Maharashtra Scooters Limited has informed the Exchange regarding outcome of Board meeting held on 23 July 2025.
MAHSCOOTER · price
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Awaiting price reaction for this filing.
Maharashtra Scooters Limited reported its unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Total revenue from operations jumped sharply to ₹2,927 lakh from ₹772 lakh in Q1 FY25, driven mainly by dividend income of ₹2,277 lakh (nil in the year-ago quarter). Profit after tax rose to ₹3,536 lakh from ₹826 lakh, also supported by a tax write-back of ₹863 lakh for earlier years. Basic and diluted EPS stood at ₹30.9 versus ₹7.2 in Q1 FY25. The company, which closed its factory at the end of the previous financial year, is now essentially an investment company. Separately, the Board approved the appointment of two existing Non-Executive Directors, Shri V Rajagopalan and Shri S Ravikumar, as Joint Managing Directors effective 1 August 2025, subject to shareholder approval.
Headline numbers look very strong, but the surge is largely driven by one-time dividend income and an excess tax provision write-back, making it non-recurring. With the factory shut, the stock now effectively behaves as a holding/investment entity, so future performance will depend on portfolio dividends and fair-value movements rather than manufacturing operations.