Popular Vehicles & Services achieved a significant financial turnaround in the June 2026 quarter, reporting a consolidated net profit of ₹1.37 crore compared to a net loss of ₹8.76 crore in the corresponding quarter of the previous year. According to reports from Business Standard, this represents a complete reversal of the company's financial position from a loss-making to a profit-making entity.
The company demonstrated strong revenue performance with sales rising 44.14% to ₹1,889.58 crore in Q1 FY27, as reported by Business Standard. This substantial growth in revenue from ₹1,310.90 crore in the June 2025 quarter indicates robust business expansion and improved market demand for the company's services.
The company's operating profit margin (OPM) improved to 3.07% in the June 2026 quarter from 2.53% in the previous year, as reported by Business Standard. Additionally, PBDT increased by 164% to ₹41.37 crore from ₹15.69 crore in the corresponding quarter of the previous year, while PBT turned positive at ₹1.86 crore compared to a loss of ₹11.11 crore in June 2025.
The positive financial results come amid broader market conditions where MRF Ltd reported a 1.3% decline in net profit to ₹495.35 crore for Q1 FY27, despite revenue growth of 9.6% to ₹8,415.50 crore. As per ETAuto, MRF attributed its profit decline to higher input costs, particularly raw material prices remaining firm due to ongoing Middle East conflicts. The company noted that while demand from OE manufacturers was buoyant with strong vehicle sales growth, replacement sales also remained healthy, though higher costs impacted overall profitability.
