Quarterly Result11 Aug 2026, 09:11 pm
Popular Vehicles Q1FY27: Total Income ₹1,903 Crs, Up 44.6% YoY
AI Summary
Popular Vehicles & Services Limited (PVSL) reported unaudited financial results for Q1FY27, ending June 30, 2026. The company saw a significant 81.5% year-on-year (YoY) increase in new vehicle volumes to 17,300 units and a 44.6% YoY rise in total income to ₹1,903.1 Crs. EBITDA stood at ₹71.5 Crs with margins at 3.8%. Growth was driven by strong performance across new vehicle segments, supported by improved demand, acquisitions, and network expansion. Service volumes for PV moderated YoY but grew sequentially, while CV and EV services showed strong YoY growth. The company also highlighted revenue contributions from recent acquisitions and network expansion initiatives.
Key Highlights
- New vehicle volumes surged 81.5% YoY to 17,300 units in Q1FY27.
- Total income increased 44.6% YoY to ₹1,903.1 Crs.
- EBITDA reported at ₹71.5 Crs with 3.8% margins.
- Acquisitions and network expansion contributed significantly to growth.
- State-wise revenue shows Keralam as the largest contributor at 49%.
Price Impact
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