| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 297 | 271 | +9.7% |
| EBITDA | 296 | 270 | +9.7% |
| EBITDA margin | 99.5% | 99.6% | 0.0 pts |
| Profit before tax | 296 | 270 | +9.7% |
| Net profit | 293 | 267 | +9.8% |
| EPS | ₹256.61 | ₹233.70 | +9.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 13,276 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 0.1 | 0.1 | 2.0 | 0.7 | 0.4 | ||
| 13,276 | — | — | — | — | ||
| 315 | 313 | 183 | 223 | 216 | ||
| — | +70.6% | −17.7% | +2.9% | — | ||
| 311 | 309 | 172 | 203 | 194 | ||
| 98.6% | 98.7% | 93.7% | 91.3% | 89.5% | ||
| 311 | 309 | 170 | 201 | 192 | ||
| 305 | 311 | 214 | 199 | 195 | ||
| 96.7% | 99.3% | 116.9% | 89.5% | 90.3% | ||
| ₹266.60 | ₹271.71 | ₹187.53 | ₹174.37 | ₹170.86 | ||
| — | +44.9% | +7.5% | +2.1% | — | ||
| — | 267 | 159 | 206 | 209 | ||
| — | 0.0 | 0.0 | −0.2 | −1.6 | ||
| 267 | 267 | 159 | 206 | 207 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 13,275.9 | |
| - Cash, Equiv & ST Investments | 0.4 | 0.7 | 2.0 | 0.1 | 0.1 | |
| Enterprise Value | — | — | — | — | 13,275.8 | |
| Revenue | 216.4 | 222.7 | 183.3 | 312.8 | 315.2 | |
| Growth %, YoY | — | +2.9 | -17.7 | +70.6 | — | |
| EBITDA | 193.7 | 203.4 | 171.8 | 308.5 | 311.0 | |
| Margin % | 89.53 | 91.33 | 93.69 | 98.65 | 98.64 | |
| EBIT | 191.7 | 201.4 | 169.8 | 308.5 | 311.0 | |
| Net Income | 195.3 | 199.3 | 214.4 | 310.6 | 304.7 | |
| Margin % | 90.27 | 89.49 | 116.92 | 99.30 | 96.66 | |
| EPS, Adj (current shares) | 170.86 | 174.37 | 187.53 | 271.71 | 266.60 | |
| Growth %, YoY | — | +2.1 | +7.5 | +44.9 | — | |
| Cash from Operations | 208.8 | 206.0 | 158.8 | 267.1 | — | |
| Capital Expenditures | -1.6 | -0.2 | -0.0 | -0.0 | — | |
| Free Cash Flow | 207.2 | 205.9 | 158.8 | 267.1 | 267.1 | |
Prices at the previous close · figures from the company's filings with NSE
Maharashtra Scooters (NSE: MAHSCOOTER) had a market capitalisation of ₹13,276 crore at the previous close (₹11,615.00 a share), a PE ratio of 43.6 on the last four quarters' profit and a price-to-book ratio of 0.41. In FY26 its consolidated net profit was ₹311 crore on revenue of ₹313 crore; in Q2 FY27 (July–September 2026) it was ₹293 crore, up 9.8% year on year. It had no borrowings on 30 September 2026. Promoters held 51.00% of the shares on 30 September 2026.
Maharashtra Scooters' PE ratio is 43.6 at the previous close (₹11,615.00 a share): a market capitalisation of ₹13,276 crore divided by consolidated net profit of ₹305 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹311 crore) it is 42.7.
Maharashtra Scooters' net worth — shareholders' equity in its consolidated balance sheet — was ₹32,411 crore on 30 September 2026, down 1.8% from ₹33,013 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹13,276 crore at the previous close.
Maharashtra Scooters' book value per share was ₹28,356.35 on 30 September 2026: shareholders' equity of ₹32,411 crore divided by the 1.14 crore shares in issue, down 1.8% from ₹28,883.04 a year earlier. The share price at the previous close was ₹11,615.00.
Maharashtra Scooters' price-to-book (PB) ratio is 0.41 at the previous close: a market capitalisation of ₹13,276 crore divided by shareholders' equity (book value) of ₹32,411 crore on 30 September 2026. That is a book value of ₹28,356.35 per share against a share price of ₹11,615.00.
Maharashtra Scooters' debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹32,411 crore. A year earlier, on 30 September 2025, it was 0.00.
Maharashtra Scooters' dividend yield is 1.89% at the previous close: dividends of ₹220 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹11,615.00. They were ₹160 on 21 September 2026 and ₹60 on 30 June 2026.
Maharashtra Scooters' market capitalisation was ₹13,276 crore at the previous close: 1.14 crore shares at ₹11,615.00 each.
Yes. Maharashtra Scooters had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹191 crore of cash, bank balances and current investments.
In FY26, Maharashtra Scooters' return on equity (ROE) was 1.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year).
Maharashtra Scooters' basic earnings per share (EPS) were ₹271.70 in FY26, against ₹187.60 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹266.62.
In 2026, Maharashtra Scooters has declared two dividends totalling ₹220 a share: ₹60 with record date 30 June 2026 and ₹160 with record date 21 September 2026.
Promoters held 51.00% of Maharashtra Scooters on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Maharashtra Scooters' shares were held by promoters 51.00%, foreign portfolio investors (FII/FPI) 6.30%, domestic institutions (DII) 3.82% (including mutual funds at 3.05%) and retail and other non-institutional investors 38.86%. Over the year, FII holding was up 0.09 percentage points from 6.21% and DII holding was down 0.03 percentage points from 3.85%.
In FY26, Maharashtra Scooters generated ₹267 crore of cash from operations and spent ₹0 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹267 crore. In FY25 it was ₹159 crore.
Maharashtra Scooters' latest results are for Q2 FY27 (July–September 2026), filed on 22 October 2026: consolidated net profit ₹293 crore, up 9.8% from ₹267 crore in Q2 FY26; revenue from operations ₹297 crore, up 9.7% year on year.
In FY26 (April 2025–March 2026), Maharashtra Scooters' consolidated net profit was ₹311 crore, up 44.9% from ₹214 crore in FY25, on revenue from operations of ₹313 crore (up 70.6%). Over three years, from FY23, net profit was up 59.0%.
Maharashtra Scooters has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, Maharashtra Scooters earned net profit of ₹311 crore on revenue of ₹313 crore, against ₹9,637 crore on ₹1,070 crore for Bajaj Holdings. Maharashtra Scooters' operating margin was 98.6% (Bajaj Holdings 81.9%) and its return on equity 1.1% (Bajaj Holdings 14.2%).
On FY26 consolidated figures, against Bajaj Holdings, Karnataka Bank and Jana Small Finance Bank: Maharashtra Scooters' return on equity of 1.1% is the lowest of the four (Bajaj Holdings 14.2%, Karnataka Bank 10.4%, Jana Small Finance Bank 7.6%; peer average 10.7%); its revenue growth over three years of 13.1% a year is the third highest of the four (Bajaj Holdings 32.1% a year, Karnataka Bank 7.9% a year, Jana Small Finance Bank 27.5% a year; peer average 22.5% a year).
From Maharashtra Scooters' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.