Popular Vehicles and Services Ltd

The facilities will be spread across two locations in Chennai. One will feature an Experience Centre, while the other will host a Service Centre and warehouse. The service center will initially operate with five bays, capable of servicing approximately 450 vehicles per month. Operations are expected to commence in the first week of September 2025. The total investment for the project is estimated at Rs 75 lakh. Naveen Philip, promoter and managing director of Popular Vehicles and Services, stated, 'Through this strategic collaboration, we aim to reinforce Ather's growing presence by establishing a robust service network and delivering an exceptional ownership experience to EV customers. Tamil Nadu is an important market in our efforts to gradually broaden our revenue beyond Kerala, and this initiative supports that direction.' 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 13.72 crore in Q4 FY25, compared to a net loss of Rs 20.11 crore in Q4 FY24. Revenue from operations rose marginally to Rs 1,372.36 crore in Q4 FY25, up from Rs 1,363.71 crore in the corresponding quarter of the previous fiscal year. Shares of Popular Vehicles and Services shed 0.44% to Rs 135.10 on the BSE.Powered by Capital Market - Live

With this development, the company will enter the Punjab market as the exclusive dealer for BharatBenz across the entire state. The move marks a strategic expansion of Popular Vehicles' footprint in North India, building its strong foothold in Maharashtra and Tamil Nadu, and further strengthening its relationship with the BharatBenz brand. The eight integrated facilities will be strategically located across the state and will include showrooms, bodyshops, spare parts distribution centers, and pre-owned vehicle operations ' all under one roof. The project will feature a total of 32 service bays and involves a cumulative investment of around Rs 13 crore, the company said in a regulatory filing. Naveen Philip, promoter and MD of Popular Vehicles and Services, said, 'We are delighted to announce our entry into the northern market in the state of Punjab through our partnership with Bharat Benz, marking another significant milestone in our growth journey. This expansion extends our presence beyond the western and southern regions, establishing footprint for our commercial vehicle segment across India. To begin with, we will be setting up 8 integrated 3S facilities for Bharat Benz across the state. With this development, Punjab becomes the third key state in our BharatBenz dealership network, following Tamil Nadu and Maharashtra. This move is a part of our broader strategy to diversify beyond Kerala & grow our presence in new geographies. We are confident that Punjab'with its vibrant economy and growing demand for commercial transportation'offers strong potential, and we remain committed to delivering best-in-class mobility solutions while deepening our relationship with Daimler India Commercial Vehicles.' Popular Vehicles and Services is the one of the largest authorised 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 13.72 crore in Q4 FY25, compared to a net loss of Rs 20.11 crore in Q4 FY24. Revenue from operations rose marginally to Rs 1,372.36 crore in Q4 FY25, up from Rs 1,363.71 crore in the corresponding quarter of the previous fiscal year. The counter shed 0.77% to Rs 122 on the BSE. Powered by Capital Market - Live

Shares of Maruti Suzuki India shed 0.31% to Rs 12,481 on the BSE. The upcoming outlet will be located at Property No. 20/4, Bilekahalli Village, Begur Hobli, Bannerghatta Road, a prominent and well-connected area in Bangalore. This development represents a strategic move to expand our presence in Karnataka and also meet the growing demand for reliable, value-for-money mobility solutions in urban markets. Spanning approximately 6,000 sq. ft., the new facility will have the capacity of covered display of up to 15 vehicles on-site. The facility is expected to be ready and start operations by the end of August 2025. Naveen Philip, Promoter and MD, Popular Vehicles and Services said, 'We are excited to expand our relationship with Maruti Suzuki through the upcoming launch of a True Value outlet in Bangalore. This development complements our existing 3S Arena facility in the city and reflects our strong belief in the growth potential of Bangalore's pre-owned car market. As one of India's most vibrant automotive hubs, Bangalore presents a significant opportunity in the certified used car space. This outlet will serve as a key destination for quality-assured preowned vehicles and further reinforces our broader strategy of expanding across both new and used vehicle segments. We remain committed to delivering a superior ownership experience built on trust, transparency, and service excellence.' Popular Vehicles and Services is in the business of sale and service of automobiles, spare parts, finance and insurance commission. Maruti Suzuki India is engaged in the manufacture, purchase, and sale of motor vehicles, components, and spare parts (automobiles). Powered by Capital Market - Live

