| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 1.4K | 9.8% |
| Total Income | 1.4K | 9.9% |
| Expenditure | 1.4K | 8.3% |
| PBT | -12.89 | 208.7% |
| Net Profit | -9.76 | 229.0% |
| OPM | -4.71% | 2.00pp |
| NPM | -0.71% | 1.21pp |
| EPS | -1.37 | 229.3% |
Popular Vehicles & Services Ltd Reports Q3FY25 Loss Despite 2% Revenue Drop
13 Feb 2025 · 13 Feb 2025, 02:38 am
Summary
Popular Vehicles & Services Ltd reported a 2.1% Y-o-Y revenue decline in Q3FY25 due to a 4% YoY volume decline. The company managed to limit the revenue drop due to a shift in demand towards SUVs and luxury vehicles. However, elevated inventory levels and increased interest burden resulted in a loss for the quarter. The company is committed to expanding its footprint and diversifying revenue beyond Kerala.
Key Highlights
- 1
Revenue down 2.1% Y-o-Y, despite a 4% YoY volume decline in Q3FY25
- 2
Shift in demand towards SUVs and luxury vehicles contributing significantly to revenue realization
- 3
Elevated inventory levels increased interest burden, resulting in a loss for the quarter
- 4
Strategic measures for cost optimization taken
- 5
Commitment to expanding footprint and diversifying revenue beyond Kerala
Management Comments
Mr. Naveen Philip
Promoter and MD, Popular Vehicles and Services Limited
The entire Consumer industry including auto continues to remain subdued due to various uncertainties in the ecosystem... We remain committed to further strengthen our luxury offerings and commitment to the 2- Wheeler EV segment, expanding our footprint and diversifying revenue beyond Kerala... While short-term demand challenges persist, we anticipate improved performance from FY26 onward.
Informational and educational content only. Not investment advice.