Popular Vehicles reported a net profit attributable to owners of the company of Rs 2.20 crore for Q2 FY27, recovering from a net loss of Rs 0.57 crore in the corresponding period of the previous financial year.
On a sequential basis, net profit increased 61.3 percent from Rs 1.37 crore recorded in the first quarter of financial year 2027.
Consolidated revenue from operations for the quarter expanded 36 percent year-on-year to Rs 2,088.92 crore from Rs 1,535.65 crore in Q2 FY26.
Sequentially, operational revenue grew 10.2 percent from Rs 1,894.97 crore in Q1 FY27. Total income, including other income of Rs 0.48 crore, stood at Rs 2,093.76 crore.
Total consolidated expenses grew 35.4 percent year-on-year to Rs 2,089.48 crore compared to Rs 1,543.45 crore in the same period last year. The expenses were driven primarily by purchases of stock-in-trade at Rs 2,026.60 crore. Sequentially, expenses grew 9.6 percent from Rs 1,906.63 crore in Q1 FY27.
On a standalone basis, the company posted a net loss of Rs 0.52 crore for the second quarter, narrowing from a net loss of Rs 0.70 crore in the corresponding quarter of the previous financial year.
Sequentially, the net loss narrowed 21 percent from Rs 0.66 crore in Q1 FY27. Standalone revenue from operations grew 46.3 percent year-on-year to Rs 1,042.46 crore compared to Rs 712.61 crore in the year-ago period, and rose 12.4 percent sequentially from Rs 927.08 crore.
Total standalone expenses for the quarter grew 45.4 percent year-on-year to Rs 1,058.07 crore from Rs 727.69 crore, and increased 11.8 percent sequentially from Rs 946.55 crore.