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Latest news about Maharashtra Scooters

Maharashtra Scooters Stock Falls 7% After Reporting 98% QoQ Decline in Net Profit 9 days ago

Maharashtra Scooters Limited reported Q3 FY26 results showing a dramatic 98.5% quarter-on-quarter decline in net profit to ₹4.00 crores from ₹267.00 crores in Q2 FY26, while revenue fell 98% QoQ to ₹6.40 crores. However, year-on-year performance remained positive with 21% profit growth and 10% revenue increase. The sequential decline was primarily due to one-time items in Q2 FY26, including asset monetisation gains of ₹57.68 crores and VSS expenses of ₹14.08 crores. The stock fell over 7% following the results announcement.

Maharashtra Scooters Reports Strong Q3FY26 Results with 24.85% Profit Growth 9 days ago

Maharashtra Scooters Limited Reports Q3FY26 Financial Results 9 days ago

Maharashtra Scooters Reports 24% Growth in Q3 Net Profit to ₹41 Million 9 days ago

Maharashtra Scooters Reports 80% Surge in Net Profit to 2.7 Billion Rupees Nov 03, 2025

More news about Maharashtra Scooters

15Sept 25

Maharashtra Scooters Announces Rs. 160 Interim Dividend, Appoints New Company Secretary

Maharashtra Scooters Limited (MSL) has declared an interim dividend of Rs. 160 per equity share, representing a 1600% dividend on the face value of Rs. 10 per share. The record date is set for September 22, 2025, with payment expected around October 13, 2025. Additionally, MSL has appointed Saurabh Erande as the new Company Secretary, effective October 1, 2025. Erande, a qualified Company Secretary with over 16 years of experience, brings expertise in corporate governance and regulatory compliance management.

10Sept 25

Maharashtra Scooters to Consider Interim Dividend at Upcoming Board Meeting

Maharashtra Scooters Limited (MSL) has scheduled a board meeting for September 15, 2025, to discuss the declaration of an interim dividend for the fiscal year ending March 31, 2026. The company has informed both BSE and NSE about the meeting, complying with SEBI regulations. The meeting's outcome could impact the company's stock performance.

02Aug 25

Maharashtra Scooters Appoints Two Joint Managing Directors, Updates Leadership

Maharashtra Scooters Limited (MSL) has appointed V Rajagopalan and S Ravikumar as Joint Managing Directors, effective August 1, 2025. Sriram Subbramaniam will resign as Company Secretary on July 25, 2025. The company has updated its list of authorized persons for determining materiality of events and making disclosures to stock exchanges, which now includes Sanjiv Bajaj (Chairman), V Rajagopalan and S Ravikumar (Joint Managing Directors), and Anant Marathe (CFO).

01Aug 25

Maharashtra Scooters CEO Sanjay Uttekar to Step Down Amid Voluntary Separation Scheme

Sanjay Uttekar, CEO of Maharashtra Scooters Limited (MSL), part of the Bajaj Finserv Group, has submitted his resignation after accepting the company's Voluntary Separation Scheme. Uttekar's resignation, effective July 31, 2025, was announced in a regulatory filing to BSE and NSE. The resignation is part of a broader VSS initiated by MSL in May 2024. Uttekar will relinquish all positions within the company. MSL has not yet announced a successor for the CEO position.

25Jul 25

Maharashtra Scooters' Company Secretary Sriram Subbramaniam Steps Down

Sriram Subbramaniam, Company Secretary and Deputy Nodal Officer of Maharashtra Scooters Limited (MSL), has resigned to pursue new career opportunities. He submitted his resignation on April 30, 2025, and will be relieved from duties on July 25, 2025. MSL is actively seeking a replacement and will inform stock exchanges once the position is filled. The company acknowledged Subbramaniam's contributions in an official statement to stock exchanges, filed in compliance with SEBI regulations.

23Jul 25

Maharashtra Scooters Appoints New Joint MDs, Declares Rs. 60 Dividend, and Reports Strong Q1 Results

Maharashtra Scooters Limited (MSL) held its 50th AGM, appointing V Rajagopalan and S Ravikumar as Joint Managing Directors from August 1. The company declared a final dividend of Rs. 60 per share, including a special dividend of Rs. 30. Q1 FY2025-26 results show significant growth with total income up 241.54% to Rs. 2,927.00 lakh and profit after tax increasing 328.09% to Rs. 3,536.00 lakh. Dividend income was a major contributor at Rs. 2,277.00 lakh, while interest income rose 22.4% to Rs. 624.00 lakh. The company's transition to an investment entity is reflected in its financial performance.

23Jun 25

Maharashtra Scooters: 500% Rally in 5 Years, Factory Closure Announced

Maharashtra Scooters, backed by investor Raamdeo Agrawal, has seen its share price surge 500% over five years. The company reported a 7.50% increase in net profit despite revenue challenges. A total dividend of Rs 60.00 per share has been proposed, including a special dividend. The company announced the closure of its Satara factory, signaling potential strategic shifts.

23Apr 25

Maharashtra Scooters Declares ₹60 Total Dividend, Reports Strong FY2025 Results

Maharashtra Scooters Ltd. (MSL) declared a total dividend of ₹60 per share for FY2025, including a final dividend of ₹30 and a special dividend of ₹30, subject to shareholder approval. The company reported a 7.55% increase in Profit After Tax to ₹21,435 lakh, despite a 17.15% decrease in total income. MSL has transitioned to primarily being an investment company, closing its manufacturing operations and selling assets. The company also announced changes in corporate governance, including the continuation of Shri Sanjiv Bajaj as a Non-Executive Director and the appointment of a new Compliance Officer.

23Apr 25

Maharashtra Scooters: Declares ₹60 Dividend, Q4 Profit Soars

Maharashtra Scooters Limited (MSL) reported a significant increase in Q4 FY2024-25 profits, with net profit rising to ₹51.63 crore from ₹0.10 crore year-over-year. Revenue increased by 28% to ₹6.65 crore. The company announced a final dividend of ₹60 per equity share, including a special dividend component. MSL has transitioned to an investment-focused entity after closing its manufacturing operations.

21Feb 25

Maharashtra Scooters to Shutter Satara Factory, Sell Assets for ₹729 Million

Maharashtra Scooters Limited (MSL) will close its manufacturing facility in Satara due to non-viable operations. The company plans to sell the factory's leasehold rights, machinery, and spares to Urbanedge Indospaces LLP for ₹729 million. The Satara facility contributed about 5% (₹11.07 crore) to MSL's total turnover last year. The transaction, approved by the Board on February 21, 2025, is expected to conclude by March 31, 2025, subject to regulatory approvals.