PVSL2023-10-012023-12-31 PVSL2023-10-012023-12-31 PVSL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member PVSL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member PVSL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses03Member PVSL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses04Member PVSL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses05Member PVSL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses06Member PVSL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses07Member PVSL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses08Member PVSL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses09Member PVSL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses10Member PVSL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member PVSL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member PVSL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses03Member PVSL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses04Member PVSL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses05Member PVSL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses06Member PVSL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses07Member PVSL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses08Member PVSL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses09Member PVSL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses10Member PVSL2023-12-31 PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue03Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue04Member PVSL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member PVSL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member PVSL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue03Member PVSL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue04Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults03Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults04Member PVSL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member PVSL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member PVSL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults03Member PVSL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults04Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets03Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets04Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member PVSL2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member PVSL2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member PVSL2023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member PVSL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities04Member PVSL2023-12-31in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544144 PVSL NA Popular Vehicles and Services Limited Equity 2023-04-01 2024-03-31 2024-04-08 2024-04-02 INR Millions Third quarter 12:20:00 13:40:00 2024-04-08 2024-04-08 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Consolidated 14168176000.00 96459000.00 14264635000.00 0.00 10472386000.00 1592451000.00 895821000.00 275021000.00 232891000.00 596309000.00 14064879000.00 199756000.00 0.00 199756000.00 57030000.00 -16504000.00 40526000.00 0.00 159230000.00 0.00 0.00 0.00 0.00 159230000.00 6726000.00 165956000.00 159228000.00 0.00 6726000.00 0.00 125440000.00 2 2.54 2.54 0.00 0.00 2.54 2.54 1)Consolidated financial results ( CFS ) cover the operations of Popular Vehicles and Services Limited ( PVSL ),its subsidiaries Popular Mega Motors (India) Private Limited,Vision Motors Private Limited, Popular Autoworks Private Limited,Popular Auto Dealers Private Limited,Kuttukaran Cars Private Limited,Kuttukaran Green Private Limited,Keracon Equipments Private Limited(w.e.f 01 Feb 2023), Prabal Motors Private Limited(w.e.f 01 Feb 2023). The parent and its subsidiaries collectively referred to as ( the Group ).2)The above unaudited CFS of PVSL has been prepared in accordance with and comply in all material aspects with the Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2023 read with relevant rules issued there under and in terms of Regulation 33 of SEBI(LODR) Regulations,2015 (Listing Regulation), as amended.3)The above unaudited CFS have been reviewed and recommended by Audit Committee at its meeting held on 08 Apr 2024. The Board of Directors( BOD ) at their meeting held on 08 Apr 2024 have approved the above results and taken them on record. The statutory auditors of PVSL have expressed an unmodified review conclusion on the unaudited CFS for the quarter and nine months ended 31 Dec 2023.4)The figures for the quarters ended 30 Sept 2023 and 31 Dec 2022 and the corresponding period from 1 Apr 2022 to 31 Dec 2022 as reported in these unaudited CFS have been approved by PVSL's BOD, but have not been subjected to review by the Statutory Auditors since the requirement of submission of