Popular Vehicles and Services Limited — Investor Meet, 21-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Popular Vehicles faced headwinds in Q1 FY26, posting a loss of INR 8.8 Cr and a 26.3% YoY drop in EBITDA to INR 38.3 Cr, despite total income rising 1.3% to INR 1,316 Cr. Weak mass-market demand was offset by strong growth in EV and luxury segments. The company is actively expanding with new Bharat Benz, Ather, and Maruti dealerships, diversifying its state-wise revenue. Management sees Q1 as seasonally soft but anticipates a stronger H2, driven by festive season and potential GST impact, affirming confidence in long-term growth.