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Maharashtra Scooters Q2 Results FY24-25: Highlights & Financial Performance

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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.

Key Highlights

  • Total Revenue from operations: ₹16,317 lakh for Q2 FY24-25
  • Profit After Tax: ₹15,116 lakh for Q2 FY24-25
  • Total comprehensive income: ₹4,01,646 lakh, reflecting a significant growth

Quarterly Performance - Maharashtra Scooters Q2 Results FY24-25

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 LTD

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9495.20.00 (0.00 %)

Updated - 12 December 2024
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Quarterly Performance - Maharashtra Scooters Q2 Results FY24-25

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.

Segment Highlights:

The company's performance is divided into two key segments:

  1. Investments Segment:
    • Contributed ₹16,265 lakh in revenue, accounting for the majority of the overall revenue.
    • Recorded a profit before tax of ₹16,263 lakh.
  2. Manufacturing Segment:
    • Contributed ₹74 lakh in revenue.
    • Despite this, the segment faced challenges, leading to a loss before tax of ₹194 lakh.

Sector Expectations for Maharashtra Scooters Q2 Results FY24-25

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.

Management Commentary

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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