Bajaj Auto's Q4 net profit declines 10% to ₹1,802 crore

Time of India

2 days ago

Bajaj Auto reported a 10% year-on-year decline in its consolidated net profit for the quarter ended 31 March 2025. The profit stood at ₹1,802 crore compared to ₹2,011 crore in the same period last year. On a sequential basis, profit after tax fell 18% from ₹2,196 crore in Q3FY25.
Despite the drop in profit, revenue from operations grew by 9% to ₹12,646 crore, up from ₹11,555 crore a year ago. However, it was 4% lower than the ₹13,169 crore recorded in the previous quarter.
The company's board has recommended a dividend of ₹210 per share for the financial year ended 31 March 2025. Subject to shareholder approval, the dividend is expected to be credited on or around 8 August 2025.
Segment performance
On a standalone basis, Bajaj Auto reported a 6% increase in net profit to ₹2,049 crore, up from ₹1,936 crore in Q4FY24. Standalone revenue also rose 6% year-on-year to ₹12,148 crore.
The company attributed its revenue growth to strong sales of premium motorcycles, electric scooters, and commercial vehicles, along with robust export volumes. It noted that revenue growth was partially impacted by the temporary suspension of KTM exports.
EBITDA and margins
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 6% year-on-year to ₹2,451 crore. EBITDA margin stood at 20.2%, a marginal increase from 20.1% in the year-ago period. The company said the improvement in margin was supported by favourable currency movements and cost reductions on its new Chetak electric platform.
Domestic sales decline, exports surge
Domestic sales volumes for the quarter were down 7% year-on-year at 6,13,248 units, compared to 6,57,330 units in Q4FY24. On a sequential basis, domestic volumes fell 13%. Two-wheeler sales totalled 5,01,096 units, while commercial vehicles accounted for 1,12,152 units.
In contrast, export volumes rose 19% year-on-year to 4,89,686 units, up from 4,11,246 units. Bajaj Auto said exports delivered solid performance, helping offset some of the domestic shortfall.
The company described FY25 as a record year in terms of revenue and profit, supported by stable ICE performance and rapid expansion in electric mobility. It highlighted strong results from the 125cc+ motorcycle segment, particularly the Pulsar range, which crossed ₹10,000 crore in domestic revenue and ₹15,000 crore globally.
Bajaj Auto also reported that KTM and Triumph together sold over one lakh units domestically, reflecting the success of its expanded premium portfolio. The recent refresh of the Duke 200/250 and the launch of the new Adventure 390 helped sustain momentum.