Maharashtra Scooters has reported results for third quarter ended December 31, 2013.
The company has reported 13.83% fall in its net profit at Rs 1.37 crore for the quarter as compared to Rs 1.59 crore for the same quarter in the previous year. Total income of the company has decreased by 22.56% at Rs 4.05 crore for quarter under review as compared to Rs 5.23 crore for the quarter ended December 31, 2012.
Maharashtra Scooters (MSL) was incorporated on June 11, 1975. It holds 3.35% stake in Bajaj Auto in addition to 4.88% stake in Bajaj Auto Finance. It is a joint sector enterprise promoted by Western Maharashtra Development Corporation (27%) and Bajaj Auto (24%).
