Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Popular Vehicles & Services Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,217.53 | 1,304.88 | 1,628.96 | 1,416.82 | 1,363.71 | 1,291.45 | 1,512.75 | 1,364.67 | 1,372.36 | 1,310.90 | 1,530.38 | 1,785.36 | 1,754.45 |
| Expenses + | 1,168.05 | 1,252.34 | 1,547.55 | 1,355.70 | 1,301.01 | 1,246.47 | 1,459.13 | 1,334.04 | 1,346.54 | 1,277.69 | 1,485.13 | 1,733.56 | 1,701.32 |
| Operating Profit | 49.48 | 52.54 | 81.41 | 61.12 | 62.70 | 44.98 | 53.62 | 30.63 | 25.82 | 33.21 | 45.25 | 51.80 | 53.13 |
| OPM % | 4.06% | 4.03% | 5.00% | 4.31% | 4.60% | 3.48% | 3.54% | 2.24% | 1.88% | 2.53% | 2.96% | 2.90% | 3.03% |
| Other Income + | 2.82 | 6.18 | 9.12 | 9.65 | 8.30 | 6.99 | 5.56 | 3.94 | 3.88 | 5.07 | 19.46 | 4.79 | 4.61 |
| Interest | 17.47 | 19.60 | 26.54 | 27.50 | 22.91 | 19.96 | 22.26 | 22.78 | 20.58 | 22.59 | 25.67 | 27.80 | 27.22 |
| Depreciation | 18.89 | 21.01 | 22.71 | 23.29 | 24.22 | 23.72 | 25.07 | 24.68 | 25.33 | 26.81 | 27.38 | 35.43 | 37.73 |
| Profit before tax | 15.94 | 18.11 | 41.28 | 19.98 | 23.87 | 8.29 | 11.85 | -12.89 | -16.21 | -11.12 | 11.66 | -6.64 | -7.21 |
| Tax % | 33.44% | 20.82% | 21.80% | 20.27% | 15.71% | 34.38% | 36.20% | -24.28% | -15.36% | -21.13% | 95.11% | -110.09% | -31.21% |
| Net Profit + | 10.60 | 14.33 | 32.29 | 15.92 | 20.11 | 5.45 | 7.57 | -9.76 | -13.72 | -8.76 | 0.57 | 0.67 | -4.96 |
| EPS in Rs | 8.45 | 11.42 | 5.15 | 2.54 | 2.82 | 0.77 | 1.06 | -1.37 | -1.93 | -1.23 | 0.08 | 0.09 | -0.70 |
Financials of Popular Vehicles & Services Ltd
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 3,902 | 3,172 | 2,894 | 3,466 | 4,875 | 5,616 | 5,541 | 6,381 |
| Expenses + | 3,770 | 3,064 | 2,742 | 3,303 | 4,653 | 5,357 | 5,383 | 6,198 |
| Operating Profit | 132 | 108 | 152 | 163 | 222 | 259 | 159 | 183 |
| OPM % | 3% | 3% | 5% | 5% | 5% | 5% | 3% | 3% |
| Other Income + | 14 | 35 | 26 | 18 | 17 | 33 | 20 | 34 |
| Interest | 66 | 74 | 58 | 64 | 74 | 102 | 89 | 103 |
| Depreciation | 48 | 61 | 72 | 69 | 79 | 92 | 99 | 127 |
| Profit before tax | 32 | 8 | 47 | 49 | 85 | 98 | -9 | -13 |
| Tax % | 32% | -56% | 31% | 31% | 24% | 22% | 17% | -6% |
| Net Profit + | 21 | 12 | 32 | 34 | 64 | 76 | -10 | -12 |
| EPS in Rs | 17.04 | 9.96 | 25.88 | 26.84 | 51.07 | 10.69 | -1.47 | -1.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 5% | 0% | 0% |
Financials of Popular Vehicles & Services Ltd
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 14 | 14 | 14 |
| Reserves | 185 | 200 | 233 | 267 | 330 | 639 | 625 | 614 |
| Borrowings + | 797 | 645 | 650 | 756 | 938 | 925 | 922 | 1,406 |
| Other Liabilities + | 219 | 276 | 230 | 232 | 229 | 381 | 348 | 350 |
| Total Liabilities | 1,214 | 1,134 | 1,126 | 1,268 | 1,510 | 1,959 | 1,909 | 2,383 |
| Fixed Assets + | 406 | 472 | 464 | 564 | 671 | 733 | 721 | 1,075 |
| CWIP | 28 | 29 | 17 | 12 | 8 | 15 | 9 | 27 |
| Investments | 2 | 11 | 5 | 6 | 6 | 28 | 14 | 19 |
| Other Assets + | 778 | 622 | 640 | 685 | 825 | 1,183 | 1,166 | 1,263 |
| Total Assets | 1,214 | 1,134 | 1,126 | 1,268 | 1,510 | 1,959 | 1,909 | 2,383 |
Financials of Popular Vehicles & Services Ltd
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -47 | 339 | 95 | 70 | 109 | 80 | 151 | |
| Cash from Investing Activity + | -50 | -28 | -7 | -41 | -80 | -88 | -39 | |
| Cash from Financing Activity + | 84 | -299 | -71 | -65 | -24 | 39 | -142 | |
| Net Cash Flow | -13 | 13 | 18 | -37 | 5 | 31 | -30 | |
| Free Cash Flow | -99 | 319 | 79 | 26 | 56 | 8 | 101 | |
| CFO/OP | -20% | 323% | 62% | 52% | 61% | 42% | 108% |
Financials of Popular Vehicles & Services Ltd
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 13 | 20 | 19 | 17 | 19 | 15 | 15 |
| Inventory Days | 39 | 40 | 48 | 46 | 39 | 46 | 45 | 41 |
| Days Payable | 8 | 18 | 10 | 11 | 8 | 12 | 6 | 7 |
| Cash Conversion Cycle | 55 | 34 | 58 | 54 | 48 | 53 | 53 | 49 |
| Working Capital Days | -5 | -11 | 3 | 7 | 4 | 14 | 19 | -2 |
| ROCE % | 6% | 11% | 12% | 13% | 14% | 5% | 4% |
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