Maharashtra Scooters Q1 FY27 results; name change and MOA amendment approved
MAHSCOOTER · price
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Maharashtra Scooters, an Unregistered Core Investment Company (CIC), reported Q1 FY27 unaudited results. Total revenue from operations fell to Rs 541 lakh from Rs 2,927 lakh a year ago, mainly because no dividend income was booked this quarter versus Rs 2,277 lakh last year. Profit after tax was Rs 332 lakh versus Rs 3,536 lakh. EPS was Rs 2.91 versus Rs 30.94. Book value stands at Rs 28,462 per share. The Board approved amending the MOA to drop old scooter manufacturing objects and add renewable energy, and proposed a name change. Auditor KKC and Associates gave an unmodified limited review conclusion.
Revenue and PAT fell sharply YoY as no dividend income this quarter. Strategic shift to pure investment company continues with name change planned.