Popular Vehicles & Services Q2 FY27: revenue up 36.5% to ₹2,089 Cr, net profit up 266.7% to ₹2 Cr
Results · 11 Nov 2026 · Popular Vehicles & Services (PVSL)
| Q2 FY27 | ₹ Cr | YoY |
|---|---|---|
| Revenue | 2,089 | +36.5% |
| Operating profit | 73 | +61.1% |
| Net profit | 2 | +266.7% |
Popular Vehicles and Services reported Q2FY27 consolidated results for the quarter ended 30 September 2026: total income (incl. other income) rose 36% YoY to Rs 2,093.8 crore, EBITDA rose 56.8% YoY to Rs 77.7 crore at a 3.7% margin, and PAT rose to Rs 2.2 crore from Rs 0.6 crore.
New vehicle volumes rose 46.4% YoY to 19,052 units and H1 PAT turned positive at Rs 3.6 crore against a year-ago loss of Rs 8.2 crore, with FY27 revenue growth guidance of 20-25% reaffirmed.
Operating margin was 3.5%, up 0.5 pp on a year earlier and up 0.4 pp on the quarter before.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.