Popular Vehicles and Services Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Popular Vehicles and Services Limited reported FY2026 standalone revenue of Rs 28,683.52 million, up 10.3% from Rs 26,005.50 million in FY2025. However, standalone loss widened to Rs 692.16 million from Rs 336.17 million in the prior year. On consolidated basis, revenue grew 14.9% to Rs 64,010.85 million (FY2025: Rs 55,705.40 million), with profit after tax (owners) of Rs 55.47 million compared to a loss of Rs 78.02 million last year. Exceptional items included a Rs 11.57 million gain from disinvestment of Kuttukaran Green Private Limited and Rs 8.70 million write-back due to new Labour Codes. The company completed acquisition of Maruti Suzuki dealership from R K S Motor Private Limited in Telangana for Rs 930 million. Operating cash flow turned positive at Rs 932.82 million (standalone) from negative Rs 386.47 million in prior year.
Despite revenue growth of ~15% on consolidated basis, the company continues to incur significant standalone losses with PAT negative at Rs 692.16 million. The acquisition of the Telangana Maruti dealership adds scale but also increases debt and integration costs. Shareholders should monitor the company's ability to achieve operational profitability given persistent losses at standalone level.