Popular Vehicles Q2 FY27 Results: EBITDA Jumps 56.8% To ₹77.7 Crore As Consolidated Net Profit Reaches ₹2.2 Crore

Popular Vehicles and Services Limited (PVSL) reported consolidated total income of ₹2,093.8 crore in Q2 FY27, an increase of 36% from the corresponding quarter last year. The unaudited results cover the quarter and half year ended 30 September 2026.

Consolidated net profit rose to ₹2.2 crore from ₹0.6 crore a year earlier. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹77.7 crore, with the margin improving to 3.7%.

The Popular Vehicles share price closed at ₹96.36 on 11 November on the National Stock Exchange (NSE).

Popular Vehicles Q2 FY 27 Results: Key Highlights

New vehicle sales remained the largest contributor to the quarter's business. The company sold 19,052 new vehicles, up 46.4% year on year. Passenger vehicle sales, including luxury vehicles, rose 39.1% to 11,818 units. Commercial vehicle volumes increased 26.9% to 3,549 units, while electric vehicle volumes more than doubled to 3,685 units.

The new vehicle business generated income of ₹1,631 crore, up 42.3%. Passenger vehicles contributed ₹987 crore, commercial vehicles ₹580.8 crore and electric vehicles ₹63.1 crore.

The services and repairs business recorded income of ₹284 crore, an increase of 19.8%. Service volumes grew 8.3% to 2,67,350 units. The pre-owned vehicle business generated ₹108 crore, up 22.5%, while spare parts income increased 2.4% to ₹68 crore.

PVSL H1 FY27 Results

For the first half of the financial year, consolidated total income increased 39.9% to ₹4,002.3 crore from ₹2,860.5 crore. EBITDA rose 70.4% to ₹149.8 crore from ₹87.9 crore.

PVSL reported a consolidated net profit of ₹3.6 crore, compared with a loss of ₹8.2 crore in the first half of the previous financial year.

New vehicle sales volume increased 61.2% to 36,352 units. Income from this business rose 48.4% to ₹3,085 crore. The services and repairs business recorded income of ₹569 crore, up 21.4%, while pre-owned vehicle income increased 15.6% to ₹209 crore. Spare parts income grew 3.1% to ₹133 crore.

The average selling price of new vehicles declined 8% to ₹8,48,519 during H1.

What Did Management Say

Managing Director and Promoter Naveen Philip attributed the quarter's growth to festive demand, while noting that a favourable base also contributed. He said the company saw growth across its business segments and improving activity in after-sales services.

Philip said the acquisitions in Punjab and Telangana had been integrated and were scaling up. He also noted that the company had built up vehicle inventory ahead of the festive season and expected stock levels to normalise gradually after the season.

The company retained its FY27 revenue growth guidance of 20% to 25% over FY26 and said it remained on track to achieve profitability for the full financial year. Management also identified the expansion of acquired operations, Yanik and its BKT tyre distribution business as areas for further growth.

Source

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