Popular Vehicles and Services Ltd

Popular Vehicles and Services Business Update

Popular Vehicles reported 53% revenue growth for Q1FY27. The company expanded its network with four new touchpoints across Kerala and Maharashtra.

Popular Vehicles and Services Other Announcement

Popular Vehicles and Services Limited has changed its official website to www.popularvehicles.in. This administrative update ensures compliance with SEBI LODR regulatory disclosure requirements.

Popular Vehicles and Services Earnings Call: Key Takeaways

Popular Vehicles reported Q4 FY26 revenue growth of 28% and FY26 growth of 15%. Management is focusing on non-Kerala expansion, luxury segments (Audi/JLR), and high-margin service business following a year of recovery and strategic acquisitions.

Popular Vehicles and Services Management Change

Popular Vehicles and Services Limited announced redesignations for two senior executives. Ms. Jarly Manjesh becomes Head–Group Finance Transformation, while Mr. Gopikrishnan J is the new CRO.

Popular Vehicles and Services Other Announcement

Popular Vehicles and Services Ltd re-composed its board committees, effective May 26, 2026. This administrative update ensures compliance with SEBI governance standards for listed entities.

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.

Popular Vehicles and Services Management Change

Popular Vehicles and Services appointed Mr. Gopikrishnan J as Chief Risk Officer, replacing Ms. Jarly Manjesh. The leadership transition became effective on May 26, 2026.

Popular Vehicles and Services Results Update

Popular Vehicles reported Q4FY26 total income of ₹1,758.8 Crore, up 28% YoY. Strong growth in electric and commercial vehicles supported overall financial performance.

Value

₹1,759 Cr

Popular Vehicles and Services Q4 FY26 Results: Net Loss of ₹5 Cr, Loss Narrows

Popular Vehicles and Services Ltd reported revenue from operations of ₹1,754 Cr (+27.8% YoY) and a net loss of ₹5 Cr for Q4 FY26.

Key figure

Net loss ₹5 Cr

Popular Vehicles and Services Financial Results

Popular Vehicles and Services Ltd approved its FY26 audited financial results and appointed MSKA & Associates as statutory auditors. The board also restated Q4FY26 revenue growth to 28%.

Popular Vehicles and Services Management Change

Popular Vehicles and Services CEO Raj Narayan resigned to pursue new career opportunities. His resignation is effective August 21, 2026, following a notice period.

Popular Vehicles and Services Board Meeting Date

Popular Vehicles and Services will hold a board meeting on May 26, 2026. Directors will consider and approve Q4 and full-year financial results.

Popular Vehicles and Services Credit Rating

CRISIL extended Popular Mega Motors (India) Private Limited's ratings of CRISIL A/Stable and CRISIL A1 for ₹235.55 Crore facilities. Ratings remain valid until March 2027.

Value

₹235.6 Cr

Execution

valid till March 31, 2027

Popular Vehicles and Services Management Change

Popular Vehicles and Services Ltd announced the resignation of Mr. Jobin Thomas, Head-Human Resources, effective July 31, 2026. Mr. Thomas is departing to pursue other career opportunities after serving for 5.5 years. The company is currently managing the transition process for his critical HR responsibilities.

Popular Vehicles and Services Management Change

Manoj J Chethimattam has resigned as Head of Supply Chain Management at Popular Vehicles and Services Limited due to personal reasons. His resignation was received on May 4, 2026, and will become effective on August 3, 2026.

Popular Vehicles and Services Management Change

Popular Vehicles and Services Ltd announced the resignation of Mr. Manoj J. Chethimattam, Head of Supply Chain Management, citing personal reasons. His resignation was tendered on May 4, 2026, and will take effect from August 3, 2026. The company is currently in the process of managing the transition of his responsibilities.

Popular Vehicles and Services Debt & Borrowing: ₹410.4 Cr

Popular Vehicles and Services Limited disclosed it is 'Not a Large Corporate' as of March 31, 2026, per SEBI criteria. The company reported outstanding borrowings of ₹410.43 Crore and maintained a 'Long term -A/stable' credit rating from CRISIL.

Value

₹410.4 Cr

Popular Vehicles and Services Business Update

Popular Vehicles and Services Ltd reported a 69% YoY revenue growth for Q4FY26, driven by a 134% surge in CV revenue. New vehicle volume sales grew 44% in Q4. Performance was aided by September 2025 GST reforms, though the luxury segment faced a cyber-attack impact. The company also expanded its network with new MSIL and Ather touchpoints.

Popular Vehicles and Services Credit Rating

Popular Vehicles and Services Ltd received a rating extension from CRISIL. The long-term rating is CRISIL A/Stable and short-term is CRISIL A1, valid until March 2027. Additionally, the rated bank loan facilities increased from ₹468 Crore to ₹643 Crore, reflecting the company's expanded credit limits and financial standing.

Value

₹643.0 Cr

Execution

Till 31st March, 2027

Popular Vehicles and Services Debt & Borrowing: ₹20 Cr

Popular Vehicles and Services Ltd has extended a ₹20 Crore corporate guarantee to Axis Bank for its subsidiary, Popular Autoworks Private Limited. This guarantee supports the subsidiary's Jaguar Land Rover inventory funding facility and is conducted on an arm's length basis.

Value

₹20.00 Cr