Popular Vehicles and Services Limited — Investor Meet, 18-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Popular Vehicles & Services reported Q3 FY26 as its strongest quarter in 1.5 years, driven by improved customer sentiment and broad demand recovery. New vehicle volumes surged 44% YoY to 16,023 units. Total income rose 30.9% YoY to Rs. 1,791.8 Cr, with EBITDA up 68.5% YoY to Rs. 58.2 Cr (3.3% margin). The company posted a PAT of Rs. 0.7 Cr, reversing previous losses. Strategic moves include an Audi dealership and Balkrishna Industries distributorship. Management is optimistic, targeting high double-digit topline growth, 5% EBITDA margin, and PAT approaching FY24 levels for FY27, citing sustained demand and benefits from acquisitions. Inventory levels are optimized, and debt is managed.