Bajaj Auto Ltd. reported a 5.9% year-on-year rise in net profit to ₹2,049.3 crore for the March quarter, ahead of CNBC-TV18’s poll estimate of ₹2,002 crore on Thursday, May 29,.
Revenue for the quarter rose 5.8% to ₹12,148 crore from ₹11,485 crore last year, also beating expectations. Analysts had projected revenue of ₹11,995 crore.
The company’s EBITDA for the quarter stood at ₹2,450.6 crore, up 6.2% from ₹2,306 crore a year ago and higher than the estimated ₹2,406 crore. EBITDA margin improved marginally to 20.17% compared to 20.10% in the same period last year.
The company had earlier reported a 4% increase in volumes during the quarter, driven by strong export growth, even as volumes declined sequentially by 10%.
Bajaj Auto’s board recommended a final dividend of ₹210 per share (2,100%) for FY25, subject to shareholder approval. The dividend, if declared, will be paid on or around 8 August 2025 to shareholders on record as of 20 June.
Commercial vehicle revenue continued to register double-digit growth, largely driven by electric three-wheelers (e3Ws). A notable highlight was the launch of ‘Bajaj GoGo’—a new brand designed for extended range, low maintenance, and enhanced earnings for drivers. The product aims to set new benchmarks in the e3W segment, combining Bajaj’s reliability with a better ownership experience.
In the electric two-wheeler segment, Chetak maintained its lead during the quarter. The newly launched 35 series, which is being introduced in phases, accounted for 60% of total sales. This drove a twofold jump in volumes year-on-year and pushed the exit market share to 27%, up 1,400 basis points.
Exports recorded a 20% year-on-year growth in volumes, with broad-based recovery across Latin America, Africa, and Asia. However, overall revenue from exports was partly impacted by the suspension of KTM shipments due to ongoing restructuring proceedings and associated receivables risk.
Also Read: SEBI order traces 15-month delay in IndusInd Bank’s derivatives disclosure: Full Timeline of Events
The premium motorcycle segment, comprising KTM and Triumph brands, continued to gain momentum in the domestic market. Triumph volumes doubled to a record ~12,000 units during the quarter.
Shares of Bajaj Auto ended 0.47% higher at ₹8,890 apiece on Wednesday. The stock has gained nearly 10% over the past month.
(Edited by : Sheersh Kapoor)
First Published: May 29, 2025 8:53 AM IST