BSECompany Update11 Aug 2026 · 11 Aug 2026, 09:34 pm
In continuation of the intimation dated 07th August, 2026 regarding the scheduled investor call, we enclose herewith a copy of the investor presentation on the Un-Audited Financial Results ....
Popular Vehicles and Services Ltd · 544144
✦ AI Summary▲ PositiveResults
Popular Vehicles and Services Ltd has announced its un-audited financial results for Q1 FY27, with a strong start to the year driven by broad-based growth across its new vehicle business, particularly in the entry-level segment, and a healthy combination of organic and inorganic growth.
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Growth Catalyst9/10
Governance Concern1/10
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Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Popular Vehicles and Services Ltd - 544144 - Announcement under Regulation 30 (LODR)-Investor Presentation
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Popular Vehicles and Services Ltd
Kuttukaran Centre
Mamangalam, Kochi 682025
t 0484 2341134
e cs@popularv.com
www.popularvehicles.in
CIN L50102KL1983PLC003741
Ref: PVSL/SEC/45/2026-27
KERALA – GSTIN 32AABCP3805G1ZW
TAMIL NADU- GSTIN 33AABCP3805G1ZU
Date: 11th August, 2026
KARNATAKA - GSTIN 29AABCP3805G1ZJ
TELANGANA - GSTIN 36AABCP3805G1ZO
To, To,
BSE Limited (“BSE”), National Stock Ex change of India Limited
Corporate Relationship Department, (“NSE”),
2nd Floor, New Trading Ring, Exchange Plaza, Pl ot No. C-1, Block G,
P.J. Towers, Dalal Street, Bandra Kurla Com plex, Bandra (East),
Mumbai – 400 001. Mumbai – 400 051.
Scrip Code: 544144 NSE Code: PVSL
ISIN: INE772T01024 ISIN: INE772T01024
Dear Sir/Madam,
Subject: Investor/Analyst Presentation - Compliance under Regulation 30 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
In continuation to our intimation dated 07th August, 2026 regarding scheduled investor call and
pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we enclose herewith a copy of the investor presentation on the Un-Audited
Financial Results of the Company for the quarter ended 30th June, 2026.
The Presentation is also available on the website of the company at www.popularvehicles.in
Kindly take the same into your records.
Thanking you,
Yours faithfully,
For Popular Vehicles and Services Limited
Varun T.V.
Company Secretary & Compliance Officer
Membership No: A22044
Place: Kochi
www.kuttukaran.in
Popular Vehicles and Services Limited
Q1 FY27 – Investor Presentation
August 2026
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Popular Vehicles and Services Limited (the “Company”),
have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the
Company will be made except by means of a statutory offeringdocument containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no
representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and
reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may
consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation contains
certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks
and uncertainties and the actual results could materially differfromthose in such forward-lookingstatements.
The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our
ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled
professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations,
interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these
forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of
the Company.
Table of Contents
Sr. No. Contents Page No.
1 Management Commentary 05
2 Result Highlights 06
3 Business Highlights 08
4 Financial Performance 09
5 Business Overview 10
6 Strategic Growth Priorities 18
7 Historical Performance 23
Quarterly
Business
Update
Management Commentary
Commenting on the performance, Mr. Naveen Philip, Promoter & Managing Director said,
“We have delivered a strong start to FY27, with broad-based growth across our new vehicle business. Improving customer sentiment, supported by
the GST reforms announced in September 2025, particularly in the entry-level segment, continued to drive demand during the quarter. Importantly,
our performance was driven by a healthy combination of both organic and inorganic growth, demonstrating the strength of our existing network
alongside the successful integration of the acquisitions completed during FY26. As indicated earlier, we have also achieved an important
diversification milestone, with the revenue contribution from Keralam declining to below 50% in Q1FY27. We will continue to focus on maintaining a
well-diversified geographic revenue mix going forward.
Passenger vehicle (excluding luxury) sales grew by over 80% year-on-year, with approximately 70% of the growth being organic volumes. The
momentum remained healthy sequentially as well, led by continued strength in the Nexa portfolio, while Arena also returned to growth. Luxury
vehicle sales increased approximately 39% year-on-year, primarily driven by the addition of the Audi business, and recorded a sequential growth of
Mr. Naveen Philip 8%. Commercial vehicle sales grew 41% year-on-year, reflecting a strong start to the year despite a marginal sequential decline. Our EV business
continued its strong trajectory, with volumes increasing 153% year-on-year and growing 8% sequentially on an already high Q4 base, underscoring
Promoter and MD
strong customer acceptance.
In after-sales business, service volumes recorded marginal year-on-year growth. The acquired dealerships continue to witness a gradual recovery in
service throughput from the subdued levels at the time of acquisition, and we expect these operations to normalize progressively over the coming
quarters.
Operational discipline remains a key focus. Despite continued network expansion, new vehicle inventory days reduced significantly to around 32
days from approximately 50 days a year ago, remaining broadly in line with industry benchmarks. Absolute inventory increased by around 14%
year-on-year, substantially lower than revenue growth, reflecting prudent inventory management. As part of our festive season preparedness and
on the back of new model launches by OEM, inventory levels increased sequentially during the quarter. Encouraging pre-festive enquiries and
customer footfalls across all vehicle segments reinforce our confidence heading into the festive season.
We remain equally focused on maintaining financial discipline. Higher debt levels compared to last year primarily reflect investments towards
strategic acquisitions and network expansion. While acquisition-related Ind AS accounting adjustments continued to weigh on reported profitability,
the operating performance of the acquired businesses has improved steadily and continue to improve as integration progresses. We remain
confident that these investments will enhance our market position and create sustainable long-term value for our stakeholders.”
Result Highlights - New Vehicles
Y-o-Y Q-o-Q
Volumes (In Units) Total Income* (INR Crs) Volumes (In Units) Total Income* (INR Crs)
+83% +73% +29% +28%
10,475 836 10,475 836
• Q1 witnessed strong volume growth across segments, 8,090 653
5,736 483 supported by improved demand, new geographies,
P acquisitions and healthy organic growth.
• Revenue growth remained healthy, though lower than
Q1FY26 Q1FY27 Q1FY26 Q1FY27 volume growth, reflecting product mix and realisations. Q4FY26 Q1FY27 Q4FY26 Q1FY27
The YoY comparison also reflects the impact of the GST
rate reductions implemented in September 2025.
+41% +33%
-6% -12%
3,495 564 3,716 645
3,495
2,478 425
• Q1 sustained healthy sequential momentum in PV and
Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q4FY26 Q
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