ALFA Finder| Management target | Revenue FY27 |
|---|
| Revenue growth | Q2 +36% reported, +26% organic; H1 +39.7% |
|---|---|
| Margins | Q2 EBITDA margin 3.7% vs 3.2%; gross margin 12.8% vs 13.7% |
| Demand visibility | Festive-led; service momentum expected to sustain |
| Management confidence | Reiterated FY27 20-25% guidance as on track |
Growth
Q2 organic revenue +26%. H1 revenue Rs3,983.9 Cr (+39.7%); H1 PAT Rs3.6 Cr vs loss of Rs8.2 Cr.
Outlook
Reiterates FY27 revenue growth of 20-25%. Expects inventory to normalise and earnings momentum to strengthen. No profit guidance.
Risks
Inventory rose to Rs920 Cr (Mar-26: Rs617 Cr). H1 operating cash outflow Rs180.6 Cr. Borrowings up to Rs1,014 Cr.
Last quarter's promises, checked
Delivered
- FY27 revenue growth 20-25% → H1 revenue +39.7% (= BEAT)
- Positive PAT from Q2 → Q2 PAT Rs2.2 Cr (= BEAT)
Partly delivered
- FY27 turnover Rs8,200-8,300 Cr → H1 Rs3,983.9 Cr; full year pending (= PARTIAL)
Missed
- EBITDA margin at least 4% each quarter from Q2 → Q2 3.7% (= MISS)
- Operating cash to repay debt → H1 operating outflow Rs180.6 Cr; borrowings Rs1,014 Cr (= MISS)
- Inventory ~30 days → Rs920 Cr vs Rs617 Cr in Mar-26; normalisation deferred (= MISS)
Investor Presentation filed with NSE, NSE: PVSL. Summary written with AI assistance from the document.
Popular Vehicles and Services Ltd: key numbers
- Share price
- ₹96.00
- Market cap
- ₹683.5 Cr
- Revenue (annual)
- ₹6,381 Cr
- Net profit (annual)
- ₹-12.47 Cr
- P/E (TTM)
- -291.2×Sector 65.1×
- Promoter holding
- 61.38%+0.00% QoQ
- FII holding
- 10.27%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Popular Vehicles and Services Ltd
All →Popular Vehicles and Services Results Update
Popular Vehicles released Q2FY27 results with Total Income of Rs.2,093.8 Crore, up about 36% YoY. EBITDA reached Rs.77.7 Crore at 3.7% margins.
Popular Vehicles and Services Other Announcement
Popular Vehicles reconstituted its Stakeholders Relationship and CSR Committees at the 11 November 2026 board meeting. The changes follow John K Paul's board resignation.
Popular Vehicles and Services Q2 FY27 Results: Net Profit ₹2.2 Cr, Up 266.7% YoY
Popular Vehicles and Services Ltd reported revenue from operations of ₹2,089 Cr (+36.0% YoY) and net profit of ₹2.2 Cr (+266.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹2.2 Cr · +266.7% YoY
Popular Vehicles and Services Annual General Meeting
Popular Vehicles seeks shareholder approval by postal ballot to alter its Articles of Association on the company seal. E-voting runs from November 6 to December 5, 2026.
Popular Vehicles and Services Management Change
Popular Mega Motors, a wholly owned material subsidiary, saw its statutory auditor R.G.N. Price & Co. resign. The resignation follows the holding company's auditor rotation.
Popular Vehicles and Services Board Meeting Date
Popular Vehicles will hold a board meeting on 11 November 2026 to approve unaudited half-year results. The trading window closes from 01 October 2026.