PVSL2024-01-012024-03-31 PVSL2024-01-012024-03-31 PVSL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member PVSL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member PVSL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses03Member PVSL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses04Member PVSL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses05Member PVSL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses06Member PVSL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses07Member PVSL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses08Member PVSL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses09Member PVSL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses10Member PVSL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member PVSL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member PVSL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses03Member PVSL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses04Member PVSL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses05Member PVSL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses06Member PVSL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses07Member PVSL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses08Member PVSL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses09Member PVSL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses10Member PVSL2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544144 PVSL NA Popular Vehicles and Services Limited Equity 2023-04-01 2024-03-31 2024-05-28 2024-05-20 INR Millions Yearly 17:30:00 20:00:00 2024-05-28 2024-05-28 true Cash Flow Indirect Declaration of unmodified opinion Single segment Maruti Passenger Cars 2024-01-01 2024-03-31 Audited Standalone 6050760000.00 51140000.00 6101900000.00 0.00 5354090000.00 -516370000.00 561760000.00 123800000.00 124520000.00 378210000.00 6026010000.00 75890000.00 0.00 75890000.00 -1990000.00 1060000.00 -930000.00 0.00 76820000.00 0.00 0.00 0.00 0.00 76820000.00 1990000.00 78810000.00 78810000.00 0.00 142400000.00 2 1.19 1.19 0.00 0.00 1.19 1.19 1TheauditedstandalonefinancialresultsofPopularVehiclesandServicesLimited( PVSL havebeenpreparedinaccordancewithandcomplyinallmaterialaspectswiththeIndASnotifiedunderSec133oftheCo’sAct2013( theAct readwithrelevantrulesissuedthereunderandintermsofReg33ofLODRasamended.2TheresultshavebeenreviewedandrecommendedbyAuditCommitteeatitsmeetingheldon28May2024.TheBoardattheirmeetingheldon28May2024haveapprovedthesameandtakenonrecord.TheAuditorsoftheCompanyhavecarriedoutanauditoftheresultsasrequiredunderReg33ofLODRasamendedandhaveissuedanunmodifiedopinionthereon.3ThefiguresfortheQ4ended31Mar2023asreportedintheseresultshavebeenapprovedbytheBoard,buthavenotbeensubjectedtoauditsincetherequirementofsubmissionofquarterlyfinancialresultsisapplicableonlistingofequitysharesofPVSLduringtheyearended31Mar2024.4)ThefiguresfortheQ4ended31Mar2024isthebalancingfiguresbetweenauditedfiguresinrespectoffullFYandthepublishedyeartodateunauditedfiguresuptotheQ3ended31Dec2023.5PVSLhadcompletedIPOofRs6015.54mns(includingfreshissueofRs2500mnscomprisingof:(i)8,453,803equitysharesofRs2eachatanissuepriceofRs295pershare(includingasharepremiumofRs293persharetowardsfreshissueofequityshares;(ii)11,917,075equitysharesofRs2eachatanissuepriceofRs295pershare(includingasharepremiumofRs293persharetowardsOFSand;(iii)22,950equitysharesofRs2eachatanissuepriceofRs267pershare(includingasharepremiumofRs265pershareforemployeequotatowardsfreshissue.TheequitysharesofPVSLwerelistedonNSEandBSEon19Mar2024.6PVSLhasestimatedRs421.06mns(includingprovision(excludingtaxesasIPOrelatedexpensesandallocatedbetweenPVSLRs78.01mnsandsellingshareholdersRs243.05mnsinproportiontotheequitysharesallottedtothepublicasfreshissuebyPVSLandOFSbysellingshareholdersrespectively.TheamtattributabletoPVSLamountingtoRs178.01mnshasbeenadjustedtosecuritiespremium.DetailsoftheIPOnetproceedsareasfollowsason31Mar2024.GrossProceedsfromtheissue-2500.00(Less:Estimatedissuerelatedexpenses(proportionatetoPVSLshare)*210.10)NetProceeds-2280.90 *Issuerelatedexpenses(netofGSTamountingtoRs178.01mnshavebeenadjustedagainstsecuritiespremiumasperSec52oftheAct.Pre-paymentinfullorinpartof borrowingsavailedbythePVSLanditssubsidiariesasperprospectus- 