| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.8K | 16.7% | 30.8% |
| Total Income | 1.8K | 16.8% | 30.9% |
| Expenditure | 1.8K | 16.8% | 30.1% |
| PBT | -6.64 | 156.9% | 48.5% |
| Net Profit | 0.67 | 17.7% | 106.9% |
| OPM | 2.81% | 1.15pp | 7.52pp |
| NPM | 0.04% | 0.00pp | 0.75pp |
| EPS | 0.09 | 12.5% | 106.6% |
Popular Vehicles & Services Q3FY26: New Vehicles Volume Up 44%, Total Income at Rs. 1,791.8 crs
10 Feb 2026 · 10 Feb, 7:13 pm
Summary
Popular Vehicles & Services Limited (PVSL) has reported its unaudited financial results for the quarter & nine months ended 31st December 2025. The company saw a strong improvement in demand, particularly in the entry-level segment, supported by GST reforms. The growth in volumes was supported by improving demand environment and addition & integration of Punjab operations.
Key Highlights
- 1
New Vehicles volume stood at 16,023 units; up 44% on Y-o-Y basis
- 2
Total Income stood at Rs. 1,791.8 crs; up 31% on Y-o-Y basis
- 3
Adjusted EBITDA (incl. other income) stood at Rs. 61.7 crs with margins at 3.4%
- 4
Started operations at new touchpoints: Tata Motors CV Sales Outlet at Manathavady, Kerala, and Ather - 3 sales outlet and 1 service centre in Bangalore, Karnataka
- 5
Acquired the Audi Dealership business of Olympus Motors Private Limited via Asset Purchase Agreement on 31st December 2025
- 6
Entered into an agreement to be the authorized distributor for Balkrishna Industries Limited (BKT) in the states of Kerala and Karnataka
Management Comments
Mr. Naveen Philip
Promoter & Managing Director
Q3 emerged as the strongest performing quarter after nearly one and a half years of muted performance. Customer sentiment improved meaningfully following GST reforms, leading to a sharp recovery in volume demand across segments... We remain well positioned to sustain volume growth momentum and deliver improved performance in the coming quarters.
Informational and educational content only. Not investment advice.