Maharashtra Scooters Shares Climb After Strong Q4 Earnings, Rs 60 Dividend Payout

Shares of Maharashtra Scooters Ltd reached an intraday high of 3 per cent in early trade on Wednesday, April 23 following a strong set of quarterly results and the announcement of a substantial dividend. The stock touched an intraday high of Rs 11,766 on the BSE, gaining as much as 2.89 per cent.

Maharashtra Scooters shares closed in the green, up 1.72 per cent, trading at Rs 11631 on the BSE, on April 23. Maharashtra Scooters enjoys a market capitalisation of Rs 13,292.57 crore.

The stock has gained close to 46 per cent over the past year, with notable momentum in recent months, up 22 per cent over the last three months, 14.5 per cent in the past month, and nearly 8 per cent just this week.

The sustained rally follows strong earnings momentum. In the third quarter of FY25, the company reported a 230 per cent increase in net profit, reaching Rs 3.30 crore, even as revenue slipped 9.1 per cent year-on-year to Rs 5.79 crore. Profit before tax climbed 208 per cent to Rs 4.31 crore, aided by a significant 61.5 per cent reduction in total expenses.

The trend intensified in the fourth quarter. On Wednesday, the company reported a staggering year-on-year profit increase of over 51,500 per cent, with net profit for the January–March period surging to Rs 51.63 crore from just Rs 10 lakh a year earlier. The results were powered by both increased revenue and strong gains booked during the quarter.

The record date to determine eligible shareholders for the dividend has been set for June 27. If approved at the company’s Annual General Meeting scheduled for July 23, the dividend will be disbursed around July 27 or 28.

The Bajaj Group-backed company reported a net profit of Rs 51.63 crore for the January–March quarter of FY25, a sharp jump from Rs 10 lakh in the same period last year. The surge was primarily driven by the exceptional income of Rs 57.68 crore recorded during the quarter.

Revenue from operations for the fourth quarter stood at Rs 6.65 crore, marking a year-on-year increase of 28.4 per cent from Rs 5.18 crore in Q4 FY24.

The board also declared a final dividend of Rs 60 per share for FY25. This includes a standard dividend of Rs 30 and an additional Rs 30 as a special payout, together amounting to 600 per cent of the face value of Rs 10 per share.