quarterly CFS is applicable on listing of equity shares of PVSL during the quarter ended 31 Mar 2024.5)Subsequent to 31 Dec 2023, PVSL had completed initial public offering (IPO) of Rs.6,015.54 mn (including fresh issue of Rs.2,500 mn) comprising of :(i) 84,53,803 equity shares of Rs.2 each at an issue price of Rs.295 per share (including a share premium of Rs.293 per share) towards fresh issue of equity shares (ii) 1,19,17,075 equity shares of Rs.2 each at an issue price of Rs.295 per share (including a share premium of Rs.293 per share) towards offer for sale and (iii) 22,950 equity shares of Rs.2 each at an issue price of Rs.267 per share (including a share premium of Rs.265 per share) for employee quota towards fresh issue.The equity shares of PVSL were listed on NSE and BSE on 19 Mar 2024.Accordingly, the above statement of unaudited CFS, is prepared for the first time in accordance with the requirements of Regulation 33 of the Listing Regulations.6) The Group has reported segment information as per Ind AS 108 on 'Operating Segments'. As per Ind AS 108, segments are identified based on management's evaluation of financial information for allocating resources and assessing performance. PVSL has structured its business broadly into four segments–Passenger cars(excluding luxury vehicles), Luxury vehicles, Commercial vehicles and others. Others primarily comprises of spares parts retail sales-other than through the respective business segments and sale of electric vehicles-two-wheelers and three-wheelers.7)PVSL had classified land and buildings having net book value of Rs.15.42 mn as Assets Held for Sale as at 31 Mar 2023. PVSL received an amount of Rs.31.47 mn on 01 Jun 2023 as total compensation towards sale of land and a gain on sale of land Rs.16.05 mn was recorded during the period ended 31 Dec 2023. The net gain on account of this transaction has been disclosed as an exceptional item in the above statement of unaudited CFS.8)The BOD of PVSL, at its meeting held on 31 Aug 2023, had approved the sub division of the existing paid up share capital of PVSL from 12,544,289 equity shares of Rs.10 each into 62,721,445 equity shares of Rs.2 each, which is approved by the shareholders by an EGM held on 08 Sept 2023. The basic and diluted EPS for the current period and the corresponding quarters and periods presented have been calculated/ restated after considering the share split. Multi segment 2023-04-01 2023-12-31 Unaudited Consolidated 42518147000.00 228552000.00 42746699000.00 0.00 36885099000.00 -804349000.00 2754606000.00 751171000.00 677074000.00 1760628000.00 42024229000.00 722470000.00 16050000.00 738520000.00 208280000.00 -29434000.00 178846000.00 0.00 559674000.00 0.00 0.00 0.00 0.00 559674000.00 17961000.00 577635000.00 559674000.00 0.00 17961000.00 0.00 125440000.00 2 8.92 8.92 0.00 0.00 8.92 8.92 Advertising and sales promotion 56739000.00 Consumables 98826000.00 Housekeeping and security and other contract charges 97714000.00 Other Expenses 97238000.00 Power, water and fuel 44531000.00 Pre-delivery inspection charges 28314000.00 Rent 48318000.00 Repairs and maintenance 60090000.00 Transportation charges 24599000.00 Travelling and conveyance 39940000.00 Advertising and sales promotion 183854000.00 Consumables 267328000.00 Housekeeping and security and other contract charges 293600000.00 Other Expenses 314010000.00 Power, water and fuel 137340000.00 Pre-delivery inspection charges 76221000.00 Rent 129594000.00 Repairs and maintenance 170670000.00 Transportation charges 69231000.00 Travelling and conveyance 118780000.00 Commercial vehicles 4643211000.00 Luxury vehicles 1130018000.00 Others 853093000.00 Passenger cars (excluding Luxury vehicles) 7541862000.00 Commercial vehicles 14259545000.00 Luxury vehicles 2998114000.00 Others 2646759000.00 Passenger cars (excluding Luxury vehicles) 22613725000.00 14168184000.00 42518143000.00 14168184000.00 42518143000.00 Commercial vehicles 83523000.00 Luxury vehicles 85399000.00 Others 42038000.00 Passenger cars (excluding Luxury vehicles) 272562000.00 Commercial vehicles 349857000.00 Luxury vehicles 235221000.00 Others 120549000.00 Passenger cars (excluding Luxury vehicles) 810921000.00 483522000.00 1516548000.00 275021000.00 751171000.00 8740000.00 Segment revenue, results, assets and liabilities represent amounts identifiable to each of the segments. All others are grouped under unallocated. 26860000.00 199761000.00 738517000.00 Commercial vehicles 5284748000.00 Luxury vehicles 1340164000.00 Others 1302257000.00 Passenger cars (excluding Luxury vehicles) 10259989000.00 18187158000.00 Commercial vehicles 4224043000.00 Luxury vehicles 1000157000.00 Others 906544000.00 Passenger cars (excluding Luxury vehicles) 8048336000.00 14179080000.00 -8739000.00 -23839000.00 2013000.00 5878000.00