Maharashtra Scooters Surges 7% on Strong Q3 Earnings Beat
Overview
Maharashtra Scooters shares jumped 7% on Tuesday, January 13, driven by robust Q3 FY26 financial results. The company reported an 11.22% rise in revenue to ₹6.44 crore and a 24.84% increase in profit after tax to ₹4.12 crore year-on-year, despite a weak broader market. Expenses also saw a significant drop.
Stocks Mentioned
Maharashtra Scooters' shares rallied 7% on Tuesday, January 13, as the company unveiled its third-quarter financial results for FY26, showcasing significant year-on-year growth in revenue and profit. This surge occurred despite a general downturn in the broader market.
Q3 FY26 Financial Performance
The company reported a 11.22% year-on-year increase in its total revenue from operations, which reached ₹6.44 crore, up from ₹5.79 crore in the corresponding quarter of the previous fiscal year. Profit after tax (PAT) saw an even more substantial leap, soaring 24.84% to ₹4.12 crore, compared to ₹3.30 crore in Q3 FY25.
Expenses for the quarter were significantly curtailed, dropping 59.17% year-on-year to ₹0.89 crore from ₹2.18 crore. This combined performance highlights improved operational efficiency and cost management.
Market Reaction and Valuation
The positive financial disclosure propelled Maharashtra Scooters' stock to an intraday high of ₹13,859.60 on the BSE. While the stock later trimmed some gains, buying interest remained strong. As of mid-afternoon, shares were trading at ₹13,625.85, still marking a notable increase.
This performance stands in contrast to the broader market, with the BSE Sensex declining by 0.55%. The company's market capitalization stood at ₹15,572.40 crore on the BSE. Key valuation metrics include a price-to-earnings (P/E) ratio of 41.35 and earnings per share (EPS) of ₹313.41.
