Bajaj Auto Beats Estimates, Profit Up 6% to ₹2,049 Crore

BAJAJ AUTO on Thursday posted a 6% year-on-year increase in standalone net profit for the January-March quarter at ₹2,049.3 crore, marginally above Bloomberg's consensus estimate of ₹2,013.1 crore.

- GEETA NAIR

Revenues from operations also rose 6% year-on-year to ₹12,148 crore, exceeding the Bloomberg forecast of ₹12,113 crore.

The company reported an EBITDA of ₹2,451 crore for the quarter, reflecting a 6% increase, while the EBITDA margin expanded by 10 basis points to 20.2%. For the full year, Bajaj Auto crossed the ₹50,000-crore revenue milestone for the first time, with margins consistently above 20%.

The company's performance was buoyed by a sharp recovery in exports, which grew 20% year-on-year. Growth was also seen across premium motorcycles, electric scooters, and electric commercial vehicles. However, the suspension of KTM exports during the quarter prevented overall revenues from achieving a double-digit growth.