Maharashtra Scooters net declines marginally - Views on News from Equitymaster

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Maharashtra Scooters net declines marginally

Oct 19, 1999

The company was affected by the persisting decline in scooter demand. Although sales fell and net profit fell by 17% and 3% respectively, net profit margin improved on the back of a 16% decline in expenditure.

(Rs m) 2QFY2000 2QFY1999 Change
Net Sales 637 767 -17.0%
Other Income 77 70 10.9%
Expenditure 615 730 -15.7%
Interest 0.2 0.1 100.0%
Depreciation 5 4 33.3%
Profit before Tax 94 103 -8.7%
Tax 21 28 -25.0%
Profit after Tax 73 75 -2.5%
Net profit margin 11.4% 9.7%  

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