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 PVSL2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue01Member PVSL2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue02Member PVSL2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue03Member PVSL2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue04Member 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PVSL2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities04Member PVSL2024-06-30in-bse-fin:OneReportableSegmentLiabilities04Member 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 Multi segment 2024-04-01 2024-06-30 Unaudited Consolidated 12914490000.00 69920000.00 12984410000.00 0.00 11752070000.00 -796900000.00 956530000.00 199550000.00 237190000.00 553030000.00 12901470000.00 82940000.00 0.00 82940000.00 35550000.00 -7110000.00 28440000.00 0.00 54500000.00 0.00 0.00 0.00 0.00 54500000.00 -3420000.00 51080000.00 54500000.00 0.00 -3420000.00 0.00 142400000.00 2 0.77 0.77 0.00 0.00 0.77 0.77 Notestotheunauditedconsolidatedfinancial results:1)The consolidatedfinancialresultscoverthe operationsandresultsofPopularVehiclesandServicesLimited( theParent ),itssubsidiariesPopularMega Motors(India)PrivateLimited,VisionMotorsPrivateLimited,PopularAutoWorksPrivateLimited,Popular AutoDealersPrivateLimited,KuttukaranCarsPrivateLimited,KuttukaranGreenPrivateLimited, Keracon EquipmentsPrivateLimited,PrabalMotorsPrivateLimited.TheParentanditssubsidiariesarecollectively referredtoas( theGroup ).2)TheaboveunauditedconsolidatedfinancialresultsofPopularVehiclesand ServicesLimited( theParent )havebeenpreparedinaccordancewithandcomplyinallmaterialaspects withtheIndianAccountingStandards(IndAS)notifiedunderSection133oftheCompaniesAct,2013( the Act )readwithrelevantrulesissuedthereunderandintermsofRegulation33ofSecuritiesandExchange BoardofIndia(ListingObligationsandDisclosureRequirements)Regulations,2015(ListingRegulation),as amended.3)Theaboveunauditedconsolidatedfinancialresultshavebeenreviewedandrecommendedby AuditCommitteeatitsmeetingheldon13August2024.TheBoardofDirectorsattheirmeetingheldon13 August2024haveapprovedtheaboveresultsandtakenthemonrecord.ThestatutoryauditorsoftheParent havecarriedoutareviewoftheconsolidatedfinancialsresultsasrequiredunderRegulation33ofSEBI (LODR)Regulations,2015(ListingRegulation),asamended,andhaveissuedanunmodifiedreviewreport thereon.4)Thefiguresforthequarterended30June2023asreportedintheseunauditedconsolidated financialresultshavebeenapprovedbytheParent'sBoardofDirectors,buthavenotbeensubjectedto reviewsincetherequirementofsubmissionofquarterlyconsolidatedfinancialresultsbecameapplicable onlyonlistingofequitysharesoftheParentduringthequarterended31March2024.5)Thefiguresforthe quarterended31March2024arethebalancingfiguresbetweenauditedfiguresinrespectoffullfinancial yearandthepublishedyeartodateunauditedfiguresuptothethirdquarterended31December2023.6)The GrouphasreportedsegmentinformationasperInd AS108on'OperatingSegments'.AsperIndAS108, segmentsareidentifiedbasedonmanagement'sevaluationoffinancialinformationforallocating resourcesandassessingperformance.TheGrouphasstructureditsbusinessbroadlyintofoursegments– Passengercars(excludingluxuryvehicles),Luxuryvehicles,Commercialvehiclesandothers.Others primarilycomprisessparespartsretailsales-otherthanthroughtherespectivebusinesssegmentsandsale ofelectricvehicles-two-wheelersandthree-wheelers.7)TheParenthadclassifiedlandandbuildings havingnetbookvalueofRs.15.42millionasAssetsHeldforSaleasat31March2023.TheParentreceivedan amountofRs.31.47millionon01June2023astotalcompensationtowardssaleoflandandagainonsaleof landofRs.16.05millionwasrecordedduringthequarterended30June2023.Thenetgainonaccountofthis transactionhasbeendisclosedasanexceptionaliteminthestatementofunauditedconsolidatedfinancial resultsforthequarterended30June2023andtheauditedconsolidatedfinancialresultsfortheyearended 31 March2024.8)TheBoardofDirectorsoftheParent,atitsmeetingheldon31August2023,hadapproved thesub-divisionoftheexistingpaid up share capital of the Parent 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 8 September 2023. The basic and diluted earning per share for the corresponding quarters and periods presented have been calculated / restated after considering the share split.9)The Board of Directors of the Parent 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 Parent and hence is not recognised as a liability.10)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 Parent. Advertising and sales promotion 52160000.00 Consumables 39030000.00 Housekeeping and security and other contract charges 91190000.00 Other Expenses 124810000.00 Power, water and fuel 50260000.00 Pre-delivery inspection charges 26350000.00 Rent 50750000.00 Repairs and maintenance 56600000.00 Transportation charges 23620000.00 Travelling and conveyance 38260000.00 Commercial vehicles 4798580000.00 Luxury vehicles 889150000.00 Others 775120000.00 Passenger cars (excluding Luxury vehicles) 6451640000.00 12914490000.00 12914490000.00 Commercial vehicles 76760000.00 Luxury vehicles 53850000.00 Others 18930000.00 Passenger cars (excluding Luxury vehicles) 141040000.00 290580000.00 199550000.00 8090000.00 82940000.00 Commercial vehicles 5418840000.00 Luxury vehicles 1400710000.00 Others 1308170000.00 Passenger cars (excluding Luxury vehicles) 11274880000.00 19402600000.00 Commercial vehicles 3276150000.00 Luxury vehicles 985250000.00 Others 711660000.00 Passenger cars (excluding Luxury vehicles) 7846890000.00 12819950000.00 4560000.00 -1140000.00