Popular Vehicles and Services Ltd

Popular Vehicles and Services Limited submitted a certificate to the BSE Limited and National Stock Exchange of India Limited on October 13, 2026, confirming details of dematerialized and rematerialized securities for the quarter ended September 30, 2026, as per Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, with MUFG Intime India Private Limited, formerly Link Intime India Private Limited, acting as the Registrar and Transfer Agent.

Popular Vehicles & Services Ltd. has announced that Care Ratings Limited (Care Edge Ratings) has taken rating actions regarding the bank facilities of its wholly-owned subsidiary, Popular Autoworks Private Limited (PAPL), as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specifically, Care Ratings reaffirmed the rating of CARE A-; Stable / CARE A2+ for long-term and short-term bank facilities amounting to Rs 105.70 Crores (enhanced from Rs 95.70 Crores), assigned a new rating of CARE A-; Stable for long-term bank facilities on an amount of Rs 7.50 Crores, and reaffirmed the rating of CARE A-; Stable for long-term bank facilities on an amount of Rs 15.50 Crores (enhanced from Rs 2.50 Crores), with the upgraded rating also available on the Care Ratings website.

Popular Vehicles and Services Ltd. informed the BSE Limited and National Stock Exchange of India Limited that the trading window for dealing in the company's securities will be closed from October 1, 2026, until 48 hours after the declaration of the unaudited financial results for the second quarter and half year ended September 30, 2026, restricting trading for directors, designated persons, and their immediate relatives.

Popular Vehicles and Services Ltd. announced that shareholders approved the reappointment of Mr. John K. Paul and the appointment of Mr. Paul Francis Kuttukaran as a Non-Executive Non-Independent Director at the company’s 42nd Annual General Meeting held on August 28, 2026. Mr. Kuttukaran’s appointment is intended to maintain representation of all three promoter families on the board, following the cessation of Mr. Francis Kuttukaran Paul’s directorship on March 31, 2026.

Popular Vehicles and Services Ltd. announced that shareholders approved the appointment of MSKA & Associates LLP as the statutory auditors at the company’s 42nd Annual General Meeting held on Friday, August 28, 2026. The appointment, which replaces the existing auditor due to the expiry of their term, is for a five-year term from the conclusion of the current AGM until the conclusion of the 47th Annual General Meeting in the financial year 2031-32, with remuneration to be determined by the audit committee and board of directors.

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.