Popular Vehicles and Services Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

Popular Vehicles and Services Ltd has announced a board meeting on 29th May 2025 and approved its audited consolidated financial results for Q4 and FY25. The group posted a consolidated loss before tax of ₹8.95 Cr for FY25, down from a profit of ₹97.11 Cr last year, mainly due to higher finance costs of ₹85.57 Cr and increased expenses. Revenue held steady at ₹554.12 Cr. Passenger cars struggled with losses, while luxury and commercial vehicles remained profitable. The company is moving ahead with selling stakes in subsidiaries Kuttukaran Green Pvt Ltd and Vision Motors, with related assets classified as held for sale. Operational cash flows saw a sharp decline.