Popular Vehicles and Services Limited has informed the Exchange regarding a press release dated May 26, 2026, titled "Popular Vehicles and Services Limited Q4FY26 Consolidated Results".
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Popular Vehicles and Services Limited reported Q4FY26 total income of Rs. 1,758.8 crores, up ~28% YoY, driven by strong new vehicle volumes of 14,885 units (up ~44%). EBITDA stood at Rs. 57.5 crores with margins expanding to 3.3% from 2.2% YoY. However, the company reported a PAT loss of Rs. 5.0 crores in Q4 (vs loss of Rs. 13.7 crores in Q4FY25), and full year PAT was negative at Rs. 12.5 crores. The company completed three strategic acquisitions (BharatBenz in Punjab, Maruti in Telangana, Audi in Telangana/Andhra Pradesh) and divested Honda and Piaggio businesses. EV volumes surged 137.6% YoY in Q4, driven by Ather's growing presence. Non-Kerala revenue contribution increased to ~47% in FY26 from 28% in FY23.
Despite strong revenue growth and EBITDA margin expansion, the persistent PAT losses (both quarterly and full year) indicate the company continues to face profitability challenges, likely due to high operating costs and debt servicing from acquisitions. Shareholders should monitor whether recent acquisitions and network expansion will translate into sustainable profitability.