Maharashtra Scooters quarterly results

Q2 FY27 · Jul–Sep 2026

₹ 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%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	297	5.4	6.0	6.4	271	29.3	6.7	5.8	163	7.7	5.2	6.4	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	0.0	0.0	0.5	0.0	0.0	0.0	0.1	0.7	0.2	0.9	0.0	0.7
	297	5.4	6.5	6.4	271	29.3	6.8	6.5	163	8.6	5.2	7.1
	0.0	0.0	0.0	0.0	0.0	0.0	0.4	0.0	0.0	0.2	1.3	1.6
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.5	2.0	−0.4	0.4
	0.2	0.2	0.2	0.2	0.1	0.2	0.1	0.2	0.3	2.4	2.2	1.9
	0.0	0.0	0.0	0.0	0.0	0.0	0.5	0.5	0.5	0.5	0.5	0.5
	1.3	0.6	0.8	0.6	1.1	0.9	1.4	1.5	1.4	1.2	1.4	1.4
	1.5	0.9	1.1	0.9	1.2	1.1	2.4	2.2	2.7	6.3	5.0	5.7
	296	4.6	5.0	5.6	270	28.2	4.8	4.1	161	2.0	0.7	1.2
	296	4.6	5.0	5.6	270	28.2	4.3	3.6	160	1.5	0.2	0.7
Profit
	296	4.6	5.5	5.6	270	28.2	4.4	4.3	161	2.3	0.2	1.4
	0.0	0.0	0.0	0.0	0.0	0.0	57.7	0.0	0.0	−14.1	0.0	0.0
	296	4.6	5.5	5.6	270	28.2	62.1	4.3	161	−11.8	0.2	1.4
	2.6	0.5	1.5	1.4	2.8	−7.9	10.8	1.0	9.6	−17.3	0.2	0.4
	0.0	0.7	−0.0	0.0	−0.1	0.7	−0.4	−0.0	−0.0	−2.8	−0.1	−0.0
	2.6	1.2	1.5	1.4	2.7	−7.2	10.4	1.0	9.5	−20.0	0.1	0.4
	293	3.3	4.0	4.1	267	35.4	51.6	3.3	151	8.3	0.1	1.0
	293	3.3	4.0	4.1	267	35.4	51.6	3.3	151	8.3	0.1	1.0
	−158	4,890	−5,424	37.1	413	1,686	4,507	−4,436	3,865	−111	1,362	916
	135	4,893	−5,420	41.3	680	1,722	4,559	−4,433	4,016	−102	1,362	917
Per share
	₹256.61	₹2.91	₹3.50	₹3.60	₹233.70	₹30.90	₹45.20	₹2.90	₹132.30	₹7.20	₹0.10	₹0.88
	₹256.61	₹2.91	₹3.50	₹3.60	₹233.70	₹30.90	₹45.20	₹2.90	₹132.30	₹7.20	₹0.10	₹0.88
Revenue detail — as filed
	0.0	0.0	0.0	0.0	0.0	0.0	0.3	0.0	—	2.2	1.9	3.4
	290	0.0	0.0	0.0	263	22.8	0.0	0.0	—	0.0	0.0	0.0
	0.5	0.3	0.2	0.3	0.5	0.3	0.7	0.3	—	0.4	0.4	0.4
Other comprehensive income — detail
	−158	4,890	−5,424	37.1	413	1,686	4,507	−4,436	—	−111	1,362	916
	−158	4,890	−5,424	37.1	413	1,686	4,507	−4,436	3,865	−111	1,362	916
Per share — as-filed variants
	₹256.61	₹2.91	₹3.50	₹3.60	₹233.70	₹30.90	₹45.20	₹2.90	₹132.30	₹7.20	₹0.10	₹0.88
	₹256.61	₹2.91	₹3.50	₹3.60	₹233.70	₹30.90	₹45.20	₹2.90	₹132.30	₹7.20	₹0.10	₹0.88
Regulatory disclosures — filed alongside, not part of the P&L
	435	—	116	—	318	—	0.7	—	—	—	—	—
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	—	—	—	—	—	—	6.2	5.8	163	5.5	4.3	4.4
	—	—	—	—	—	—	93.4%	99.5%	99.7%	71.8%	83.8%	69.7%
Adjusted (ex-exceptional items) — derived
	296	4.6	5.5	5.6	270	28.2	4.4	4.3	161	2.3	0.2	1.4
	0.0	0.0	0.0	0.0	0.0	0.0	57.7	0.0	0.0	−14.1	0.0	0.0
	293	3.3	4.0	4.1	267	35.4	3.6	3.3	151	13.9	0.1	1.0
	₹256.61	₹2.91	₹3.50	₹3.60	₹233.70	₹30.90	₹3.18	₹2.90	₹132.30	₹12.11	₹0.10	₹0.88

Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

MAHSCOOTER₹11,615.00

Maharashtra Scooters Ltd.

