Quarterly Result16 Aug 2025, 12:21 pm
Popular Vehicles & Services Q1FY26 Results: Revenue up 1.3% YoY, EBITDA at 2.9%
AI Summary
Popular Vehicles & Services Limited (PVSL) has reported its unaudited financial results for the quarter ended 30 June 2025. Total Income stood at Rs. 1,316 crs, up 1.3% on Y-o-Y basis. EBITDA (incl. other income) stood at Rs. 38.3 crs with margins at 2.9%. PBT stood at Rs. -11.1 crs. Service revenue grew 4.5% YoY and 9.6% QoQ. The PV segment, excluding luxury, continues to be impacted by the slowdown. The EV segment, particularly 2-wheeler EVs, saw strong momentum. EBITDA margins improved to 2.9% in Q1FY26 from 2.2% in Q4FY25. Despite weaker volumes and revenue, the company was able to lower losses compared to Q4FY25.
Key Highlights
- Total Income stood at Rs. 1,316 crs, up 1.3% on Y-o-Y basis
- EBITDA (incl. other income) stood at Rs. 38.3 crs with margins at 2.9%
- Service revenue grew 4.5% YoY and 9.6% QoQ
- 2-wheeler EVs saw strong momentum, with both volumes and revenue doubling YoY
- Despite weaker volumes and revenue, the company was able to lower losses compared to Q4FY25