Popular Vehicles and Services Limited has informed the Exchange regarding a press release dated August 16, 2025, titled "Q1FY26 Consolidated Results".
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Awaiting price reaction for this filing.
Popular Vehicles and Services reported Q1FY26 total income of Rs. 1,316 crs, up 1.3% YoY from Rs. 1,298.4 crs. EBITDA fell 26.3% YoY to Rs. 38.3 crs with margins compressing to 2.9% from 4.0% (though improving from Q4FY25's 2.2%). The company slipped into a loss with PAT of Rs. -8.8 crs versus a profit of Rs. 5.4 crs in Q1FY25, and PBT stood at Rs. -11.1 crs. New vehicle volumes declined 1.5% YoY, dragged by a prolonged slowdown in the non-luxury passenger vehicle segment, though service revenue grew 4.5% YoY and EV revenue nearly doubled. Credit ratings were re-affirmed at CRISIL A/Stable for long-term and A1 for short-term on Rs. 468 crore bank facilities.
Weak quarter for shareholders as profitability deteriorated sharply with the company moving from profit to loss and EBITDA margins compressing over 100 bps YoY, though cost-control measures narrowed losses versus Q4FY25 and management expects a demand recovery in the compact car segment.