Bajaj Auto Q4 Results: Profit, Revenue Rise 6% On Exports Revival
Final dividend of Rs 210 per share declared for FY25.
Bajaj Auto Ltd. has capped a record-setting fiscal with a lacklustre fourth quarter, even as it readies for a future as a legit global two-wheeler maker.
Standalone net profit of the Pulsar maker rose nearly 6% year-on-year to Rs 2,050 crore in the three months ended March 31, 2025, on the back of revenue that increased about 6% to Rs 12,150 crore, according to an exchange filing on Thursday. Analysts polled by Bloomberg had estimated the topline at Rs 12,113 crore and the bottomline at Rs 2,013 crore.
Bajaj Auto Q4 FY25 (Standalone, YoY)
Revenue up 5.8% at Rs 12,148 crore (Estimate: Rs 12,113.02 crore)
Ebitda up 6.3% at Rs 2,451 crore (Estimate: Rs 2,434.14 crore)
Margin expands 20 basis points to 20.2% (Estimate: 20.1%)
Net profit up 5.8% at Rs 2,049 crore (Estimate: Rs 2,013.12 crore)
Final dividend of Rs 210/share declared for FY25
Free cash flow of Rs 6,500 crore generated in FY25
One basis point is one-hundredth of a percentage point.
The quarterly performance was driven by a revival in exports—up 20% year-on-year—even as domestic volumes remained subdued during January-March 2025. Revenue missed the double-digit growth due to temporary suspension of KTM exports. Still, this was the sixth straight quarter of 20%+ Ebitda margins.
For the full year, standalone net profit rose 8.99% year-on-year to Rs 8,151.42 crore on the back of revenue that increased 11.91% to cross the Rs 50,000-crore mark for the first time.
At Rs 10,101 crore, earnings before interest, tax, depreciation and amortisation was at an all-time high as well. The Ebitda margin held steady at 20.2% despite doubling of electric vehicle sales.
Key Highlights For FY25
At Rs 5,500 crore, the EV business accounted for a fifth of India revenue, which itself grew 12% year-on-year to a record high.
Exports saw a rebound to double-digit volume and revenue growth on the back of strong business in Latin America and Mexico.
KTM and Triumph clocked a total of 1 lakh units—another first. Chetak volumes more than doubled.
Cash surplus stood at Rs 17,000 crore in FY25 after capex (Rs 700 crore), dividend (Rs 2,200 crore) and KTM-related investments (Rs 3,100 crore).
Now, Bajaj Auto aims to grow by a quarter in FY26.
"We are eyeing 15-20% sequential growth in FY26 on the back of a revival in exports," said Rakesh Sharma, executive director at Bajaj Auto, said during a post-earnings conference call. "KTM exports, which had collapsed in FY25, should return by Q2 FY26."
On Thursday, Bajaj Auto shares closed 0.47% higher at Rs 8,890 apiece on the BSE even as the benchmark S&P BSE Sensex ended the day 0.39% higher at 81,633.02 points. The quarterly results were declared after market hours.
