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Earnings Call Transcript

Popular Vehicles and Services Earnings Call Transcript: Key Takeaways

Revenue up 36% YoY, driven by acquisitions and festive demand; EBITDA margins expanding.

Popular Vehicles And Services Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue 25.0% FY27
Highlights
Revenue growth₹2,088 Cr, 36% YoY growth; H1 FY27 up 40%.
MarginsEBITDA margin up to 3.7% from 3.2% YoY.
Demand visibilityStrong festive demand (Onam/Diwali); positive showroom footfalls.
Management confidenceBalanced; 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)
Source

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

Read 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.

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