Maharashtra Scooters on Wednesday reported a massive jump in fourth-quarter profit to Rs 51.63 crore from just Rs 10 lakh a year earlier – a year-on-year (YoY) surge of over 51,530% – driven by a rise in revenue and supported by strong financial performance.
The company also declared a final and special dividend of Rs 30 per share each for the financial year ended March 2025.
Revenue from operations for the fourth quarter ended March 2025 climbed 28.4% year-on-year to Rs 665 lakh from Rs 518 lakh in the same quarter last year.
Shares of Maharashtra Scooters rose nearly 3% on Wednesday to Rs 11,766 on the BSE. The stock has rallied 46% over the past year, 22% in the last three months, 14.5% over the past month, and nearly 8% in the past week.
The stock is currently trading above all eight of its key simple moving averages, including the 50-day, 100-day, 150-day, and 200-day levels. The 14-day Relative Strength Index (RSI) stands at 66.2, indicating bullish momentum while still below the overbought threshold.
In Q3 FY25, the company’s net profit had surged 230% to Rs 3.30 crore, even as revenue slipped 9.11% YoY to Rs 5.79 crore. Profit before tax rose 207.86% to Rs 4.31 crore, aided by a sharp 61.55% drop in total expenses.
Maharashtra Scooters manufactures dies, jigs, fixtures, and die casting components, primarily for the automobile sector.
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( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The company also declared a final and special dividend of Rs 30 per share each for the financial year ended March 2025.
Revenue from operations for the fourth quarter ended March 2025 climbed 28.4% year-on-year to Rs 665 lakh from Rs 518 lakh in the same quarter last year.
Shares of Maharashtra Scooters rose nearly 3% on Wednesday to Rs 11,766 on the BSE. The stock has rallied 46% over the past year, 22% in the last three months, 14.5% over the past month, and nearly 8% in the past week.
The stock is currently trading above all eight of its key simple moving averages, including the 50-day, 100-day, 150-day, and 200-day levels. The 14-day Relative Strength Index (RSI) stands at 66.2, indicating bullish momentum while still below the overbought threshold.
In Q3 FY25, the company’s net profit had surged 230% to Rs 3.30 crore, even as revenue slipped 9.11% YoY to Rs 5.79 crore. Profit before tax rose 207.86% to Rs 4.31 crore, aided by a sharp 61.55% drop in total expenses.
Maharashtra Scooters manufactures dies, jigs, fixtures, and die casting components, primarily for the automobile sector.
Also read | HCL Tech jumps 6% as Q4 earnings meet expectations: Buy, sell or hold?
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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