Popular Vehicles & Services' Q2 FY 2025-26 Quarterly Results

Result Summary

• Popular Vehicles & Services Ltd reported a 16.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 1.1%.
• Its expenses for the quarter were up by 16.2% QoQ and 2.1% YoY.
• The net profit decreased 106.5% QoQ and decreased 92.5% YoY.
• The earnings per share (EPS) of Popular Vehicles & Services Ltd stood at 0.08 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Popular Vehicles & Services Ltd is a company engaged in the automotive sales and services industry. The company primarily focuses on the distribution and servicing of vehicles, which may include a range of products from passenger vehicles to commercial vehicles. As of the date of this report, there is no additional specific information available regarding recent developments or expansions within the company. The industry in which Popular Vehicles & Services Ltd operates is characterized by its sensitivity to economic cycles, consumer demand, and technological advancements.

Revenue

The total income for Popular Vehicles & Services Ltd in Q2FY26 was ₹1534.56 crores, representing a quarter-over-quarter (QoQ) increase of 16.6% from Q1FY26's ₹1315.96 crores. Compared to Q2FY25, there was a year-over-year (YoY) growth of 1.1% from ₹1518.30 crores. This indicates stable revenue generation with a notable increase over the last quarter. The financial data shows that the company has managed to sustain its income levels with slight growth over the previous year while showing significant quarterly improvement.

Profitability

In terms of profitability, Popular Vehicles & Services Ltd reported a Profit Before Tax (PBT) of ₹11.66 crores in Q2FY26, a recovery from a loss of ₹11.11 crores in Q1FY26, marking a QoQ change of -205.0%. However, when compared to Q2FY25, there was a slight decline of 1.7% from ₹11.86 crores. The tax expense for Q2FY26 was ₹11.09 crores, which is significantly higher than both the previous quarter's tax rebate of -₹2.35 crores and the previous year's ₹4.29 crores, showing a YoY increase of 158.5%. Consequently, the Profit After Tax (PAT) for Q2FY26 was ₹0.57 crores, compared to a loss of ₹8.76 crores in Q1FY26 and a profit of ₹7.57 crores in Q2FY25, reflecting a YoY decrease of 92.5%. The Earnings Per Share (EPS) followed a similar trend, recorded at ₹0.08 in Q2FY26, recovering from -₹1.23 in Q1FY26, but down from ₹1.06 in Q2FY25.

Operating Metrics

Operating expenses for Q2FY26 amounted to ₹1538.19 crores, which is a 16.2% increase QoQ from ₹1323.72 crores in Q1FY26 and a 2.1% increase YoY from ₹1506.46 crores in Q2FY25. This data suggests that while the company's expenses have risen, the rate of increase in expenses is slightly higher than the increase in total income on a yearly basis. The notable increase in tax expenses coupled with the rise in operating expenses has impacted the net profitability of the company for the current quarter. The financial performance metrics indicate that the company has managed to increase its revenue significantly on a quarterly basis, though profitability remains constrained by rising costs and a higher tax burden.