Popular Vehicles and Services Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Popular Vehicles and Services reported consolidated revenue growth of approximately 44% year-on-year to Rs 1,890 crores for Q1 FY27, driven by both acquisitions made during FY26 and organic growth across existing businesses. Reported EBITDA rose approximately 87% year-on-year to Rs 71.5 crores with margins improving to 3.8% from 2.9%, while reported PBT turned positive at Rs 1.9 crores compared with a loss in the same quarter last year. Management described improved demand across most segments, cited GST reform effects on affordability, and outlined plans for the acquired businesses to reach profitability at the PAT level over coming quarters.
Popular Vehicles and Services reported Q4 FY26 revenue growth of around 28% year-on-year and full year FY26 revenue growth of around 15%, with new vehicle volumes up 21% for the year. Management disclosed a corrected Q4 revenue figure following an error in the earlier business update, and reported FY26 EBITDA of Rs 203.4 crore, up 16% year-on-year, with a reported PAT loss of Rs 12.5 crore. The company completed three acquisitions during the year (BharatBenz Punjab, Maruti Suzuki Telangana, and Audi dealership operations in Telangana and Andhra Pradesh) and divested its Honda and Piaggio businesses.