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.
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