Q2 FY27 unaudited results approved; limited review finds no material misstatement
Board approved the unaudited results for the quarter and half year ended 30 September 2026 and took the statutory auditors' limited review report on record.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 29736 | 27102 | +9.7% | 541 | — |
| Total income | 29737 | 27102 | +9.7% | 541 | — |
| Profit before tax | 29588 | 26980 | +9.7% | 455 | — |
| Profit after tax | 29327 | 26707 | +9.8% | 332 | — |
| Total comprehensive income | 13510 | 68003 | −80.1% | 489285 | −97.2% |
| Basic EPS | 256.61 | 233.69 | +9.8% | 2.91 | — |
- Total income YoY
- +9.7%
- Period
- Quarter ended 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- In the previous financial year, the Company re-assessed provision for tax for year ended 31 March 2025 and wrote back provision for tax amounting ₹ 769 lakh (deduction under section 80M).
- Interim dividend of ₹ 160 per equity share (1600%) amounting to ₹ 18286 lakh, declared on 15 September 2026, liability created in these results; paid on 13 October 2026.
- As on 30 September 2026, the Company's book value is ₹ 28,360 per share.
- The Company is an unregistered core investment company operating in a single segment i.e. investments.
What the board approved
The board of Bajaj Nivesh Ltd (formerly Maharashtra Scooters Ltd) met on 22 October 2026 and approved the unaudited financial results for the quarter and half year ended 30 September 2026, together with the statutory auditors' limited review report. Both were approved and taken on record.
- The company describes itself as an unregistered core investment company that earns income through dividends, interest and gains on the investments it holds, and says its business falls in a single segment: investments.
- The statement covers the company's own single-segment results, presented in Rs. in lakh.
Profit and loss, as printed
- Total income: Rs. 29737 lakh for the quarter ended 30 September 2026 and Rs. 30278 lakh for the half year.
- Profit after tax: Rs. 29327 lakh for the quarter and Rs. 29659 lakh for the half year.
- Basic and diluted earnings per share: Rs. 256.61 for the quarter (not annualised).
- Income is mainly dividend and interest earned on the investment portfolio, while total expenses for the quarter are only a small fraction of income, which is typical of an investment-holding company.
Interim dividend
The notes to the results state that the board, at its meeting on 15 September 2026, declared an interim dividend of Rs. 160 per equity share, amounting to Rs. 18286 lakh. The matching liability has been created in these results and a separate bank account has been funded for it. The dividend was paid on 13 October 2026.
Balance sheet
- Book value as on 30 September 2026: Rs. 28,360 per share, as stated in the notes.
- Investments form the largest part of the asset side, and the company's equity is the main source of funds.
Auditor's review
- The limited review was performed by KKC & Associates LLP, Chartered Accountants.
- Conclusion: based on the review, nothing came to the auditors' attention that causes them to believe the statement has not disclosed the required information or that it contains any material misstatement.
- A limited review is narrower than a full audit: it relies mainly on inquiries and analytical procedures and gives less assurance than an audit opinion. The results remain unaudited.
Reading it simply
- For a company like this, profit is driven mainly by dividends, interest and gains on the investments it holds — that is the business it describes.
- Fair value changes on equity investments are shown under other comprehensive income, separately from profit after tax, so those two lines can move differently in the same period.
- The shareholding and portfolio size mean the reported numbers say more about the value of the investments held than about any operating activity.
Also from Maharashtra Scooters
Object Clause altered: scooter manufacturing objects deleted, investment business made the principal object
19 Oct 2026
Company name changed from Maharashtra Scooters Ltd to Bajaj Nivesh Limited w.e.f. 16 October 2026
16 Oct 2026
Board meeting on 22 October 2026 to consider and approve unaudited results for quarter and half year ended 30 September 2026
5 Oct 2026
More numbers
- Total income – quarter ended 30.09.202629737 (₹ In Lakh)
- Profit after tax – quarter ended 30.09.202629327 (₹ In Lakh)
- Total income – half year ended 30.09.202630278 (₹ In Lakh)
- Profit after tax – half year ended 30.09.202629659 (₹ In Lakh)
- Interim dividend per equity share₹ 160 per equity share
- Interim dividend amount₹ 18286 lakh
- Book value per share as on 30.09.2026₹ 28,360 per share
- Total income, latest quarter29737 (₹ In Lakh)
- Total income, year-ago quarter27102 (₹ In Lakh)
- Total income, previous quarter541 (₹ In Lakh)
- Total comprehensive income, latest quarter13510 (₹ In Lakh)
- Total comprehensive income, year-ago quarter68003 (₹ In Lakh)
- Total comprehensive income, previous quarter489285 (₹ In Lakh)
- Profit after tax, latest quarter29327 (₹ In Lakh)
- Profit after tax, year-ago quarter26707 (₹ In Lakh)
- Profit after tax, previous quarter332 (₹ In Lakh)
- Revenue from operations, latest quarter29736 (₹ In Lakh)
- Revenue from operations, year-ago quarter27102 (₹ In Lakh)
- Revenue from operations, previous quarter541 (₹ In Lakh)
- Profit before tax, latest quarter29588 (₹ In Lakh)
- Profit before tax, year-ago quarter26980 (₹ In Lakh)
- Profit before tax, previous quarter455 (₹ In Lakh)
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