Securities in F&O Ban: Aditya Birla Fashion & Retail (ABFRL), Indian Renewable Energy Development Agency (IREDA), RBL Bank, Hindustan Copper and Chambal Fertilisers & Chemicals shares are banned from F&O trading on 11 June 2025. Stocks to Watch: Popular Vehicles and Services received a Letters of Intent (LOI) from Maruti Suzuki India to establish a new independent True Value outlet for pre-owned vehicles in Bangalore, Karnataka. Kaynes Technology India's wholly owned subsidiary, Kaynes Semicon has entered into an asset purchase agreement with Fujitsu General Electronics (Fujitsu Electronics) to acquire production lines for power modules. Anant Raj's board approved the re-appointment of Aman Sarin as managing director, chief executive officer (CEO) and chief operating officer (COO) for the five years with effect from 1 January 2026 Man Infraconstruction agreed to acquire 36.07% stake in its wholly owned subsidiary, Man Realtors and Holdings (MRHPL) at Rs 215 per share. The company holds 63.93% stake in the MHRPL. HCL Technologies announced an expansion of its partnership with Standard Insurance Company to deliver AI-driven infrastructure and application services to boost efficiency, support rapid growth and enhance customer experience.Powered by Capital Market - Live

Net loss of Popular Vehicles & Services reported to Rs 13.72 crore in the quarter ended March 2025 as against net profit of Rs 20.11 crore during the previous quarter ended March 2024. Sales rose 0.63% to Rs 1372.36 crore in the quarter ended March 2025 as against Rs 1363.71 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 10.46 crore in the year ended March 2025 as against net profit of Rs 76.08 crore during the previous year ended March 2024. Sales declined 1.32% to Rs 5541.23 crore in the year ended March 2025 as against Rs 5615.53 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1372.361363.71 1 5541.235615.53 -1 OPM %1.884.60 -2.804.54 - PBDT9.1248.09 -81 89.84188.04 -52 PBT-16.2123.86 PL -8.9596.11 PL NP-13.7220.11 PL -10.4676.08 PL Powered by Capital Market - Live

Popular Vehicles & Services will hold a meeting of the Board of Directors of the Company on 29 May 2025.Powered by Capital Market - Live

Net loss of Popular Vehicles & Services reported to Rs 9.76 crore in the quarter ended December 2024 as against net profit of Rs 15.92 crore during the previous quarter ended December 2023. Sales declined 3.68% to Rs 1364.67 crore in the quarter ended December 2024 as against Rs 1416.82 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1364.671416.82 -4 OPM %2.244.31 - PBDT11.7943.27 -73 PBT-12.8919.98 PL NP-9.7615.92 PL Powered by Capital Market - Live

Popular Vehicles & Services announced that its wholly owned subsidiary, 'Kuttukaran Cars' has received Letter of Intent (LOI) for establishing Ather Space 3.0 in Thiruvananthapuram, Kerala. Located at Building No - 30/111 & 30/112, Opposite Homeo Hospital, TB Junction Attingal P.O., Thiruvananthapuram, Kerala, this facility will include an Experience Centre, Service Centre and Warehouse. It will have 1 bay forservicing ~90 vehicles per month. Powered by Capital Market - Live

Popular Vehicles & Services will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

Net profit of Popular Vehicles & Services declined 76.56% to Rs 7.57 crore in the quarter ended September 2024 as against Rs 32.29 crore during the previous quarter ended September 2023. Sales declined 7.13% to Rs 1512.75 crore in the quarter ended September 2024 as against Rs 1628.96 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1512.751628.96 -7 OPM %3.545.00 - PBDT36.9263.99 -42 PBT11.8641.28 -71 NP7.5732.29 -77 Powered by Capital Market - Live