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Informist, Thursday, May 29, 2025

By Narayana Krishna

HYDERABAD – Bajaj Auto Ltd. on Thursday reported a 6% on-year growth in its net profit to INR 20.5 billion for the March quarter, slightly above analysts' estimates. The automobile major's net profit growth was better than December quarter, but weak when compared to the earlier six quarters. Analysts had estimated Bajaj Auto's net profit at INR 20.18 billion.

The Pune-based two-wheeler and three-wheeler makers' revenue from operations for the latest quarter was up by nearly 6% on year to INR 121.48 billion, better than the estimates. Analysts saw Bajaj Auto March quarter revenue at INR 119.4 billion. The revenue growth is aided by other operating income of INR 4.5 billion, which is nearly 48% higher than the year-ago period. The other income up by over 9% on year to INR 3.8 billion. Sequentially, the company's net profit was down by nearly 3% and revenue down by 5%.

Bajaj Auto reported a 10-basis-point improvement in its March quarter earnings before interest, tax, depreciation and amortisation margins at 20.20%, while its EBITDA was at INR 24.51 billion against INR 23.07 billion a year ago.

The company added free cash flow of INR 65 billion in 2024-25 (Apr-Mar), while total surplus fund was INR 170 billion as on Mar. 31.

Bajaj Auto said March quarter revenue growth was led by double-digit growth in premium motorcycles, electric scooters and commercial vehicles and volume-led exports. However, the growth was affected due to the temporary suspension of luxury bike KTM exports, the company said in a press release. Bajaj Auto said domestic motorcycles market was relatively subdued, and the company has taken several steps like pricing actions to restore growth momentum and market share. 

The company's electric three-wheeler reported double-digit growth in commercial vehicles segment, led by the newly launched Bajaj GoGo brand vehicle, the company said. Its electric scooter Chetak also gained significant market share in its category, Bajaj Auto said.

The company's exports volumes increased by 20% on year. led by increased demand from Latin America, Africa and Asia during the quarter, the company said. The benefit of currency appreciation was offset by suspension of KTM exports, the company said. 

Bajaj Auto said EBITDA margins were maintained at over 20% for the past six consecutive quarters. The company has taken initiatives like reducing the cost related to Chetak and controlling the discretionary spending on branding, while favourable currency is also another reason. Bajaj Auto reported a 5.7% rise in its total expenses for the quarter to INR 98.25 billion. 

For 2024-25 (Apr-Mar), Bajaj Auto reported a net profit of INR 81.51 billion, up nearly 9% on year, while its revenue from operations for the full year was up by nearly 12% on year to INR 500.10 billion. The company's board today approved to pay a dividend of INR 210 per share.

Thursday, Bajaj Auto shares closed 0.2% higher at INR 8,874.50 on the National Stock Exchange. The company declared its results after market hours. End

Edited by Deepshikha Bhardwaj

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