Popular Vehicles and Services Limited — Investor Meet, 16-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Popular Vehicles reported Q1 FY26 financial results with total income up 1.3% YoY to Rs 1,316 Cr, though down QoQ. EBITDA was Rs 38.3 Cr (down 26.3% YoY but up 28.9% QoQ), with margins at 2.9%. The company posted a net loss of Rs 8.8 Cr, an improvement from Q4 FY25. Management highlighted strong performance in luxury and EV portfolios, with 2-wheeler EV volumes doubling YoY. Despite a subdued PV market, cost control improved operating margins. Strategic expansion includes new BharatBenz facilities in Punjab and Ather facilities in Bangalore and Chennai. The company is focused on footprint expansion and high-growth opportunities for future resilience.