Maharashtra Scooters declares ₹160 interim dividend as Q1 profit, revenue slump
Bajaj Holdings subsidiary Maharashtra Scooters has declared a ₹160-per-share interim dividend for FY27. Shareholders on record on September 21, 2026 will be eligible, with payment due by October 12. Q1 FY27 net profit fell 91% year-on-year to ₹3.32 crore as revenue declined more than 80% to ₹5.41 crore.
What happened
Bajaj Holdings subsidiary Maharashtra Scooters declared its first FY27 interim dividend of Rs 160 per share. Shareholders on record by September 21, 2026 are
Key facts
- Rs 160 per share
- Rs 10 face value per share
- Record date: September 21, 2026
- Payment by: October 12, 2026
- Q1 FY27 net profit: Rs 3.32 crore
What changed
Bajaj Holdings subsidiary Maharashtra Scooters declared its first FY27 interim dividend of Rs 160 per share. Shareholders on record by September 21, 2026 are eligible, with payment due by October 12. Q1 FY27 profit and revenue fell sharply year-on-year.
Why this matters
Maharashtra Scooters’ 80%+ revenue decline and 91% profit drop signal a sharply contracting operating base despite the sizeable interim dividend.
What to watch
- Ex-dividend price behavior after the September 21, 2026 record date and completion of payment by October 12.
- Management commentary or filings explaining whether the Q1 decline was one-off, seasonal, structural, or related to changes in income recognition.
- Quarterly changes in dividend income, interest income, investment gains, cash balances, and reserves.
- Performance and dividend actions of key underlying Bajaj-group investments, which can influence Maharashtra Scooters' distributable cash.
- Any reduction in future dividend guidance, change in payout pattern, or signs that distributions exceed recurring cash generation.