Popular Vehicles and Services Ltd (NSE:PVSL)

Q2 2026 Popular Vehicles and Services Ltd Earnings Call Transcript

Nov 11, 2025 / 05:30 AM GMT

Release Date Price: ₹147.09 (+0.14%)

Transcript

Key Points

Positve

Popular Vehicles and Services Ltd (NSE:PVSL) managed to improve operating margins and reduce losses through effective cost control measures.
The company received a Letter of Intent (LOI) to establish 8 state-of-the-art facilities in Punjab, marking a significant expansion in North India.
The luxury car segment showed robust growth, reflecting positive consumer sentiment in premium categories.
The EV two-wheeler segment recorded strong year-on-year growth, indicating rising consumer adoption and a structural shift towards electrification.
Pre-owned vehicle sales saw a positive development with increased volumes and realizations, indicating synergies between new and pre-owned car sales.

Negative

The overall demand momentum remained weak in Q1, with both volumes and revenues declining.
The company reported a loss of 8.8 crores compared to a profit in the previous year, despite efforts to lower losses.
The passenger vehicle segment saw a revenue decrease of 1.3% year-on-year.
The company faces uncertainties due to potential GST changes, which could impact future margins and consumer behavior.
The blended cost of debt remains high, although efforts are being made to reduce it in the coming quarters.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

POPL.NS - Popular Vehicles and Services Ltd
Q2 2026 Popular Vehicles and Services Ltd Earnings Call
Nov 12, 2025 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Popular Vehicles and Services Limited Q1 F 26 earnings conference call.

This conference call may contain forwardlooking statements about the company which are based on the beliefs, opinions, and expectation of the company as on date of this call.

These statements are not the guarantees of future performance of the company, and it may involve risk and uncertainties that are difficult to predict.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an

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