Bajaj Auto Q1 Results: Strong operating performance driven by exports; profit up 42%

Bajaj Auto Ltd. reported a strong set of earnings for the first quarter of FY27, with double-digit growth in revenue, profit and operating performance.

For the June quarter, net profit surged 42% year-on-year to ₹2,983 crore, compared with ₹2,096 crore in the corresponding period last year.

Revenue from operations rose 37% to ₹17,244 crore from ₹12,585 crore, aided by healthy domestic and export volumes.

Operating performance remained robust, with EBITDA increasing 45% year-on-year to ₹3,596 crore from ₹2,482 crore. The EBITDA margin expanded to 20.9%, compared with 19.7% a year ago, supported by a favourable product mix, export growth and rupee depreciation.

During the quarter, volumes grew 29% year-on-year and 5% sequentially, while average selling prices (ASP) increased 11% year-on-year and 8% quarter-on-quarter.

The company said its exports delivered their strongest-ever quarterly performance, while the domestic motorcycle business recorded double-digit revenue growth. Revenue from operations also touched an all-time high, driven by record quarterly volumes and improved realisations.

Looking ahead, Bajaj Auto said upcoming upgrades across its 125cc-160cc motorcycle portfolio are expected to strengthen its competitive position in the domestic market.

Following the earnings announcement, Bajaj Auto shares were trading about 1% lower at ₹10,417. Despite Tuesday's decline, the stock has gained 9% so far this year.