Popular Vehicles and Services Ltd
Please find enclosed the copy of press release to be issued on the financial and business performance of the Company for the fourth quarter and year ended 31st March, 2026.
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 26 May 2026, 09:01 PM IST · BSE ID: d6cdb201-7fe6-4f12-bd86-e2fd76c1bfda
View Original BSE Filing (PDF)
💡
In Simple Terms
The car dealership company’s total income grew by 27.8% year-over-year in the fourth quarter of fiscal year 2026.
🤖 AI Summary
- Q4 FY26 consolidated Total Income for Popular Vehicles and Services stood at Rs. 1,758.8 crs, up 27.8% YoY.
- New Vehicles volume increased by 43.5% YoY to 14,885 units in Q4 FY26.
- EBITDA (including other income) for Q4 FY26 was Rs. 57.5 crs, a 93.5% YoY rise.
- Company reported a PAT of -5.0 crs in Q4 FY26 compared to -13.7 crs in Q4 FY25.
- Full year FY26 Total Income reached Rs. 6,401.1 crs, reflecting a 15.1% YoY growth.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q4 FY26 Total Income*
1,758.8 INR Crs
27.8%
Q4 FY26 EBITDA
57.5 INR Crs
93.5%
FY26 Total Income*
6,401.1 INR Crs
15.1%
Q4 FY26 New Vehicles Volume
14,885 Units
43.5%
🏢 How This Affects the Company
The company's revenue base has broadened through strategic acquisitions of BharatBenz, Maruti Suzuki, and Audi dealerships, along with the divestment of Honda and Piaggio businesses. Network expansion in new geographies like Punjab, Telangana, and Andhra Pradesh, and a new BKT distributorship in Keralam and Karnataka, supports diversified growth.
Total Income for Q4 FY26 increased by 27.8% YoY to Rs. 1,758.8 crs, while EBITDA grew by 93.5% YoY to Rs. 57.5 crs, improving margins from 2.2% to 3.3%. The company's bank loan facilities rated by CARE Ratings Limited increased from Rs. 468 Crore to Rs. 643 Crore.
Operational improvements include network expansion with new service centers and Ather touchpoints. Focus on collision repairs and workshop productivity supported PV service revenue resilience despite volume moderation. Expanded operations and new geographies strengthened CV performance.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, which showed a consolidated Net Loss (PAT) of -5.0 crs for Q4 FY26 and -12.5 crs for FY26.
🔍
Management Signal
Management is focused on strategic execution, recovery, network expansion, and diversification into non-Keralam markets and higher-margin revenue streams such as services, repairs, spares, and accessories.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — monitor continued growth in new vehicle volumes and service revenue.
Updates on network expansion — track progress in new geographies and touchpoints.
Integration of recent acquisitions — observe impact on overall financial and operational performance.
MEDIUM RISK
Despite significant revenue and EBITDA growth, the company recorded a net loss for both Q4 and the full FY26.
💡 Investor Takeaway
Popular Vehicles and Services Ltd reported Q4 FY26 Total Income of Rs. 1,758.8 crs, up 27.8% YoY, with EBITDA increasing 93.5% YoY to Rs. 57.5 crs. Full year FY26 Total Income grew 15.1% to Rs. 6,401.1 crs.
⚖️ Strengths & Concerns
✅ Positives
- Q4 FY26 EBITDA saw a substantial 93.5% YoY increase to Rs. 57.5 crs, improving margin to 3.3% from 2.2%.
- New Vehicles volume grew 43.5% YoY to 14,885 units in Q4 FY26, driven by strong growth in CV and EV segments.
⚠️ Concerns
- The company reported a Net Loss (PAT) of -5.0 crs in Q4 FY26 and -12.5 crs for FY26.
- PV (Incl. Luxury) Service volumes declined by 13.5% YoY in Q4 FY26 to 1,80,989 units.
📅 Company Track Record
Popular Vehicles and Services Ltd was incorporated in 1983 and became one of the first Maruti Suzuki dealers. The company was recently listed via an IPO in March 2024. Non-Keralam revenue contribution increased to 47% in FY26 from 28% in FY23.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Popular Vehicles and Services Ltd's Total Income in Q4 FY26?
Popular Vehicles and Services Ltd reported a consolidated Total Income of Rs. 1,758.8 crs for Q4 FY26, a 27.8% increase compared to Rs. 1,376.2 crs in Q4 FY25.
How did Popular Vehicles and Services Ltd's EBITDA perform in Q4 FY26?
The company's EBITDA (including other income) was Rs. 57.5 crs in Q4 FY26, representing a 93.5% increase from Rs. 29.7 crs in Q4 FY25. The EBITDA margin improved to 3.3%.
What were the new vehicle volumes for Popular Vehicles and Services Ltd in Q4 FY26?
New vehicle volumes for Popular Vehicles and Services Ltd stood at 14,885 units in Q4 FY26, which is a 43.5% increase from 10,370 units in Q4 FY25.
What was the Net Loss for Popular Vehicles and Services Ltd for the full year FY26?
For the full year ended 31st March 2026, Popular Vehicles and Services Ltd reported a Net Loss (PAT) of -12.5 crs.
What was the contribution of non-Keralam revenue for Popular Vehicles and Services Ltd in FY26?
The contribution of non-Keralam revenue for Popular Vehicles and Services Ltd increased to approximately 47% in FY26.
Questions based on this BSE filing only. For information purposes.