Bajaj Auto Q1 Results: Realisations improve, 125cc+ market share increases; stock recovers

Shares of Bajaj Auto Ltd., the two and three-wheeler manufacturer reported results for the June quarter, that were marginally better against the already muted expectations.

Net profit for the period increased by 5.4% from the same quarter last year to ₹2,096 crore, while a CNBC-TV18 poll was working with an estimate of ₹2,019 crore.

Revenue during the June quarter increased by 5.5% from the year-ago period to ₹12,584 crore, higher than the CNBC-TV18 poll of ₹12,218 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹2,481 crore, which is marginally higher than the ₹2,413 crore estimate, and 2.7% higher on a year-on-year basis.

On expected lines, margins narrowed by 60 basis points to 19.7% from 20.3% last year, which was in-line with expectations of 19.7% as well. Margins have declined below the 20% mark after several quarters.

On a sequential basis, margins were down 50 basis points due to lower US Dollar realisations during the quarter. Improved product mix and operating leverage offset the impact of higher commodity inflation.

For the quarter, Bajaj Auto's volumes increased by 1% from last year as well as on a sequential basis.

Realisations increased by 4% from the same quarter last year and improved by 3% on a sequential basis.

Electric Vehicles now contribute over 20% of Bajaj Auto's overall portfolio, compared to the early teens contribution seen during the same quarter last year.

The company's Africa, Latin America and Asia business has seen broad-based double-digit volume growth, according to a statement. Middle East and North Africa though remained muted due to the geopolitical challenges.

Bajaj Auto also highlighted that it has seen an increase in its market share in the 125cc+ segment, and that the KTM+ Triumph has billed over 25,000 bikes in the domestic market, a growth of 20% from last year.

Shares of Bajaj Auto have reversed post-result gains, currently trading 1.2% lower at ₹8,135. The stock is down 7% so far in 2025.