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Earnings Call

Popular Vehicles and Services Earnings Call: Key Takeaways

Popular Vehicles reported Q4FY26 revenue growth of ~28% YoY, driven by CV and EV segments and strategic acquisitions in Punjab and Telangana.

Highlights
Revenue growthFY26 revenue grew 15.2% YoY; Q4FY26 grew 27.8% YoY.
MarginsEBITDA margin stable at 3.2% for FY26; Gross Profit margin 13.5%.
Demand visibilityPositive, aided by GST reforms improving entry-level PV affordability.
Management confidenceHigh, citing strategic execution, recovery, and successful multi-state network expansion.

Growth

FY26 revenue up 15.2% to ₹6,381.1 Cr; Q4FY26 revenue up 27.8% YoY. EBITDA grew 16% in FY26.

Outlook

Aims to reduce Keralam revenue contribution below 50% by Q1FY27; focusing on high-margin service and spare parts.

Risks

PV service volumes impacted by throughput moderation; high interest costs and integration risks from multiple acquisitions.

Source

Earnings Call filed with NSE, NSE: PVSL. Summary written with AI assistance from the document.

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Popular Vehicles and Services Ltd: key numbers

Share price
₹98.67
Market cap
₹702.5 Cr
Revenue (annual)
₹6,381 Cr
Net profit (annual)
₹-12.47 Cr
P/E (TTM)
-299.3×Sector 67.6×
Promoter holding
61.38%+0.02% QoQ
FII holding
10.28%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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16:01 IST BSE
Debt & Borrowing

Popular Vehicles and Services Debt & Borrowing: ₹48.5 Cr

Popular Vehicles and Services Ltd is renewing corporate guarantees totaling ₹48.50 Crore in favour of State Bank of India for its two wholly-owned subsidiaries.

Value
₹48.50 Cr