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Popular Vehicles and Services Limited Q3 FY26 results deck summary

NSE: PVSL · BSE: 544144

Results deck of 10 Feb 2026, summarised by AI from the filing.

Q3 FY26 revenue ₹1,785.4 cr (+30.8% YoY) with EBITDA ₹58.2 cr (+68.5%); management expects EBITDA margins to normalize to ~5%.

Key takeaways

  1. Margin guidance Management expects EBITDA margins to normalize to the ~5% range.
  2. Volume recovery Entry-level PV volumes grew over ~35% YoY and CV volumes over ~52% YoY in Q3 FY26 after GST reforms.
  3. Growth driver Improving demand trends, network expansion, lower discounting and upcoming OEM model launches support volume growth momentum.
  4. Main risk Acquisitions and organic network expansion will have a near-term impact on cost structure and may weigh on margins.

Original filing on BSE

Popular Vehicles and Services Limited Q1 FY27 results

As filed: Revenue ₹1,890 cr (+44% year on year), EBITDA ₹57.9 cr (+70% year on year), PAT ₹1.4 cr, EBITDA margin 3.1% (+47 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,754 cr (+28% year on year), EBITDA ₹53.1 cr (+104% year on year), PAT −₹5.0 cr, EBITDA margin 3.0% (+113 bps). Score 45 of 100, In line with trend. Revenue and EBITDA growth were well above the company's own trend. EBITDA margin rose 113 bps year on year. Profit fell 840% from last quarter. Share price after the results: −14.1% in 30 days (Nifty 500: +0.9%).
  • Q3 FY26: Revenue ₹1,785 cr (+31% year on year), EBITDA ₹51.8 cr (+67% year on year), PAT ₹0.7 cr, EBITDA margin 2.9% (+63 bps). Score 45 of 100, In line with trend. Revenue and EBITDA growth were well above the company's own trend. EBITDA margin rose 63 bps year on year. Share price after the results: −25.3% in 30 days (Nifty 500: −7.8%).
  • Q2 FY26: Revenue ₹1,530 cr (+1% year on year), EBITDA ₹46.0 cr (−13% year on year), PAT ₹1.0 cr (−125% year on year), EBITDA margin 3.0% (−50 bps). Score 9 of 100, Below trend. EBITDA margin fell 50 bps year on year. Other income 33% of PBT. Tax rate 92%. Not enough history for a trend yet: scored on growth alone. Share price after the results: −13.0% in 30 days (Nifty 500: −0.8%).
  • Q1 FY26: Revenue ₹1,311 cr (+2% year on year), EBITDA ₹34.0 cr (−24% year on year), PAT −₹9.0 cr (−280% year on year), EBITDA margin 2.6% (−89 bps). Score 18 of 100, Below trend. EBITDA margin fell 89 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 4% from last quarter. Share price after the results: +20.3% in 29 days (Nifty 500: +2.2%).
  • Q4 FY25: Revenue ₹1,372 cr (+1% year on year), EBITDA ₹26.0 cr (−59% year on year), PAT −₹14.0 cr (−170% year on year), EBITDA margin 1.9% (−272 bps). Score 11 of 100, Below trend. EBITDA margin fell 272 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +6.6% in 29 days (Nifty 500: +3.3%).
  • Q3 FY25: Revenue ₹1,365 cr (−4% year on year), EBITDA ₹31.0 cr (−49% year on year), PAT −₹10.0 cr (−163% year on year), EBITDA margin 2.3% (−203 bps). Score 10 of 100, Below trend. EBITDA margin fell 203 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 10% from last quarter.
  • Q2 FY25: Revenue ₹1,513 cr, EBITDA ₹53.0 cr, PAT ₹8.0 cr, EBITDA margin 3.5%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹1,513 cr). Scored once a year-earlier consolidated quarter exists.

Past price moves after results do not indicate future moves. Not a recommendation.

Popular Vehicles and Services Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.