| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | ₹2,088 Cr, 36% YoY growth; H1 FY27 up 40%. |
|---|---|
| Margins | EBITDA margin up to 3.7% from 3.2% YoY. |
| Demand visibility | Strong festive demand (Onam/Diwali); positive showroom footfalls. |
| Management confidence | Balanced; focused on integrating acquisitions and operational leverage. |
Growth
Revenue rose to ₹2,088 Cr; service volumes up 88% YoY through acquisitions.
Outlook
Management reaffirmed FY27 revenue growth guidance of 20-25% over FY26.
Risks
Expansion into low-margin CV segments could dilute consolidated EBITDA margins significantly.
Last quarter's promises, checked
Delivered
- Guided 20–25% FY27 growth (₹8,200–8,300 Cr) → H1 +40% (= BEAT, FY open)
Partly delivered
- Guided acquired units PAT-positive from Q2 → consolidated PAT ₹2.2 Cr, unit split absent (= PARTIAL)
- Guided 6–7% PV service volume growth from Q2 → service volume +88%, acquisition-led (= PARTIAL)
Missed
- Guided ≥4% EBITDA margin each of Q2–Q4 → 3.7% (= MISS)
- Guided sequential margin rise from 3.8% → 3.7% (= MISS)
- Guided debt repayment priority → debt rose (= MISS)
Earnings Call Transcript filed with NSE, NSE: PVSL. Summary written with AI assistance from the document.
Popular Vehicles and Services Ltd: key numbers
- Share price
- ₹95.45
- Market cap
- ₹679.6 Cr
- Revenue (annual)
- ₹6,381 Cr
- Net profit (annual)
- ₹-12.47 Cr
- P/E (TTM)
- -951.8×Sector 66.2×
- 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 Investor Presentation: Key Takeaways
Q2FY27 revenue Rs2,088.9 Cr (+36% YoY), PAT Rs2.2 Cr vs Rs0.6 Cr, EBITDA margin 3.7%. H1 revenue +39.7%, largely acquisition-led.
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.