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Informist, Tuesday, Jul. 21, 2026

 

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--Bajaj Auto Apr-Jun net profit INR 29.83 bln 
--Analysts saw Bajaj Auto Apr-Jun net profit at INR 27.87 bln 
--Bajaj Auto Apr-Jun revenue INR 172.44 bln 
--Analysts saw Bajaj Auto Apr-Jun revenue at INR 170.48 bln 
--Bajaj Auto Apr-Jun net profit INR 29.83 bln vs INR 20.96 bln year ago 
--Bajaj Auto Apr-Jun revenue INR 172.44 bln vs INR 125.84 bln year ago 
--Bajaj Auto Apr-Jun EBITDA INR 35.96 bln vs INR 24.82 bln year ago 
--Bajaj Auto Apr-Jun EBITDA margin 20.9% vs 19.7% year ago 
--Bajaj Auto: Surplus funds at INR 210 bln as on Jun 30 
--Bajaj Auto: Added about INR 23 bln free cash flow in Apr-Jun 
--Bajaj Auto: Green portfolio contributed 30% of Q1 India revenues 
--Bajaj Auto: Upcoming upgrades across 125-160 CC to add competitive edge 

 

By Arya S. Biju and Narayana Krishna

 

MUMBAI/HYDERABAD – Robust sales volume across segments and improved realisations on the back of a slight increase in the average selling price of vehicles drove Bajaj Auto Ltd.'s top line for the June quarter, which saw the highest on-year rise in 20 quarters. The sharp rise in the company's revenue helped limit the impact of higher raw material costs, leading to a jump in the net profit for the quarter, which also rose at its fastest pace in 20 quarters. 

 

The Rajiv Bajaj-led company's net profit for the reporting quarter jumped over 42% on year to INR 29.83 billion, beating analysts' expectation of INR 27.87 billion by a wide margin. Its revenue from operations for the quarter rose over 37% on year to INR 172.44 billion, also beating the INR-170.48-billion estimated by the Street. Sequentially, net profit grew nearly 9% and revenue grew around 8%.  

 

The company's earnings before interest, tax, depreciation and amortisation for June quarter were nearly INR 36 billion. EBITDA margin improved to 20.9%, up 110 basis points on year, as favorable currency movements, better product mix, operating leverage, and cost control measures more than offset the impact of elevated input costs, Bajaj Auto said in a press release.

The company reported a nearly 38% on-year rise in its raw material costs for the quarter at INR 111.58 billion. Total expenses rose 34.6% on year to INR 137.7 billion. The employee benefit costs for the quarter increased nearly 13% on year to INR 4.7 billion. Other expenses for the quarter were up by nearly 15% on year to INR 9.8 billion. Bajaj Auto reported a steep increase in its inventory value by over four times on year to INR 2.9 billion.

 

The company's revenue from domestic business maintained strong momentum, with the overall revenue growing 26% on year, led by a double-digit growth across both two-wheelers and three-wheelers. While internal combustion engine products sustained their growth trajectory, the electric portfolio-now contributing nearly 30% of domestic revenues -nearly doubled in sales on year. However, capacity constraints limited further upside, Bajaj Auto said.  

 

Bajaj Auto delivered a standout performance in its exports business, recording its highest-ever quarterly revenues and volumes. Volumes breached 700,000 for the first time. The company gained market share across key regions, with strong growth in Latin America, a sharp rebound in Africa led by a threefold sales increase in Nigeria. Exports of commercial vehicles rose about 70% on year despite logistical and geopolitical challenges in the West Asian and North Africa region.

In the domestic motorcycle segment, the company's revenue grew at a double-digit pace, driven by the sports segment, where retail sales expanded one and a half times compared with the industry. 

Key brands such as Pulsar, Avenger, and Dominar posted a double-digit growth, while the sports segment grew around 50%, supported by product interventions and market share gains, Bajaj Auto said. Upcoming upgrades in the 125–160 cubic centimetre segment are expected to strengthen the brand's positioning, the company said.

 

The KTM and Triumph brands continued their strong momentum, with their domestic revenues rising 60% on year, Bajaj Auto said. This growth was supported by the 350 cubic centimetre portfolio and new launches such as the Tracker 400, alongside network expansion of its dealership network to over 90 towns.  

 

Bajaj Auto said its commercial vehicle segment sustained leadership and growth for the June quarter, with revenues increasing 25% on year, driven by a rapid scale-up in its electric three-wheelers. The company maintained its leading position in the electric-three-wheeler vertical, where revenues rose around 80%, taking the business to nearly two-thirds the size of the internal combustion engine three-wheeler segment, Bajaj Auto said. The company also expanded capacity and strengthened its presence in the electric-rickshaw segment, which now spans 150 cities.

 

The Chetak electric scooter delivered record volumes, revenues, and profit, the company said. Demand for the Chetak continued to exceed supply, prompting ongoing capacity expansion to support future growth and international expansion.

The company maintained strong cash generation, with free cash flow of over INR 23 billion as of Jun. 30, Bajaj Auto said. The company said its balance sheet remained robust, with surplus funds exceeding INR 210 billion. This provides ample flexibility to invest in growth initiatives while delivering shareholder returns, the company said.

At 1422 IST, Bajaj Auto shares fell 1% from their previous close to INR 10,431 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

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