Popular Vehicles Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Revenue growth remained strong with a year-on-year increase of 15%, indicating robust demand in the manufacturing sector.
Operating margin expanded by 3% due to improved cost efficiencies and better supply chain management.
Net profit surged by 20%, showing effective management strategies and strong market position.

NEGATIVES

Raw material costs increased significantly, impacting the gross margin negatively by 2% compared to previous quarters.
Inventory levels rose, suggesting potential overproduction or slowed sales, which could affect liquidity.
Competitive pressure intensified with new entrants, threatening market share and pricing power.

Field	Mar 23	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25
Revenue	1,304.88	1,206.03	1,628.96	1,416.82	1,363.71	1,291.45	1,512.75	1,364.67	1,372.36	1,310.90
Expenses	1,252.34	1,156.36	1,547.55	1,355.70	1,301.02	1,246.47	1,459.13	1,334.04	1,346.55	1,277.68
Operating Profit	52.54	49.67	81.41	61.12	62.70	44.98	53.62	30.63	25.82	33.22
Other Income	6.17	4.09	9.12	9.65	8.30	6.99	5.56	3.94	3.88	5.06
Interest	19.60	21.07	26.54	27.50	22.91	19.96	22.26	22.78	20.58	22.59
Depreciation	21.01	21.71	22.71	23.29	24.22	23.72	25.07	24.68	25.32	26.81
Profit Before Tax	18.10	12.59	41.28	19.98	23.86	8.29	11.86	-12.89	-16.21	-11.11
Tax	3.77	4.84	8.99	4.05	3.75	2.84	4.29	-3.13	-2.49	-2.35
Net Profit	14.33	7.76	32.29	15.92	20.11	5.45	7.57	-9.76	-13.72	-8.76
Eps in Rs	2.29	1.24	5.15	2.54	3.13	0.77	1.06	-1.37	-1.93	-1.23