- Home
- Results news
- Mahscooter - DEP Sett
- Q2 FY27 results
Mahscooter - DEP Sett Q2 FY27 results: net profit up 9.8% to ₹293.27 crore, revenue up 9.7%
Bajaj Nivesh Limited (formerly Maharashtra Scooters Limited) reported standalone revenue of ₹297.36 crore for Q2 FY27, up 9.7% from ₹271.02 crore a year earlier, with net profit of ₹293.27 crore against ₹267.07 crore. Basic EPS was ₹256.61, compared with ₹233.7 in the year-ago quarter. The company operates as an unregistered core investment company with a single investments segment.
Key points
- Q2 FY27 revenue rose 9.7% to ₹297.36 crore from ₹271.02 crore in Q2 FY26
- Net profit was ₹293.27 crore, up 9.8% from ₹267.07 crore a year earlier
- Basic EPS increased to ₹256.61 from ₹233.7 in the year-ago quarter
- Against Q1 FY27, revenue rose 5396.5% to ₹297.36 crore from ₹5.41 crore
- H1 FY27 profit after tax was ₹296.59 crore, down 1.9% from ₹302.43 crore in H1 FY26
How did Mahscooter - DEP Sett perform in Q2 FY27?
Mahscooter - DEP Sett reported standalone revenue of ₹297.36 crore for Q2 FY27, the July–September 2026 quarter, against ₹271.02 crore in Q2 FY26, a rise of 9.7%. Total income was ₹297.37 crore, up from ₹271.02 crore, also 9.7% higher. Profit before tax rose to ₹295.88 crore from ₹269.80 crore, an increase of 9.7%, while net profit was ₹293.27 crore against ₹267.07 crore, up 9.8%.
Basic EPS for the quarter was ₹256.61, up from ₹233.7 in the year-ago quarter, a rise of 9.8%. Against the previous quarter, Q1 FY27, revenue rose 5396.5% from ₹5.41 crore and net profit rose 8733.4% from ₹3.32 crore. The profit after tax margin was 98.6% in Q2 FY27, up 37.2 percentage points from 61.4% in Q1 FY27 and 0.1 percentage points above the 98.5% recorded in Q2 FY26. EBITDA and EBITDA margin were not reported for the quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 297.36 | 5.41 | 271.02 | +9.7% | +5396.5% |
| Other income | 0.01 | 0 | 0 | ||
| Total expenses | 1.49 | 0.86 | 1.22 | +22.1% | +73.3% |
| Profit before tax | 295.88 | 4.55 | 269.80 | +9.7% | +6402.9% |
| Tax | 2.61 | 1.23 | 2.73 | −4.4% | +112.2% |
| Net profit | 293.27 | 3.32 | 267.07 | +9.8% | +8733.4% |
| EPS (₹) | 256.61 | 2.91 | 233.70 | +9.8% | +8718.2% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Mahscooter - DEP Sett's costs and profit?
Total expenses were ₹1.49 crore in Q2 FY27, up ₹0.27 crore or 22.1% from ₹1.22 crore in the year-ago quarter. Other expenses accounted for most of the rise, increasing ₹0.23 crore or 21.1% to ₹1.32 crore from ₹1.09 crore. Employee benefits expense rose ₹0.04 crore or 30.8% to ₹0.17 crore from ₹0.13 crore. Finance costs and depreciation, amortisation and impairment were unchanged at ₹0 crore, and there was no exceptional item in either quarter.
Other income was ₹0.01 crore in Q2 FY27 against ₹0 crore in Q2 FY26, while tax expense fell ₹0.12 crore or 4.4% to ₹2.61 crore from ₹2.73 crore. Profit before tax increased by ₹26.08 crore to ₹295.88 crore and net profit by ₹26.20 crore to ₹293.27 crore. The filing notes that the company is an unregistered core investment company that earns income through dividends, interest and gains on investments held, and operates as a single business segment.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0.17 | 0.13 | +0.04 | +30.8% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 1.32 | 1.09 | +0.23 | +21.1% |
| Total expenses | 1.49 | 1.22 | +0.27 | +22.1% |
| Other income | 0.01 | 0 | +0.01 | |
| Tax | 2.61 | 2.73 | −0.12 | −4.4% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, revenue was ₹302.77 crore, up ₹2.48 crore or 0.8% from ₹300.29 crore in H1 FY26. Total income rose 0.8% to ₹302.78 crore, and profit before tax increased 0.8% to ₹300.43 crore from ₹297.98 crore.
