Popular Vehicles and Services Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Popular Vehicles and Services Limited reported Q1 FY26 results with standalone revenue from operations of ₹5,364.21 million, down about 8.6% from ₹5,871.97 million in Q1 FY25, and a standalone net loss of ₹150.85 million, narrower than the ₹230.56 million loss a year ago. On a consolidated basis, revenue from operations rose modestly to ₹13,108.99 million from ₹12,914.49 million, but the group slipped into a net loss of ₹87.61 million versus a profit of ₹54.50 million in Q1 FY25, with loss before tax of ₹111.13 million. Segment-wise, passenger cars turned from a profit to a small loss, while luxury vehicles and commercial vehicles remained profitable. The board also disclosed the ongoing disinvestment of its stakes in Kuttukaran Green Private Limited and Vision Motors Private Limited, with a share purchase agreement signed with Automart Services in May 2025 and shareholder approval received via postal ballot in July 2025; the disposal group is classified as held for sale with an impairment of ₹19.40 million booked on the Kuttukaran Green investment.
Short-term sentiment is likely negative as the consolidated business swung from profit to loss despite marginal revenue growth, and the standalone top line shrank. However, the loss narrowed year-on-year at the standalone level and the planned divestments of non-core subsidiaries could streamline the business and improve profitability going forward.