Popular Vehicles and Services Limited — PPTs, 11-11-2025: Investor Presentation

Popular Vehicles and Services saw Q2FY26 revenue climb 1.1% YoY to 1,534.6 Cr, with H1 revenue at 2,850.5 Cr. However, Q2 Profit After Tax plunged to 0.6 Cr (down 92.5% YoY), and H1 registered a PAT loss of 8.2 Cr. Passenger Vehicle sales (ex-luxury) dipped as customers delayed purchases due to GST rate cut discussions, though luxury segments remained robust. Commercial Vehicle and EV volumes showed strong growth. An exceptional gain of 15.3 Cr from divesting Honda and Piaggio businesses cushioned the bottom line.

The company is strategically expanding, completing acquisitions of BharatBenz (Punjab) and Maruti Suzuki (Telangana) dealerships this quarter. It also launched an e-commerce platform for spare parts. Management expects a strong Q3 rebound as deferred purchases come through, citing renewed interest in Arena models and solid demand for premium hatchbacks and SUVs. The outlook for FY26 is positive, banking on recent acquisitions, network expansion, and an improving economic landscape. Efforts continue to diversify revenue, boost high-margin services & spare parts, and deepen market penetration through organic and digital growth.