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Maharashtra Scooters Limited has released its Q2 FY24-25 results, showcasing a stable financial performance despite challenges in the manufacturing sector. The company's consolidated numbers reflect a strong focus on its core investment business, leading to consistent revenue and profit growth.
Maharashtra Scooters Limited has reported robust financial results for the quarter ending September 30, 2024. Here’s an in-depth analysis of the company's consolidated performance:
Maharashtra Scooters Limited has reported robust financial results for the quarter ending September 30, 2024. Here’s an in-depth analysis of the company's consolidated performance:
Particulars | Q2 FY24-25 | Q1 FY24-25 | Q2 FY23-24 |
Revenue from Operations (₹ lakh) | 16,317 | 772 | 20,592 |
- Interest Income | 596 | 510 | 320 |
- Dividend Income | 15,627 | - | 19,912 |
- Net Gain on Fair Value Changes | 42 | 43 | 35 |
- Sale of Goods | 52 | 219 | 325 |
Total Income (₹ lakh) | 16,339 | 857 | 20,603 |
Profit Before Tax (₹ lakh) | 16,069 | (1177) | 19,990 |
PAT (₹ lakh) | 15,116 | 826 | 19,773 |
Basic and diluted earnings per share (₹) (not annualised) | 132.3 | 7.2 | 173.0 |
Maharashtra Scooters' total income for Q2 FY24-25 stood at ₹16,339 lakh, driven by strong dividend income of ₹15,627 lakh. The company’s net profit for the quarter amounted to ₹15,116 lakh. Despite a slight dip compared to the same period last year, Maharashtra Scooters remains financially strong, showcasing consistent performance in both dividend income and revenue from operations.
The company's performance is divided into two key segments:
Maharashtra Scooters’ Q2 results were in line with the broader sector's expectations. The investment segment continued to be the primary driver of revenue, which aligns with industry norms for core investment companies.
The management of Maharashtra Scooters has expressed confidence in the company's current trajectory. Maharashtra Scooters implemented a Voluntary Separation Scheme (VSS), incurring ₹1,408 lakh as 65 employees opted in. The company halted manufacturing operations due to unviability, focusing on its core investment business. Additionally, a tax provision reassessment and deferred tax liability adjustments were made, with an interim dividend of ₹110 per share declared.
Check out Maharashtra Scooters' past performances in previous quarters and financial years.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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