Shares of Popular Vehicles and Services Ltd declined 4.5% to Rs 138.03 on the NSE on Tuesday, November 11, after the company reported weak financial results for the September 2025 quarter, marked by a sharp fall in revenue and a widening net loss.

The automobile dealer posted net sales of Rs 707.34 crore, down 7.23% year-on-year compared to Rs 762.50 crore in the corresponding period last year. The company’s net loss stood at Rs 7 crore, a deterioration of 316% YoY from a loss of Rs 3.24 crore in the same quarter of FY25.

At the operating level, EBITDA declined 28.75% to Rs 21.78 crore, as against Rs 30.57 crore last year, reflecting continued margin pressure amid softer demand and higher costs.

The stock has traded between Rs 135.20 and Rs 140 in today’s session, with a market capitalization of Rs 983 crore. So far this year, the shares have seen considerable volatility, with a 52-week range between Rs 86.75 and Rs 186.86.

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