Profit after tax for the first half was ₹296.59 crore, down ₹5.84 crore or 1.9% from ₹302.43 crore in H1 FY26, and EPS was ₹259.52 against ₹264.6. Total tax expense was ₹384 lakh in H1 FY27, compared with a credit of ₹445 lakh in H1 FY26, which included an excess provision for tax pertaining to earlier years of ₹769 lakh.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 302.77 | 300.29 | +0.8% |
| Profit before tax | 300.43 | 297.98 | +0.8% |
| Net profit | 296.59 | 302.43 | −1.9% |
| EPS (₹) | 259.52 | 264.60 | −1.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
For the first half of FY27, operating cash flow was ₹295.54 crore, against ₹247.2 crore in H1 FY26. Investing cash flow was an outflow of ₹44.19 crore compared with an inflow of ₹1.71 crore a year earlier, while financing cash flow was an outflow of ₹251.29 crore against an outflow of ₹250.81 crore. Capital expenditure was ₹0 crore in both periods.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 36,541 | 30,791 |
| Total equity | 32,411 | 27,635 |
| Cash and equivalents | 0.12 | 0.06 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 295.54 | 247.20 |
| Cash from investing | −44.19 | 1.71 |
| Cash from financing | −251.29 | −250.81 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Mahscooter - DEP Sett done over the last 8 quarters?
Revenue over the last eight quarters moved unevenly, rising from ₹5.79 crore in Q3 FY25 to ₹271.02 crore in Q2 FY26, then falling to ₹6.44 crore in Q3 FY26 and remaining near that level through Q1 FY27 at ₹5.41 crore before reaching ₹297.36 crore in Q2 FY27. The highest quarterly profit after tax in the series was ₹293.27 crore in Q2 FY27, while the lowest was ₹3.3 crore in Q3 FY25.
Profit after tax followed a similar pattern, ending at ₹293.27 crore in Q2 FY27 after ₹3.32 crore in the preceding quarter. EBITDA margin was not reported for any of the listed quarters, so no margin peak or trough can be identified from the available figures. The current quarter therefore shows a marked step up in both revenue and profit from Q1 FY27.
How did Mahscooter - DEP Sett shares react?
The filing appeared in the market, and the stock rose 1.5% within the first 5 minutes, 0.3% after 15 minutes and 0.6% after 30 minutes from the price at which the filing appeared. From the pre-results close, the reaction day move was 3.5%. By the next day's close the stock was up 1.0% from its pre-results close, and by the fifth session it was down 2.9% from the same close.
| After the filing | Stock | Investment Company median |
|---|---|---|
| 5 minutes | +1.5% | |
| 15 minutes | +0.3% | |
| 30 minutes | +0.6% | |
| Reaction day | +3.5% | −1.6% |
| Next day | −1.0% | −3.4% |
| 5 days | −2.9% | −1.1% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 29 July 2026 | −0.1% |
| 22 April 2026 | +0.7% |
| 12 January 2026 | −5.0% |
| 3 November 2025 | −1.4% |
| 23 July 2025 | +0.1% |
| 15 January 2025 | +1.4% |
| 21 October 2024 | +7.3% |
| 22 July 2024 | +0.1% |
Source: MarketPing price-reaction measurement.
How did other Investment Company companies do?
Among 20 Investment Company companies compared for the quarter, the median revenue growth was 29.4%. Eight peers grew slower than Mahscooter - DEP Sett and 12 grew faster. Of the 22 peers compared on profit, 17 reported higher profit. The peer figures are stated as of 4 November 2026.
| Mahscooter - DEP Sett revenue growth (YoY) | +9.7% |
|---|---|
| Median of 20 other Investment Company companies | +29.4% |
| Companies with slower revenue growth than Mahscooter - DEP Sett | 8 of 20 |
| Companies with faster revenue growth than Mahscooter - DEP Sett | 12 of 20 |
| Companies whose net profit rose | 17 of 22 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Mahscooter - DEP Sett's revenue in Q2 FY27?
Revenue from operations was ₹297.36 crore, up 9.7% from ₹271.02 crore in Q2 FY26 (standalone).
Did Mahscooter - DEP Sett make a profit in Q2 FY27?
Yes. Net profit was ₹293.27 crore, against a net profit of ₹267.07 crore in Q2 FY26.
What was Mahscooter - DEP Sett's EPS in Q2 FY27?
Basic earnings per share were ₹256.61, against ₹233.70 in Q2 FY26.
How did Mahscooter - DEP Sett shares react to the Q2 FY27 results?
On the reaction day the stock moved +3.5% from the previous close; the median Investment Company stock moved −1.6%.
When did Mahscooter - DEP Sett announce its Q2 FY27 results?
On 22 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Considering And Approving Unaudited Financial Results For The Quarter And Half Year Ended 30 September 2026 (BSE, 5 October 2026) · PDF
- Board Meeting Outcome for Unaudited Financial Results For The Quarter And Half Year Ended 30 September 2026 (BSE, 22 October 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended 30 September 2026 (BSE, 22 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.