PVSL2024-04-012024-06-30 PVSL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member PVSL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member PVSL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses03Member PVSL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses04Member PVSL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses05Member PVSL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses06Member PVSL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses07Member PVSL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses08Member PVSL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses09Member PVSL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses10Member PVSL2024-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544144 PVSL NA Popular Vehicles and Services Limited Equity 2024-04-01 2025-03-31 2024-08-13 2024-08-06 INR Millions First quarter 15:00:00 18:15:00 2024-08-13 2024-08-13 Not applicable Single segment Maruti Passenger Cars 2024-04-01 2024-06-30 Unaudited Standalone 5818350000.00 63600000.00 5881950000.00 0.00 5352940000.00 -629720000.00 573320000.00 113040000.00 128850000.00 347780000.00 5886210000.00 -4260000.00 0.00 -4260000.00 4190000.00 -4790000.00 -600000.00 0.00 -3660000.00 0.00 0.00 0.00 0.00 -3660000.00 -5220000.00 -8880000.00 -5220000.00 0.00 142400000.00 2 -0.05 -0.05 0.00 0.00 -0.05 -0.05 Notes to the unaudited standalone financial results : 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 13 August 2024. The Board of Directors at their meeting held on 13 August 2024 have approved the above results and taken them on record. The statutory auditors of the Company have carried out a review of the standalone financial results as required under Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulation), as amended, and have issued an unmodified review report there on. 3)The figures for the quarter ended 30 June 2023 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 since the requirement of submission of quarterly standalone financial results became applicable only on listing of equity shares of the Company during the quarter ended 31 March 2024. 4)The figures for the quarter ended 31 March 2024 are the balancing figures between audited figures in respect of full financial year and the published year to date unaudited figures upto the third quarter ended 31 December 2023. 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 quarter ended 30 June 2023. The net gain on account of this transaction has been disclosed as an exceptional item in the statement of unaudited standalone financial results for the quarter ended 30 June 2023 and the audited standalone financial results for the year ended 31 March 2024. 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 in an extra ordinary general meeting held on 8 September 2023. The basic and diluted earning per share for the corresponding quarters and previous year end presented have been calculated / restated after considering the share split. 8)The Board of Directors of the Company at its meeting held on 28 May 2024 have recommended payment of final dividend of Rs. 0.50 per equity share of face value of Rs. 2 each for the financial year ended 31 March 2024 amounting to Rs. 35.60 million which is subject to approval at the ensuing Annual General Meeting of the Company and hence is not recognised as a liability. 9)The current tax charge for the year ended 31 March 2024 includes reversal of tax provision pertaining to earlier years of Rs. 24.72 million. These reversals were based on the assessment orders received by the Company. Advertising and sales promotion 39180000.00 Consumables 22820000.00 Housekeeping and security and other contract charges 60140000.00 Other Expenses 82310000.00 Power, water and fuel 34920000.00 Pre-delivery inspection charges 10850000.00 Rent 31450000.00 Repairs and maintenance 38290000.00 Transportation charges 5960000.00 Travelling and conveyance 21860000.00 6980000.00 -1760000.00