Maharashtra Scooters Limited announced its unaudited financial results for the quarter and nine months ended 31 December 2025. The company's Board of Directors approved these results at a meeting held on 12 January 2026, which commenced at 2:25 p.m. and concluded at 2:55 p.m.

Quarterly Financial Performance

The company's Q3FY26 performance showed steady operational results across key metrics:

Revenue composition for Q3FY26 included interest income of ₹618 lakh and net gain on fair value changes of ₹26 lakh. Total expenses for the quarter were ₹89 lakh, significantly lower than ₹218 lakh in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

The nine-month period demonstrated exceptional financial performance, driven primarily by substantial dividend income:

The company's total expenses for the nine-month period were ₹320 lakh, substantially lower than ₹1,114 lakh in the previous year, reflecting improved operational efficiency.

Business Transformation and Current Operations

Maharashtra Scooters has transformed into primarily an investment company following the closure of its manufacturing operations. The company's business activity now falls within a single segment focused on investments. This strategic shift is reflected in the revenue composition, with dividend income and interest income forming the primary revenue streams.

Tax Position and Other Comprehensive Income

The company reported a favorable tax position for the nine-month period, with total tax expense showing a credit of ₹302 lakh compared to a credit of ₹949 lakh in the previous year. This included a tax provision write-back of ₹769 lakh due to deductions available under section 80M of the Income Tax Act, 1961.

Other comprehensive income for the nine-month period was ₹213,659 lakh, primarily from items that will not be reclassified to profit or loss, resulting in total comprehensive income of ₹244,314 lakh.

Corporate Governance and Compliance

The financial results were subjected to limited review by statutory auditors KKC & Associates LLP and were reviewed by the Audit Committee before Board approval. The company maintains its paid-up equity share capital at ₹1,143 lakh with a face value of ₹10 per share. Company Secretary Saurabh Erande communicated the results to both BSE and NSE as per regulatory requirements under SEBI Listing Regulations.

Maharashtra Scooters Limited has announced its Q3 financial results, showcasing robust growth across key performance metrics. The company demonstrated strong operational performance with significant improvements in both revenue and profitability during the quarter.

Financial Performance Overview

The company's financial metrics for Q3 reflect positive business momentum and operational efficiency:

Profitability Analysis

Maharashtra Scooters achieved a net profit of ₹41.00 million in Q3, representing a substantial 24.24% increase compared to ₹33.00 million recorded in the same quarter of the previous year. This growth in profitability indicates improved operational efficiency and effective cost management strategies implemented by the company.

Revenue Growth Trends

The company's revenue performance showed consistent growth, reaching ₹64.00 million in Q3 compared to ₹58.00 million in the corresponding quarter of the previous fiscal year. This 10.34% year-on-year revenue increase demonstrates the company's ability to expand its market presence and maintain competitive positioning in the automotive sector.

Business Performance Summary

The Q3 results highlight Maharashtra Scooters' strong financial foundation and operational capabilities. The company's ability to achieve double-digit growth in both revenue and profitability reflects effective business strategies and market execution. The improved profit margins suggest enhanced operational efficiency and successful cost optimization initiatives during the quarter.