PVSL2024-07-012024-09-30 PVSL2024-07-012024-09-30 PVSL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member PVSL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member PVSL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses03Member PVSL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses04Member PVSL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses05Member PVSL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses06Member PVSL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses07Member PVSL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses08Member PVSL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses09Member PVSL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses10Member PVSL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member PVSL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member PVSL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses03Member PVSL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses04Member PVSL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses05Member PVSL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses06Member PVSL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses07Member PVSL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses08Member PVSL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses09Member PVSL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses10Member PVSL2024-09-30 PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue01Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue02Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue03Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue04Member PVSL2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue01Member PVSL2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue02Member PVSL2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue03Member PVSL2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue04Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults01Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults02Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults03Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults04Member PVSL2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults01Member PVSL2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults02Member PVSL2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults03Member PVSL2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults04Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets01Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets02Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets03Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets04Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member PVSL2024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member PVSL2024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member PVSL2024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member PVSL2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities04Member PVSL2024-09-30in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544144 PVSL NA Popular Vehicles and Services Limited Equity 2024-04-01 2025-03-31 2024-11-13 2024-11-05 INR Millions Half yearly 14:00:00 18:00:00 2024-11-13 2024-11-13 true Cash Flow Indirect Not applicable Multi segment 2024-07-01 2024-09-30 Unaudited Consolidated 15127460000.00 55560000.00 15183020000.00 0.00 13430260000.00 -413400000.00 962160000.00 222550000.00 250660000.00 612240000.00 15064470000.00 118550000.00 0.00 118550000.00 60790000.00 -17900000.00 42890000.00 0.00 75660000.00 0.00 0.00 0.00 0.00 75660000.00 -6540000.00 69120000.00 75660000.00 0.00 -6540000.00 0.00 142400000.00 2 1.06 1.06 0.00 0.00 1.06 1.06 Notestotheconsolidatedfinancialresults:1)TheaboveunauditedconsolidatedfinancialresultscovertheoperationsandresultsofPopularVehiclesandServicesLimited( theParent ),itssubsidiariesPopularMegaMotors(India)PrivateLimited,VisionMotorsPrivateLimited,PopularAutoWorksPrivateLimited,PopularAutoDealersPrivateLimited,KuttukaranCarsPrivateLimited,KuttukaranGreenPrivateLimited,KeraconEquipmentsPrivateLimitedandPrabalMotorsPrivateLimited.TheParentanditssubsidiariesarecollectivelyreferredtoas( theGroup ).2)TheaboveunauditedconsolidatedfinancialresultsofPopularVehiclesandServicesLimited( theParent )havebeenpreparedinaccordancewithandcomplyinallmaterialaspectswiththeIndianAccountingStandards(IndAS)notifiedunderSection133oftheCompaniesAct,2013( theAct )readwithrelevantrulesissuedthereunderandintermsofRegulation33ofSecuritiesandExchangeBoardofIndia(ListingObligationsandDisclosureRequirements)Regulations,2015(ListingRegulation),asamended.3)TheaboveunauditedconsolidatedfinancialresultshavebeenreviewedandrecommendedbyAuditCommitteeatitsmeetingheldon13November2024.TheBoardofDirectorsattheirmeetingheldon13November2024haveapprovedtheaboveresultsandtakenthemonrecord.TheStatutoryAuditorsoftheParenthavecarriedoutareviewoftheconsolidatedfinancialsresultsasrequiredunderRegulation33ofSecuritiesandExchangeBoardofIndia(ListingObligationsandDisclosureRequirements)Regulations,2015(ListingRegulation),asamended,andhaveissuedanunmodifiedreviewreportthereon.4)Thefiguresforthecorrespondingquarterended30September2023,asreportedintheStatementhavebeenapprovedbytheBoardofDirectors,buthavenotbeensubjectedtoreviewsincetherequirementofsubmissionofquarterlyconsolidatedfinancialresultsbecameapplicableonlyonlistingofequitysharesoftheCompanyduringthequarterended31March2024.Further,thesefiguresarethebalancingfiguresbetweentheauditedfiguresforsixmonthsperiodended30September2023andthefiguresforquarterended30June2023.Furthermore,thefiguresforquarterended30June2023werenotsubjecttolimitedrevieworauditandwereapprovedbytheBoardofDirectorsonly.5)TheGrouphasreportedsegmentinformationasperIndianAccountingStandards(IndAS)108on'OperatingSegments'.AsperIndAS108,segmentsareidentifiedbasedonmanagement'sevaluationoffinancialinformationforallocatingresourcesandassessingperformance.TheGrouphasstructureditsbusinessbroadlyintofoursegmentsPassengercars(excludingluxuryvehicles),Luxuryvehicles,CommercialvehiclesandOthers.Othersprimarilycomprisessparespartsretailsalesotherthanthroughtherespectivebusinesssegmentsandsaleofelectricvehicles-two-wheelersandthree