Maharashtra Scooters Limited has informed the Exchange regarding Board meeting held on 12 January 2026 for consideration of Unaudited Financial results for the quarter and nine months ended 31 December 2025.
MAHSCOOTER · price
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Maharashtra Scooters Limited, now functioning primarily as an investment company after closing its factory, reported unaudited Q3 FY26 results. Revenue from operations for Q3 FY26 stood at ₹644 lakh, roughly flat versus ₹649 lakh in Q3 FY25. For the nine months ended December 2025, revenue jumped to ₹30,673 lakh from ₹17,668 lakh in the same period last year — about 74% growth — driven almost entirely by dividend income of ₹26,325 lakh in Q3 alone from its investment portfolio. Q3 profit after tax rose to ₹412 lakh (vs ₹330 lakh), and nine-month PAT surged to ₹30,655 lakh from ₹16,272 lakh — nearly 88% growth. Nine-month EPS came in at ₹268.2 vs ₹142.4. Statutory auditor KKC & Associates LLP issued an unmodified limited review report with no qualifications. The company also wrote back ₹769 lakh of earlier tax provision during the nine months.
Strong earnings growth is being driven by dividend and investment income from group holdings (largely Bajaj Auto and related companies) rather than operating business. Quarter-to-quarter results may swing sharply based on dividend timing. Investors should view this stock as an investment-holding entity, not a manufacturing play.