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Informist, Friday, Jan. 30, 2026

 

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--Bajaj Auto Oct-Dec net profit INR 25.03 bln
--Analysts saw Bajaj Auto Oct-Dec net profit at INR 26.33 bln
--Bajaj Auto Oct-Dec revenue INR 152.20 bln
--Analysts saw Bajaj Auto Oct-Dec revenue at INR 154.20 bln
--Bajaj Auto Oct-Dec net profit INR 25.03 bln vs INR 21.09 bln year ago
--Bajaj Auto Oct-Dec revenue INR 152.20 bln vs INR 128.07 bln year ago
--Bajaj Auto Oct-Dec labour codes implementation cost INR 613.2 mln
--Bajaj Auto Apr-Dec net profit INR 70.79 bln vs INR 61.02 bln year ago
--Bajaj Auto Apr-Dec revenue INR 427.27 bln vs INR 378.62 bln year ago
--Bajaj Auto Oct-Dec EBITDA INR 31.61 bln vs INR 25.81 bln year ago
--Bajaj Auto Oct-Dec EBITDA margin 20.8% vs 20.2% year ago
--Bajaj Auto: Surplus funds at INR 150 bln on Dec 31

 

By Anand JC

 

MUMBAI – The top line and bottom line of Bajaj Auto Ltd. hit quarterly record highs in the December quarter, driven by record high quarterly wholesale sales and a richer product mix. While the company's revenue and profit both grew in double digits year-on-year, they missed consensus estimates.

 

The company's net profit for the December quarter was INR 25.03 billion, up 19% on year and marginally higher on quarter. However, it was lower than analysts' expectation of a net profit of INR 26.33 billion.

 

Its revenue from operations for the December quarter grew 19% on year and nearly 2% on quarter to INR 152.20 billion. This, too, was below consensus estimates of INR 154.20 billion. Its top line topped INR 150 billion for the first time ever.

 

Its earnings before interest, tax, depreciation, and amortisation for the quarter grew 22% on year to INR 31.61 billion, in line with consensus estimates. Its EBITDA margin expanded 30 basis points on quarter to 20.8%. "Margins expanded +30 bps QoQ as currency tailwind and PLI (production-linked incentive scheme) benefits more than made up for the decision to absorb cost inflation during an upbeat season and the drag on margin arising from the highest ever quarterly sales of electric two wheelers," the company said in a press release. 

 

EXPENDITURE PROFILE

Growth in total expenses incurred by the company during the quarter kept pace with the growth in its top line and bottom line. Bajaj Auto's total expenses for the December quarter were INR 121.74 billion, up 18% on year and 1.5% on quarter.

 

Cost of raw materials and components consumed forms the bulk of Bajaj Auto's overall expenses. This expense grew 18% on year to INR 98.68 billion. However, its other expenses grew a rapid 37% on year to INR 9.81 billion. 

 

SALES PERFORMANCE

The company's retail sales in the December quarter hit a record high on the back of sharp in-market execution during the festive season, the company said. Its electric portfolio contributed to 25% of its domestic revenues, as it overtook last full year's revenue in the middle of the December quarter, the company said.

 

Bajaj Auto sold 1.13 million two-wheelers in the December quarter, up 7% on year, while commercial vehicle sales grew 23% on year to 208,869 units.

 

The company exported over 600,000 units in the reporting quarter, topping this level for the first time in 15 quarters. "Led by solid double-digit growth in Africa and Asia while LATAM (Latin America) continued its streak of market-leading performance to set another new benchmark," the company said. Retail sales of commercial vehicles, too, hit a record high, crossing the 100,000-units level for the tenth consecutive quarter. 

 

Bajaj Auto added INR 52 billion of free cash flow in Apr-Dec, up 70% on year. Surplus funds on its balance sheet was INR 150 billion, after the company distributed INR 58.64 billion as dividend and infused INR 23 billion into subsidiaries in the first nine months of 2025-26 (Apr-Mar). The fund infusion refers to its funding of KTM Austria transaction and ramping up of its financing business.  

 

For Apr-Dec, its net profit was INR 70.79 billion, up 16% on year. Its revenue during this period was INR 427.27 billion, up 13% on year. 

 

Bajaj Auto declared its December quarter financials after market hours. On Friday, its shares closed 0.9% higher on the National Stock Exchange at INR 9,597.50.  End

 

Edited by Tanima Banerjee

 

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