Popular Vehicles & Services Ltd's Q3FY25 Quarterly Results

Result Summary

• Popular Vehicles & Services Ltd reported a 9.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 4.1%.
• Its expenses for the quarter were down by 8.4% QoQ and 2.0% YoY.
• The net profit decreased 228.9% QoQ and decreased 161.3% YoY.
• The earnings per share (EPS) of Popular Vehicles & Services Ltd declined at 1.4 during Q3FY25.

Financial Statments for Q3FY25

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 sector, primarily focusing on the sale and servicing of vehicles. The company operates within the automotive industry, which is characterized by rapid technological advancements, regulatory changes, and fluctuating consumer demands. As of the latest updates available, there are no specific recent major developments noted about Popular Vehicles & Services Ltd. However, companies in this industry generally experience impacts related to global supply chain dynamics, shifts towards electric vehicles, and changes in consumer preferences.

Revenue

For the third quarter of the fiscal year 2025 (Q3FY25), Popular Vehicles & Services Ltd reported a total income of ₹1368.61 crores. This represents a 9.9% decrease from the ₹1518.30 crores reported in the second quarter of the fiscal year 2025 (Q2FY25) and a 4.1% decrease from the ₹1426.46 crores reported in the third quarter of the fiscal year 2024 (Q3FY24). The sequential and annual decreases in revenue reflect the challenges faced by the company in maintaining its income levels compared to both the previous quarter and the same period last year.

Profitability

In Q3FY25, the company experienced a shift in profitability metrics. The Profit Before Tax (PBT) stood at a negative ₹12.89 crores, contrasting sharply with the positive ₹11.86 crores in Q2FY25 and ₹19.98 crores in Q3FY24. The Profit After Tax (PAT) was also negative at ₹9.76 crores, down from a positive ₹7.57 crores in the preceding quarter and ₹15.92 crores in the same quarter of the previous year. These figures indicate a quarter-over-quarter decline of 208.7% in PBT and 228.9% in PAT, with year-over-year declines of 164.5% and 161.3%, respectively. The Earnings Per Share (EPS) also reflected these declines, registering at a negative ₹1.40 compared to positive values in prior periods.

Operating Metrics

Total expenses for Q3FY25 were ₹1380.58 crores, which marked an 8.4% reduction from ₹1506.46 crores in Q2FY25 and a 2.0% decrease from ₹1408.17 crores in Q3FY24. Despite the reduction in expenses, the decrease in total income led to a decline in profitability. The tax expense recorded was a negative ₹3.13 crores, indicating a reversal compared to the ₹4.29 crores and ₹4.05 crores tax expenses in Q2FY25 and Q3FY24, respectively. The changes in tax expenses accompanied the overall shifts in profitability metrics during the quarter.