Popular Vehicles and Services Limited — Investor Meet, 11-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Popular Vehicles Q2FY26: Revenue from Operations up 16.7% QoQ to ₹1,530.4 Cr. EBITDA +29.1% QoQ at ₹49.4 Cr (3.2% margin). PAT at ₹0.6 Cr, boosted by ₹15.3 Cr exceptional gain from divestments. Management noted Q2 volumes were the best in 6-8 quarters, expecting stronger Q3 post GST deferrals. Key acquisitions (BharatBenz Punjab, Maruti Telangana) and e-commerce launch signal growth. Focus on high-margin service/parts. Bullish FY26 outlook.