Revenue from operations rose 32% from a year earlier at ₹16,006 crore in the three months ended March 31. Ebitda jumped 36% at ₹3,323 crore, with margins at 20.8%.
Total vehicle dispatches climbed 24% to 1.37 million units, with domestic motorcycles posting a milestone quarter on the back of product launches in the Pulsar N and NS series. The KTM-Triumph portfolio sustained its strong run with more than 40% growth, while the Chetak brand crossed the 100,000-unit retail milestone in a single quarter for the first time.
Exports exceeded 600,000 units for the quarter, with revenues growing over 30% year-on-year.
Rakesh Sharma, executive director, however, forecast that industry growth in motorcycles will ease in the coming months as increase in fuel and vehicle prices is likely to weigh on consumer sentiment and sales.
“We have already seen signs of sales moderation in the month of April,” Sharma said in a post-earnings media call, referring to the 9% growth in April compared to 20% in the March quarter.
However, he expects the “softness in demand” to impact the “bottom half” (100-125cc) of the market more than the “top half” (150ccc and above). Since Bajaj Auto draws bulk of its sales from the top half, the moderation is unlikely to impact the company, he said. Also, a weaker rupee and strong exports will keep the automaker in good stead, according to Sharma.For the full year ended March 31, revenue from operations rose 17% to an all-time high of ₹58,732 crore. Net profit grew 21% to ₹9,825 crore. Ebitda rose 19% to ₹12,019 crore, with margins improving 30 basis points to 20.5%. Total volumes for the year crossed five million units — up 10%, scaling a new record, surpassing the company’s previous peak in FY19. The full-year performance was driven by strength across domestic and export markets alike, said Sharma.
Commercial vehicle volumes crossed 500,000 units for the first time, exports exceeded two million units, and Chetak revenues topped ₹4,000 crore.
In a separate filing, the company said it has redesignated Sharma as joint managing director with effect from 1 June for a period of 3 years till 2029 subject to shareholders’ approval.
The board recommended a final dividend of ₹150 per share and approved a buyback of up to 4.69 million shares at ₹12,000 each, aggregating ₹5,633 crore — together representing a 100% payout of the full year’s profit after tax.
Bajaj Auto shares closed at Rs 10,314.60 apiece, up 2.7% on the BSE. The benchmark Sensex closed 1.2% higher.
