Maharashtra Scooters Limited has informed the Exchange regarding Board meeting held on 3 November 2025 for consideration of Unaudited Financial results for the quarter and half year ended 30 September 2025

Revenue Growth 20pctPat Growth 25pctExceptional ItemResults View source PDF Explain this filing

MAHSCOOTER · price

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On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 1.1 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Maharashtra Scooters reported strong Q2 FY26 results with revenue from operations of ₹27,102 lakh (up ~66% YoY from ₹16,317 lakh) and profit after tax of ₹26,707 lakh (up ~77% YoY from ₹15,116 lakh). For H1 FY26, revenue rose to ₹30,029 lakh and PAT to ₹30,243 lakh, nearly doubling from ₹15,942 lakh in H1 FY25. The jump is largely driven by dividend income (₹26,325 lakh in Q2 vs ₹15,627 lakh YoY), as the company is now essentially an investment entity after shutting its manufacturing operations. The statutory auditor (KKC & Associates LLP) issued an unqualified limited review report. The Board had earlier declared an interim dividend of ₹160 per share (1600%), paid in October 2025.

Likely market impact

Short-term positive: sharp PAT growth, generous 1600% interim dividend already paid, and clean audit opinion. Investors should note the company no longer manufactures and earnings depend on investment income and dividends from holdings (largely Bajaj group companies), making results inherently lumpy and not reflective of operating business momentum.