Board of Directors at their meeting held on 26th May, 2026 has approved the audited standalone and consolidated financial results for the quarter and year ended 31st March, 2026.
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Popular Vehicles reported consolidated total income of Rs 64,283 million for FY26, up 15.4% from Rs 55,705 million in FY25. However, the company swung to a consolidated loss of Rs 120 million (PAT) from profit of Rs 135 million in the prior year. Standalone revenue grew 10.3% to Rs 28,684 million, but standalone loss widened to Rs 511 million from Rs 336 million. The auditors issued an unmodified opinion. Key exceptional items included a Rs 11.57 million gain from disinvestment of subsidiary Kuttukaran Green Private Limited, and Rs 8.70 million credit from new Labour Codes impact. The company completed acquisition of R K S Motor's Maruti dealership for Rs 930 million in October 2025, contributing to higher borrowings.
Despite strong revenue growth of 15%, the company is facing margin pressure with widening losses and increased debt levels. Shareholders should note the increased leverage and operating losses, though the consolidated entity remains profitable at EBITDA level.