· Banking & Finance

Annual Quarterly₹ CrorePeersBAJAJHLDNG KTKBANK JSFB PRUDENT INDIASHLTR PSB IIFLCAPS RELIGAREMcap ₹13,276 Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	6.4	5.2	7.7	163.2	5.8	6.7	29.3	271.0	6.4	6.0	5.4	297.4
Other Income	0.7	0.0	0.9	0.2	0.7	0.1	0.0	0.0	0.0	0.5	0.0	0.0
Total Income	7.1	5.2	8.6	163.4	6.5	6.8	29.3	271.0	6.4	6.5	5.4	297.4
Expenses
+ Cost of Materials Consumed	1.6	1.3	0.2	0.0	0.0	0.4	0.0	0.0	0.0	0.0	0.0	0.0
+ Changes in Inventories	0.4	-0.4	2.0	0.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
+ Employee Benefit Expense	1.9	2.2	2.4	0.3	0.2	0.1	0.2	0.1	0.2	0.2	0.2	0.2
+ Depreciation & Amortisation	0.5	0.5	0.5	0.5	0.5	0.5	0.0	0.0	0.0	0.0	0.0	0.0
+ Other Expenses	1.4	1.4	1.2	1.4	1.5	1.4	0.9	1.1	0.6	0.8	0.6	1.3
Total Expenses	5.7	5.0	6.3	2.7	2.2	2.4	1.1	1.2	0.9	1.1	0.9	1.5
EBITDA	1.2	0.7	2.0	161.0	4.1	4.8	28.2	269.8	5.6	5.0	4.6	295.9
EBIT	0.7	0.2	1.5	160.5	3.6	4.3	28.2	269.8	5.6	5.0	4.6	295.9
Profit
PBT before Exceptional Items	1.4	0.2	2.3	160.7	4.3	4.4	28.2	269.8	5.6	5.5	4.6	295.9
+ Exceptional Items	0.0	0.0	-14.1	0.0	0.0	57.7	0.0	0.0	0.0	0.0	0.0	0.0
Pretax Income	1.4	0.2	-11.8	160.7	4.3	62.1	28.2	269.8	5.6	5.5	4.6	295.9
+ Current Tax	0.4	0.2	-17.3	9.6	1.0	10.8	-7.9	2.8	1.4	1.5	0.5	2.6
+ Deferred Tax	-0.0	-0.1	-2.8	-0.0	-0.0	-0.4	0.7	-0.1	0.0	-0.0	0.7	0.0
Tax Expense	0.4	0.1	-20.0	9.5	1.0	10.4	-7.2	2.7	1.4	1.5	1.2	2.6
Net Income	1.0	0.1	8.3	151.2	3.3	51.6	35.4	267.1	4.1	4.0	3.3	293.3
+ Net Income — Continuing Ops	1.0	0.1	8.3	151.2	3.3	51.6	35.4	267.1	4.1	4.0	3.3	293.3
+ Other Comprehensive Income	916.3	1,362.2	-110.7	3,865.3	-4,435.8	4,507.3	1,686.5	413.0	37.1	-5,423.8	4,889.5	-158.2
Total Comprehensive Income	917.3	1,362.3	-102.4	4,016.5	-4,432.5	4,558.9	1,721.9	680.0	41.3	-5,419.8	4,892.9	135.1
Per Share
Basic EPS	0.88	0.10	7.20	132.30	2.90	45.20	30.90	233.70	3.60	3.50	2.91	256.61
Diluted EPS	0.88	0.10	7.20	132.30	2.90	45.20	30.90	233.70	3.60	3.50	2.91	256.61
Revenue Detail — as filed
+ Sale of Products	3.4	1.9	2.2	—	0.0	0.3	0.0	0.0	0.0	0.0	0.0	0.0
+ Dividend Income	0.0	0.0	0.0	—	0.0	0.0	22.8	263.3	0.0	0.0	0.0	289.8
+ Net Gain on Fair Value Changes	0.4	0.4	0.4	—	0.3	0.7	0.3	0.5	0.3	0.2	0.3	0.5
Other Comprehensive Income — detail
+ Other Comprehensive Income	916.3	1,362.2	-110.7	—	-4,435.8	4,507.3	1,686.5	413.0	37.1	-5,423.8	4,889.5	-158.2
+ Items NOT to be Reclassified to P&L	916.3	1,362.2	-110.7	3,865.3	-4,435.8	4,507.3	1,686.5	413.0	37.1	-5,423.8	4,889.5	-158.2
Per Share — as-filed variants
Basic EPS — Continuing Operations	0.88	0.10	7.20	132.30	2.90	45.20	30.90	233.70	3.60	3.50	2.91	256.61
Diluted EPS — Continuing Operations	0.88	0.10	7.20	132.30	2.90	45.20	30.90	233.70	3.60	3.50	2.91	256.61
Regulatory Disclosures — filed alongside, not part of the P&L
Related-party Transactions — During the Period	—	—	—	—	—	0.7	—	317.9	—	115.8	—	434.7
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	4.4	4.3	5.5	162.7	5.8	6.2	—	—	—	—	—	—
Gross Margin %	69.70	83.78	71.76	99.69	99.48	93.38	—	—	—	—	—	—
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	1.4	0.2	2.3	160.7	4.3	4.4	28.2	269.8	5.6	5.5	4.6	295.9
− Exceptional Items (reconciliation)	0.0	0.0	-14.1	0.0	0.0	57.7	0.0	0.0	0.0	0.0	0.0	0.0
Net Income Adj (tax-effected)	1.0	0.1	13.9	151.2	3.3	3.6	35.4	267.1	4.1	4.0	3.3	293.3
EPS Adj	0.88	0.10	12.11	132.30	2.90	3.18	30.90	233.70	3.60	3.50	2.91	256.61
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Interest Earned	2.6	2.9	5.1	—	5.5	5.7	6.2	7.3	6.2	5.8	5.1	7.1
Paid Up Equity Capital	11.4	11.4	11.4	11.4	11.4	11.4	11.4	11.4	11.4	11.4	11.4	11.4

