Wednesday, July 13, 2011

Maharashtra Scooters Limited = Q1 FY 2012 (JUNE 2011) = RESULTS


Maharashtra Scooters Limited

NSE Symbol             MAHSCOOTER

Maharashtra Scooters Ltd has declared results for the first quarter ending June 2011.

Maharashtra Scooters Ltd is  a Company with 24% equity participation by the Bajaj Auto Ltd and 27% participation from Maharashtra State Government's Western Maharashtra Development Corp. It was formed in the year 1975 under the "Horizontal transfer of technology" policy.

The first production unit is located at Satara, Maharashtra. The unit continues to collect scooters from CKDs supplied by the Company. These scooters are marketed through the Company's distribution network and under the Company's brand name.

QTRLY RESULTS TABLE (Amts in Lakhs-Rs)

MAH SCOOTERS
Q1 FY 12
Q4FY11
Q3FY11
Q2FY11
Q1FY11
Net Sales
103
169
178
136
137
Other Operating Income
3
10
-
1
6
Increase in SIT / WIP
-3
2
32
-25
-4
Raw Materials
38
73
58
72
59
Employees Cost
427
390
364
355
349
Depreciation
24
25
25
25
26
Other Expenditure
56
42
48
41
39
Total Expenditure
542
532
527
468
469
Profit from Operations
-436
-353
-349
-331
-326
Other Income5
238
260
251
2746
215
Exceptional Items
540
-
-
-
-
Profit before tax
-738
-93
-98
2415
-111
Tax expense
-
-60
-
-
-
Net Profit
-738
-33
-98
2415
-111
Dividend (%)
-
90
-
-
-
Face Value (In Rs
10
10
10
10
10
Paid Up Equity
1143
1143
1143
1143
1143
Basic EPS
-6.46
-0.29
-0.86
21.13
-0.97
Public holding (%)
49
49
49
49
49

ANNOUNCEMENTS TO NSE

06-06-2011      Maharashtra Scooters Limited has informed the Exchange that the Company has announced a Voluntary Retirement Scheme for the permanent daily rated workmen employed in the scooter manufacturing unit of the Company, operative during the period from June 06, 2011 to June 27, 2011.

26-05-2011      Maharashtra Scooters Limited has informed the Exchange that the Register of Members and Share Transfer Books shall remain closed from July 01, 2011 to July 12, 2011 (Both days inclusive) for the purposes of Annual General Meeting Scheduled to be held on July 12, 2011 and payment of Dividend for the year ended March 31, 2011. The payment of dividend on shares , if approved at the Annual General Meeting would be made on and between July 16, 2011 to April 19, 2011.

16-05-2011      Maharashtra Scooters Limited has informed the Exchange that the Board of Directors at their meeting held on May 16, 2011, recommended a Dividend of Rs. 9.00 per share (90%) subject to the approval of shareholders. -

05-05-2011      Maharashtra Scooters Limited has informed the Exchange that: " The Company on 4th May 2011 has entered into a fresh wage agreement with the Company's recognised Union - Maharashtra Scooters Kamgar Union Satara for a period of 5 years starting from 1st April, 2011".


* * *   E N D   * * *

No comments:

Post a Comment