Popular Vehicles and Services Limited — Q1FY27 earnings call summary

Filed 19 August 2026 · Official transcript

Demand outlook positive for festive season; supply constraints in EV and luxury segments
Acquisitions scaling; EBITDA positive; PAT profitability expected from Q2 FY27
FY27 revenue guidance 20-25% growth to ~INR8,200 Cr; blended EBITDA margin ~4%
Q1 FY27 revenue grew 44% y-y to INR1,890 Cr; vehicle volumes +81%, service volumes +1%
EBITDA rose 87% y-y to INR71.5 Cr; margin improved to 3.8% from 2.9%
Multiple analyst queries on margin trajectory and acquisitions; mgmt expects steady margin improvement
Organic revenue +33%, PV volumes +58%, EV volumes +57%, CV volumes +34% y-y
Inventory days at 32, improved working capital; debt higher due to acquisitions