega Motors (India)) has received three Letter of Intent (LOIs) from AUDI India for retail operations across Telangana and Andhra Pradesh. The LOIs enables the company to take over the business of existing AUDI dealer in these states. This marks the commencement of a new dealer relationship with AUDI, the premium luxury automobile brand. Under this association, PVSL will represent AUDI through its facilities in Hyderabad (Telangana), Visakhapatnam and Vijayawada (Andhra Pradesh), providing access to AUDI's range of luxury vehicles along with comprehensive sales and after-sales services in line with the brand's global standards. This development represents an important milestone in the company's growth strategy and a strategic expansion of its luxury portfolio, building on its existing presence through Jaguar Land Rover. The Company will establish a total of 5 AUDI touchpoints, comprising a showroom and service centre in Hyderabad, a showroom and service centre in Visakhapatnam, and a service centre in Vijayawada. The Hyderabad facility further reinforces the company's recent expansion in the state of Telangana, while the establishments in Visakhapatnam and Vijayawada mark the company's entry into the state of Andhra Pradesh. The company will have an exclusive AUDI presence in both Visakhapatnam and Vijayawada, strengthening its position in these key, high-growth markets. Powered by Capital Market - Live

Net profit of Popular Vehicles & Services declined 92.47% to Rs 0.57 crore in the quarter ended September 2025 as against Rs 7.57 crore during the previous quarter ended September 2024. Sales rose 1.17% to Rs 1530.38 crore in the quarter ended September 2025 as against Rs 1512.75 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales1530.381512.75 1 OPM %2.963.54 - PBDT23.7536.92 -36 PBT-3.6311.86 PL NP0.577.57 -92 Powered by Capital Market - Live

Popular Vehicles & Services will hold a meeting of the Board of Directors of the Company on 10 November 2025.Powered by Capital Market - Live