Pune, January 28, 2025—Bajaj Auto Limited (NSE: BAJAJ-AUTO, BSE: 532977) reported ₹2,108.73 crore in net profit for Q3 FY25, reflecting a 3% year-on-year (YoY) increase. Revenue grew 6% YoY to ₹12,807 crore. The company's strong performance was driven by robust exports, expansion in electric vehicles, and sustained growth in the premium motorcycle and three-wheeler segments.
Key Financial Highlights – Q3 FY25 (Standalone)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹12,807 crore | ₹12,114 crore | +6% |
| Total Income | ₹13,141.55 crore | ₹12,459.62 crore | +5.5% |
| EBITDA | ₹2,581 crore | ₹2,430 crore | +6.2% |
| EBITDA Margin | 20.2% | 20.1% | +10 bps |
| Net Profit (PAT) | ₹2,108.73 crore | ₹2,041.88 crore | +3% |
| Earnings Per Share (EPS) | ₹75.5 | ₹72.2 | +4.6% |
- Revenue: ₹37,862 crore (+14% YoY).
- Net Profit: ₹6,102 crore (+10% YoY).
Business Performance & Key Growth Drivers
1. Strong Export Recovery & Market Expansion
- Exports rebounded to over 5 lakh units, significantly recovering after nine quarters.
- Latin America and Africa contributed the most to export growth, with volumes rising 22% YoY.
- Nigeria, a key market, recorded a strong comeback with over 1 lakh units sold.
2. Premium Motorcycle Growth
- Highest-ever quarterly retail sales in the 125cc+ segment, aided by festive demand.
- Triumph and KTM delivered record retail volumes, with the Speed 400 model performing well.
- Bajaj expanded KTM’s India portfolio with 10 high-performance bikes up to 1,390cc.
3. Electric Vehicle (EV) Growth & Market Leadership
- Electric two-wheeler (e2W) and three-wheeler (e3W) sales surged 5x YoY.
- Chetak EV sales rose 2.5x YoY, with market share increasing to 25%.
- Launched ‘Best Chetak Yet’ with an all-new 35-series platform, offering higher range, advanced tech, and faster charging.
4. Commercial Vehicle (CV) Sales at Record High
- Q3 CV retail sales were the highest ever in Bajaj Auto’s history.
- Expanded EV three-wheeler network from 600 to 850 touchpoints, reinforcing leadership in the segment.
Buyback Program Completion
- ₹4,000 crore buyback program executed at ₹10,000 per share.
- The final buyback amount, including taxes, was ₹4,932 crore.
- Post-buyback, share capital reduced to ₹279.26 crore.
Management Commentary
Rajiv Bajaj, Managing Director, Bajaj Auto, stated:"Our Q3 FY25 results highlight our continued growth across domestic and export markets. The expansion in the premium motorcycle segment and strong demand for EVs and three-wheelers position Bajaj Auto for sustained success."
Dinesh Thapar, Chief Financial Officer of Bajaj Auto, added:
"Our balance sheet remains robust, with ₹15,001 crore in surplus funds. We continue to invest in EV expansion and high-margin premium vehicles."
Investor Outlook & Strategic Expansion
- Continued focus on premium motorcycles & EVs to drive revenue growth.
- Global expansion of Triumph and KTM models.
- Improvement in exports and expansion in high-margin segments are expected to sustain profitability.