Popular Vehicles and Services Limited reported total income of Rs 55.62 billion for the financial year ending March 2025, reflecting a 1.5 per cent decline year-on-year. EBITDA stood at Rs 1.75 billion with a margin of 3.2 per cent, down from 5.1 per cent last year. The company reported a pre-tax loss of Rs 89 million and a net loss of Rs 105 million for the year.

New vehicle volumes declined 5.5 per cent to 44,087 units, while service income rose by 3.3 per cent to Rs 8.94 billion. The company also saw marginal growth in pre-owned and electric vehicle segments.

Strategic developments included divesting two subsidiaries for Rs 700 million and expanding Ather and Maruti Suzuki India Limited (MSIL) operations across Maharashtra, Kerala, Tamil Nadu, and Karnataka. Notable milestones include launching India's first gold-category Ather service centre in Thiruvananthapuram and establishing a state-of-the-art MSIL facility in Bengaluru.

Despite a challenging year marked by weak demand and rising costs, Popular Vehicles reaffirmed its focus on electric mobility, service expansion, and premium vehicle growth to drive long-term value.

Source:Popular Vehicles and Services Limited Press Release dated