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · StandaloneFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Maharashtra Scooters Q2 FY27 results (July–September 2026)

Filed with NSE on Thursday, 22 October 2026 at 11:23 am IST

Maharashtra Scooters (NSE: MAHSCOOTER) reported its Q2 FY27 results (July–September 2026) on Thursday, 22 October 2026 at 11:23 am IST. Consolidated net profit was ₹293 crore, up 9.8% from ₹267 crore in Q2 FY26. Revenue from operations was ₹297 crore, up 9.7% year on year.

Q2 FY26 results (a year earlier): 3 November 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹293 Cr+9.8% vs Q2 FY26profit ₹3.3 Cr in Q1 FY27
Revenue from operations: ₹297 Cr+9.7% vs Q2 FY26₹5.4 Cr in Q1 FY27
Operating margin (EBIT): 99.5%−0.1 pts vs Q2 FY26+15.4 pts vs Q1 FY27EBIT ₹296 Cr
EBITDA: ₹296 Cr+9.7% vs Q2 FY26₹4.6 Cr in Q1 FY27margin 99.5%
Earnings per share (basic): ₹256.61+9.8% vs Q2 FY26
Net profit margin: 98.6%+0.1 pts vs Q2 FY26+37.3 pts vs Q1 FY27

Questions

What was Maharashtra Scooters' net profit in Q2 FY27?

Consolidated net profit was ₹293 crore, up 9.8% from ₹267 crore in Q2 FY26.

What was Maharashtra Scooters' revenue in Q2 FY27?

Revenue from operations was ₹297 crore, up 9.7% year on year.

What was Maharashtra Scooters' EPS in Q2 FY27?

Basic earnings per share were ₹256.61, against ₹233.70 in Q2 FY26.

How were Maharashtra Scooters' Q2 FY27 results?

Both grew from a year earlier: net profit was up 9.8% at ₹293 crore and revenue was up 9.7% at ₹297 crore. The operating margin was 99.5%, down 0.1 percentage points from 99.5% a year earlier.

What was Maharashtra Scooters' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹296 crore, a margin of 99.5%, against 84.1% in Q1 FY27 and 99.5% in Q2 FY26. EBITDA was ₹296 crore, 99.5% of revenue.

What was Maharashtra Scooters' net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹297 crore, down 1.9% from ₹302 crore in the same months a year earlier. Revenue from operations was ₹303 crore, up 0.8%.

What is Maharashtra Scooters' net profit margin?

Maharashtra Scooters' net profit margin was 98.6% in Q2 FY27 (net profit as a share of revenue from operations), against 98.5% in Q2 FY26 (up 0.1 percentage points). For FY26 as a whole it was 99.3%.

What was Maharashtra Scooters' net profit in FY26?

Consolidated net profit was ₹311 crore in FY26 (April 2025–March 2026), up 44.9% from ₹214 crore in FY25. It was ₹199 crore in FY24 and ₹195 crore in FY23: up 59.0% over three years, 16.7% a year on average.

What was Maharashtra Scooters' revenue in FY26?

Revenue from operations was ₹313 crore in FY26 (April 2025–March 2026), up 70.6% from ₹183 crore in FY25. It was ₹223 crore in FY24 and ₹216 crore in FY23: up 44.6% over three years, 13.1% a year on average.

How has Maharashtra Scooters' profit changed over the last four quarters?

Net profit by quarter: ₹4.1 crore in Q3 FY26, ₹4 crore in Q4 FY26, ₹3.3 crore in Q1 FY27 and ₹293 crore in Q2 FY27. That is ₹305 crore over the four quarters, down 14.7% from ₹357 crore in the four quarters before. Revenue from operations: ₹6.4 crore, ₹6 crore, ₹5.4 crore and ₹297 crore.

When did Maharashtra Scooters announce its Q2 FY27 results?

On Thursday, 22 October 2026 at 11:23 am IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 3 November 2025.

When will Maharashtra Scooters announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Maharashtra Scooters figures come from?

From Maharashtra Scooters' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 22 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.