Bajaj Auto Q3 Results: Firm Reports Standalone PAT Jump Of 3% YoY

On a standalone basis, Bajaj Auto reported a 6 per cent YoY increase in revenue to Rs 12,807 crore, driven by strong exports, a solid domestic green energy portfolio, and record spare sales

Ahead of its Q3 results, Bajaj Auto shares closed with modest gains at Rs 8,411.25 on the NSE, rising by 0.32 per cent

Source : Bajaj Auto

Bajaj Auto Ltd reported an 8 per cent year-on-year (YoY) increase in consolidated net profit for the third quarter of the financial year 2024-25, reaching Rs 2,196 crore. The company’s consolidated revenue from operations rose 8 per cent YoY to Rs 13,169 crore.

On a standalone basis, Bajaj Auto reported a 6 per cent YoY increase in revenue to Rs 12,807 crore, driven by strong exports, a solid domestic green energy portfolio, and record spare sales, according to the company’s statement. Standalone profit after tax (PAT) grew 3 per cent YoY to Rs 2,109 crore.

Domestic retail volumes during the festive season reached an all-time high, although billed volumes were adjusted to normalize the channel inventory built up in the previous quarter. Exports also experienced a broad-based recovery, with volumes exceeding 500,000 units for the first time in nine quarters.

Standalone EBITDA increased 6 per cent YoY to Rs 2,581 crore, while the EBITDA margin remained stable at 20.2 per cent, reflecting a 10 basis point improvement from the previous year. This growth was driven by favourable foreign exchange realizations, effective cost management, and strategic pricing decisions, which helped offset substantial investments in key priorities, the company stated.

Ahead of its Q3 results, Bajaj Auto shares closed with modest gains at Rs 8,411.25 on the NSE, rising by 0.32 per cent.

Bajaj Auto's domestic business was strengthened by its green energy portfolio, which now contributes 45 per cent of revenues, up from 30 per cent during the same period last year. The electric vehicle (EV) segment delivered around 100,000 units in the quarter. The company has doubled its market share in the electric two-wheeler (e2W) sector and tripled it in the electric three-wheeler (e3W) category compared to the previous year. This segment also reported a marginally positive EBITDA, reversing the losses of the prior year. 

Bajaj Auto’s flagship electric scooter, the Chetak, continued to gain momentum, with volumes increasing 2.5 times YoY and market share rising to 25 per cent. In the two-wheeler segment, motorcycles with engine capacities of 125cc and above achieved record quarterly retail volumes, driven by the festive season.