1,920.00mnsutilisedupto31mar2024-1,920.00mnsutilisedason31mar-nilGeneralCorporatepurposesasperprosp 369.00utilisedupto31mar2024360.00utilisedason9.90Totalutilisationoffundsasperprospectus2,289.90utilised upto31mar2,280.00utilisedason31mar9.90.7PVSLoperatingsegmentsareestablishedinthemannerconsistentwiththecomponentsofPVSLthatareevaluatedregularlybytheChiefOperatingDecisionMakerasdefinedinIndAS108on'OperatingSegments'.PVSLisengagedinthebusinessofpurchaseandsaleofpassengercarsandrelatedservicesandtherearenoseparatereportablesegmentsasperIndAS108.8TheCurrenttaxexpenseforthequarterandyearended31Mar2024includesreversalsoftaxprovisionpertainingtoearlieryearsofRs19.67mnsandRs25.37mnsrespectively.ThesereversalsarebasedontheassessmentordersreceivedbyPVSL,fromtherelevantauthorities.9PVSLhadclassifiedlandandbuildingshavingnetbookvalueofRs15.42mnsasAssetsHeldforSaleasat31Mar2023.PVSLreceivedanamountofRs31.47mnson1Jun2023astotalcompensationtowardssaleoflandandagainonsaleoflandofRs16.05mnswasrecordedduringtheyearended31Mar2024.Thenetgainonaccountofthistransactionhasbeendisclosedasanexceptionalitemintheabovestatementofauditedstandalonefinancialresults.10TheBoardofDirectorsofPVSL,atitsmeetingheldon31Aug2023,hadapprovedthesubdivisionoftheexistingpaidupsharecapitalfrom12,544,289equitysharesofRs10eachinto62,721,445equitysharesofRs2each,whichisapprovedbytheshareholdersbyanEGMheldon8Sept2023.ThebasicanddilutedEPSforthecurrentperiodandthecorrespondingquartersandperiodspresentedhavebeencalculated/restatedafterconsideringthesharesplit.11TheBoardofDirectorsofPVSLatitsmeetingheldon28May2024haverecommendedpaymentoffinaldividendofRs0.50perequityshareoffacevalueofRs2eachfortheFYended31Mar2024amountingtoRs35.60mnswhichissubjecttoapprovalattheensuingAGMofPVSLandhenceisnotrecognisedasaliability Single segment 2023-04-01 2024-03-31 Audited Standalone 26438220000.00 177740000.00 26615960000.00 0.00 22437630000.00 -959740000.00 2246060000.00 552520000.00 484990000.00 1562760000.00 26324220000.00 291740000.00 16050000.00 307790000.00 57730000.00 -8130000.00 49600000.00 0.00 258190000.00 0.00 0.00 0.00 0.00 258190000.00 17790000.00 275980000.00 275980000.00 0.00 142400000.00 2 4781880000.00 4.09 4.09 0.00 0.00 4.09 4.09 Advertising and sales promotion 42050000.00 Consumables 69260000.00 Housekeeping and security and other contract charges 55500000.00 Other Expenses 71650000.00 Power, water and fuel 32340000.00 Pre-delivery inspection charges 11340000.00 Rent 29980000.00 Repairs and maintenance 38740000.00 Transportation charges 6520000.00 Travelling and conveyance 20830000.00 Advertising and sales promotion 178650000.00 Consumables 288070000.00 Housekeeping and security and other contract charges 233890000.00 Other Expenses 306060000.00 Power, water and fuel 129920000.00 Pre-delivery inspection charges 41260000.00 Rent 123680000.00 Repairs and maintenance 149690000.00 Transportation charges 27000000.00 Travelling and conveyance 84540000.00 1973290000.00 129800000.00 0.00 0.00 35230000.00 4040000.00 0.00 0.00 938460000.00 1170330000.00 2519710000.00 4628500000.00 119910000.00 271570000.00 7162340000.00 2923560000.00 170250000.00 894400000.00 318670000.00 31760000.00 2690000.00 282490000.00 1700260000.00 443530000.00 5067350000.00 12229690000.00 142400000.00 4781880000.00 4924280000.00 4924280000.00 40670000.00 2950030000.00 2990700000.00 34010000.00 3024710000.00 1669650000.00 1091180000.00 521600000.00 3282430000.00 968750000.00 29520000.00 4280700000.00 7305410000.00 12229690000.00 552520000.00 -951930000.00 -85990000.00 0.00 -556830000.00 0.00 -27590000.00 -7800000.00 0.00 0.00 0.00 1622390000.00 0.00 484990000.00 3880000.00 0.00 0.00 0.00 0.00 0.00 0.00 27390000.00 0.00 -3110000.00 0.00 0.00 -61300000.00 0.00 0.00 941840000.00 1249630000.00 0.00 0.00 -102810000.00 0.00 0.00 1146820000.00 0.00 5000000.00 0.00 0.00 0.00 0.00 0.00 0.00 49660000.00 529910000.00 0.00 0.00 0.00 9900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1114820000.00 0.00 0.00 0.00 0.00 27390000.00 0.00 -174560000.00 0.00 -1757140000.00 0.00 0.00 2321990000.00 0.00 0.00 0.00 0.00 0.00 98480000.00 811100000.00 0.00 422870000.00 0.00 300540000.00 0.00 0.00 885960000.00 275640000.00 0.00 275640000.00 43030000.00 318670000.00 2660000.00 23780000.00 670000.00 5990000.00