Board Meeting Details

The meeting of the Board of Directors commenced at 03.30 PM and concluded at 07.00 PM on Tuesday, 26th May, 2026.

Standalone Financial Results (All amounts in Indian Rupees million)

Quarterly Performance:

  • Q4 FY26 (Audited): Revenue from operations Rs 7,355.76; Other income Rs 41.94; Total income Rs 7,397.70; Loss before tax Rs (233.48); Tax credit Rs (65.98); Net loss Rs (167.50)
  • Q4 FY25 (Audited): Revenue from operations Rs 8,793.67; Other income Rs 41.94; Total income Rs 8,835.61; Loss before tax Rs (273.74); Tax credit Rs (43.18); Net loss Rs (230.56)

Annual Performance:

  • FY26 (Audited): Revenue from operations Rs 28,683.52; Loss before exceptional items Rs (695.03); Exceptional items Rs (8.70) [Labour Codes impact] + Rs 11.57 [subsidiary disinvestment gain]; Loss before tax Rs (692.16); Tax credit Rs (180.80); Net loss Rs (511.36)
  • FY25 (Audited): Revenue from operations Rs 26,005.50; Loss before tax Rs (415.25); Tax credit Rs (79.08); Net loss Rs (336.17)

Key Metrics:

  • Basic & Diluted EPS: FY26 (Rs 7.18) vs FY25 (Rs 4.72)
  • Equity share capital: Rs 142.40 million (unchanged)
  • Other equity: Rs 3,909.71 million (FY25: Rs 4,407.62 million)

Exceptional Items

1. Disinvestment gain: Rs 11.57 million from sale of Kuttukaran Green Private Limited completed on 31 August 2025 for consideration of Rs 20 million

2. Labour Codes impact: Rs 8.70 million charge due to statutory impact of new Labour Codes notified on 21 November 2025 (Rs 6.24 million gratuity impact + Rs 2.46 million long-term compensated absences impact)

Business Acquisitions

Acquisition 1 (R K S Motor Private Limited)

  • Date: Business taken over w.e.f 15 October 2025
  • Nature: Maruti Suzuki India Limited dealership via slump sale
  • Consideration: Rs 930 million (payable in tranches) + Rs 50.02 million for inventories
  • Assets acquired: Property, Plant and Equipment Rs 915.13 million + Inventories Rs 50.02 million
  • Goodwill: Rs 14.87 million
  • Outstanding: Rs 279 million as at 31 March 2026 (fully settled by 30 April 2026)

Acquisition 2 (Globe CV Private Limited)

  • Entity: Prabal Motors Private Limited (subsidiary) acquired business
  • Date: Effective 19 August 2025
  • Nature: Bharat Benz Trucks dealership
  • Consideration: Rs 120 million + inventory acquisition
  • Assets acquired: Property, Plant and Equipment Rs 117.65 million + Inventories Rs 224.61 million
  • Goodwill: Rs 2.35 million

Acquisition 3 (Olympus Motors Private Limited)

  • Entity: Imperion Cars Private Limited (subsidiary) acquired business
  • Date: Effective 1 January 2026
  • Nature: Audi India/Volkswagen dealership in Telangana and Andhra Pradesh
  • Consideration: Rs 97.48 million payable in tranches
  • Assets acquired: Property, Plant and Equipment Rs 97.48 million + Inventories Rs 28.24 million
  • Outstanding: Rs 11.75 million as at 31 March 2026 (Rs 9.19 million settled by 30 April 2026)

Subsidiary Disinvestment

  • Kuttukaran Green Private Limited: Disinvestment completed on 31 August 2025 for Rs 20 million consideration, resulting in Rs 11.57 million gain
  • Vision Motors Private Limited: Disinvestment completed on 25 August 2025 for Rs 680 million consideration

Standalone Balance Sheet (as at 31 March 2026)

  • Total assets: Rs 14,850.09 million
  • Non-current assets: Rs 10,112.06 million
  • Current assets: Rs 4,738.03 million
  • Total equity: Rs 4,052.11 million
  • Non-current liabilities: Rs 4,839.37 million
  • Current liabilities: Rs 5,958.61 million

Standalone Cash Flows (FY26)

  • Net cash from operating activities: Rs 932.82 million
  • Net cash used in investing activities: Rs (971.16) million
  • Net cash from financing activities: Rs 354.96 million
  • Net increase in cash: Rs 316.62 million

Consolidated Financial Results

  • FY26 Consolidated net loss: Not quantified in disclosure but referenced in auditor's report
  • Includes results of 11 entities: Popular Vehicles and Services Limited (Parent), Popular Mega Motors (India) Private Limited, Popular Autoworks Private Limited, Vision Motors Private Limited (up to 25 August 2025), Kuttukaran Cars Private Limited, Popular Auto Dealers Private Limited, Kuttukaran Green Private Limited (up to 31 August 2025), Keracon Equipments Private Limited, Prabal Motors Private Limited, Imperion Cars Private Limited (w.e.f 28 November 2025), Zparex Digisolutions Private Limited (w.e.f 10 November 2025)