PVSL Popular Vehicles and Services Q4 FY26 results (Jan–Mar 2026) and concall
Popular Vehicles reported a strong recovery in FY26 with a 15.1% YoY increase in total income to ₹6,401.1 crores, driven by strategic acquisitions and geographic expansion. Despite reporting losses for the year, adjusted EBITDA grew 28% YoY. The company is targeting high double-digit top line growth and a consolidated EBITDA margin of 4.8-5% for FY27, with sustainable profitability expected from Q2 FY27, while actively managing inventory and debt levels.
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What they filed
Q4 FY26: revenue up 24.2%, net profit up 27.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 763 | 645 | 588 | 536 | 707 −7% | 875 +36% | 730 +24% |
| EBITDA | 22 | 4 | -5 | 4 | 17 −22% | 23 +436% | 13 +370% |
| Net profit | 3 | -13 | -23 | -15 | -7 −316% | -12 +8% | -17 +27% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
