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 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 Single segment Maruti Passenger Cars 2023-10-01 2023-12-31 Unaudited Standalone 6668590000.00 65510000.00 6734100000.00 0.00 4171800000.00 1269240000.00 545480000.00 160140000.00 124850000.00 409520000.00 6681030000.00 53070000.00 0.00 53070000.00 16100000.00 -3750000.00 12350000.00 0.00 40720000.00 0.00 0.00 0.00 0.00 40720000.00 3200000.00 43920000.00 3200000.00 0.00 125440000.00 2 0.65 0.65 0.00 0.00 0.65 0.65 1) The above unaudited standalone financial results of Popular Vehicles and Services Limited ( the Company ) have 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, 2013 ( the Act ) read with relevant rules issued there under and in terms of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulation), as amended. 2) The above unaudited standalone financial results have been reviewed and recommended by Audit Committee at its meeting held on 08 April 2024. The Board of Directors at their meeting held on 08 April 2024 have approved the above results and taken them on record. The statutory auditors of the Company have expressed an unmodified review conclusion on the unaudited standalone financial results for the quarter and nine months ended 31 December 2023. 3) The figures for the quarters ended 30 September 2023 and 31 December 2022 and the corresponding period from 1 April 2022 to 31 December 2022 as reported in these unaudited standalone financial results have been approved by the Company's Board of Directors, but have not been subjected to review by the statutory auditors since the requirement of submission of quarterly standalone financial results is applicable on listing of equity shares of the Company during the quarter ended 31 March 2024. 4) Subsequent to 31 December 2023, the Company had completed initial public offering (IPO) of Rs. 6,015.54 million (including fresh issue of Rs. 2,500 million) 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 the Company were listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on 19 March 2024. Accordingly, the above statement of unaudited standalone financial results, is prepared for the first time in accordance with the requirements of Regulation 33 of the Listing Regulations. 5) The Company's operating segments are established in the manner consistent with the components of the Company that are evaluated regularly by the Chief Operating Decision Maker as defined in Ind AS 108 on 'Operating Segments'. The Company is engaged in the business of purchase and sale of passenger cars and related services and there are no separate reportable segments as per Ind AS 108. 6) The Company had classified land and buildings having net book value of Rs. 15.42 million as Assets Held for Sale as at 31 March 2023. The Company received an amount of Rs. 31.47 million on 01 June 2023 as total compensation towards sale of land and a gain on sale of land of Rs. 16.05 million was recorded during the period ended 31 December 2023. The net gain on account of this transaction has been disclosed as an exceptional item in the above statement of unaudited standalone financial results. 7) The Board of Directors of the Company, at its meeting held on 31 August 2023, had approved the sub division of the existing paid up share capital of the Company 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 extra ordinary general meeting held on 08 September 2023. The basic and diluted Earning per Share for the current period and the corresponding quarters and periods presented have been calculated/ restated after considering the share split. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 20387460000.00 126600000.00 20514060000.00 0.00 17083540000.00 -443370000.00 1684300000.00 428720000.00 360470000.00 1184550000.00 20298210000.00 215850000.00 16050000.00 231900000.00 59720000.00 -9190000.00 50530000.00 0.00 181370000.00 0.00 0.00 0.00 0.00 181370000.00 15800000.00 197170000.00 15800000.00 0.00 125440000.00 2 2.89 2.89 0.00 0.00 2.89 2.89 Advertising and sales promotion 44593000.00 Consumables 81196000.00 Housekeeping and security and other contract charges 58860000.00 Other Expenses 81447000.00 Power, water and fuel 31409000.00 Pre-delivery inspection charges 10257000.00 Rent 36266000.00 Repairs and maintenance 37710000.00 Transportation charges 6752000.00 Travelling and conveyance 21030000.00 Advertising and sales promotion 136600000.00 Consumables 218810000.00 Housekeeping and security and other contract charges 178390000.00 Other Expenses 234424000.00 Power, water and fuel 97579000.00 Pre-delivery inspection charges 29913000.00 Rent 93699000.00 Repairs and maintenance 110950000.00 Transportation charges 20480000.00 Travelling and conveyance 63705000.00 4270000.00 21120000.00 1070000.00 5320000.00 0.00 0.00