wheelers.6)TheParentheldlandandbuildingshavingnetbookvalueofRs.15.42millionasAssetsHeldforSaleinearlieryears.TheParentreceivedanamountofRs.31.47millionon01June2023astotalcompensationtowardssaleofland.ThenetgainofRs.16.05milliononaccountofthistransactionhadbeendisclosedasanexceptionaliteminthestatementofconsolidatedfinancialresultsforthesixmonthsended30September2023andconsolidatedfinancialresultsfortheyearended31March2024.7)TheBoardofDirectorsoftheParentatitsmeetingheldon28May2024haverecommendedpaymentoffinaldividendofRs.0.50perequityshareoffacevalueofRs.2eachforthefinancialyearended31March2024amountingtoRs.35.60millionwhichwasapprovedattheAnnualGeneralMeetingoftheCompanyheldon24September2024.Asat30September2024thedeclareddividendwasclassifiedasunpaiddividendunderotherfinancialliabilitiesandwassubsequentlypaidon01October2024.8)Thecurrenttaxchargeforthesixmonthsperiodended30September2023andtheyearended31March2024isnetofreversaloftaxprovisionpertainingtoearlieryearsofRs.5.70millionandRs.25.37millionrespectively.ThesereversalswerebasedontheassessmentordersreceivedbytheParent.9)TheParent’sshareofpublicissueexpensesestimatedtobeRs.178.01millionwereadjustedinSecuritiesPremiumAccountasat31March2024.Duringthesixmonthsperiodended30September2024,consideringtheactualIPOexpenditureincurredduetofinalisationofcertainprovisions,anamountofRs.2.45millionhasbeenaddedbackinSecuritiesPremiumAccount. Multi segment 2024-04-01 2024-09-30 Unaudited Consolidated 28041950000.00 125480000.00 28167430000.00 0.00 25182330000.00 -1210300000.00 1918690000.00 422100000.00 487850000.00 1165270000.00 27965940000.00 201490000.00 0.00 201490000.00 96340000.00 -25010000.00 71330000.00 0.00 130160000.00 0.00 0.00 0.00 0.00 130160000.00 -9960000.00 120200000.00 130160000.00 0.00 -9960000.00 0.00 142400000.00 2 1.83 1.83 0.00 0.00 1.83 1.83 Advertising and sales promotion 81820000.00 Consumables 38210000.00 Housekeeping and security and other contract charges 122810000.00 Other Expenses 134180000.00 Power, water and fuel 48740000.00 Pre-delivery inspection charges 28900000.00 Rent 46490000.00 Repairs and maintenance 41600000.00 Transportation charges 26260000.00 Travelling and conveyance 43230000.00 Advertising and sales promotion 133980000.00 Consumables 77240000.00 Housekeeping and security and other contract charges 214000000.00 Other Expenses 258990000.00 Power, water and fuel 99000000.00 Pre-delivery inspection charges 55250000.00 Rent 97240000.00 Repairs and maintenance 98200000.00 Transportation charges 49880000.00 Travelling and conveyance 81490000.00 0.00 7294060000.00 8370000.00 0.00 115470000.00 118870000.00 4340000.00 0.00 0.00 150570000.00 0.00 0.00 425120000.00 575690000.00 215570000.00 432360000.00 8764730000.00 7139000000.00 100740000.00 3092600000.00 404690000.00 60750000.00 0.00 94480000.00 3753260000.00 31070000.00 982690000.00 11906020000.00 0.00 0.00 20670750000.00 142400000.00 6476220000.00 6618620000.00 6618620000.00 36920000.00 0.00 4585050000.00 4621970000.00 66730000.00 0.00 0.00 224070000.00 4912770000.00 5031860000.00 2167110000.00 647250000.00 7846220000.00 1254740000.00 29390000.00 9010000.00 0.00 9139360000.00 0.00 0.00 14052130000.00 20670750000.00 Commercial vehicles 4544280000.00 Luxury vehicles 1314560000.00 Others 938080000.00 Passenger cars (excluding Luxury vehicles) 8330540000.00 Commercial vehicles 9342860000.00 Luxury vehicles 2203710000.00 Others 1713200000.00 Passenger cars (excluding Luxury vehicles) 14782180000.00 15127460000.00 28041950000.00 0.00 0.00 15127460000.00 28041950000.00 Commercial vehicles 69910000.00 Luxury vehicles 95780000.00 Others 21370000.00 Passenger cars (excluding Luxury vehicles) 162960000.00 Commercial vehicles 146670000.00 Luxury vehicles 149630000.00 Others 40300000.00 Passenger cars (excluding Luxury vehicles) 304000000.00 350020000.00 640600000.00 222550000.00 422100000.00 8920000.00 17010000.00 118550000.00 201490000.00 Commercial vehicles 5454980000.00 Luxury vehicles 1514220000.00 Others 1408170000.00 Passenger cars (excluding Luxury vehicles) 12293380000.00 20670750000.00 0.00 20670750000.00 Commercial vehicles 3146400000.00 Luxury vehicles 1049300000.00 Others 809250000.00 Passenger cars (excluding Luxury vehicles) 9047180000.00 14052130000.00 0.00 14052130000.00 422100000.00 -1208740000.00 -139810000.00 0.00 181670000.00 0.00 0.00 0.00 0.00 0.00 0.00 220310000.00 0.00 487850000.00 16370000.00 -1560000.00 0.00 0.00 0.00 0.00 0.00 14780000.00 0.00 -26370000.00 0.00 0.00 0.00 -64680000.00 0.00 -127640000.00 73850000.00 0.00 0.00 0.00 128950000.00 0.00 -55100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32210000.00 211620000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4750000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14780000.00 0.00 57850000.00 0.00 -111530000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5590000.00 -616840000.00 0.00 403970000.00 0.00 196670000.00 0.00 0.00 21790000.00 -144840000.00 0.00 -144840000.00 549530000.00 404690000.00 8740000.00 13300000.00 -2200000.00 -3340000.00