Popular Vehicles and Services Ltd (NSE:PVSL)
₹ 98.41 +4.77 (+5.09%) Market Cap: 7.01 Bil Enterprise Value: 20.28 Bil PE Ratio: 0 PB Ratio: 1.12 GF Score: 31/100

Q4 2026 Popular Vehicles and Services Ltd Earnings Call Transcript

May 27, 2026 / 09:30 AM GMT
Release Date Price: ₹99.93 (-7.47%)

Key Points

Positve
  • Popular Vehicles and Services Ltd (NSE:PVSL) has reduced its inventory days from 54 to 44, indicating improved inventory management.
  • The company has received a letter of intent to establish a state-of-the-art facility for Jaguar Land Rover vehicles in Nagpur, Maharashtra, marking expansion beyond southern India.
  • Despite a 5% decline in volume, revenue drop was limited to 2% due to a shift in demand towards higher revenue-generating SUVs and premium vehicles.
  • The company is focusing on expanding its luxury EV segment and geographical presence, which could drive future growth.
  • Popular Vehicles and Services Ltd (NSE:PVSL) is taking strategic measures like divesting underperforming subsidiaries to optimize costs and reallocate resources towards expansion plans.
Negative
  • The company experienced a 4% year-on-year volume decline in Q3 FY25 due to weak demand in the auto industry.
  • Higher inventory levels from March '24 increased the interest burden, negatively impacting profitability.
  • Gross margins dropped by about 2.5% due to higher discounts offered to drive sales.
  • The company's EBITDA decreased by 51.2% year-on-year in Q3 FY25, reflecting operational challenges.
  • The divestment of the Honda and Piaggio businesses indicates underperformance and a need to reallocate resources.


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

POPL.NS - Popular Vehicles and Services Ltd
Q4 2026 Popular Vehicles and Services Ltd Earnings Call
May 27, 2026 / 09:30AM 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 Q3 and 9 months FY25 earnings conference call of Popular Vehicles and Services Limited.

This conference call may contain forward-looking 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 and involve risks 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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