Bajaj Auto Q2 Results Live Updates: Net profit rises 9% to ₹2,005 crore, revenue at ₹13,127 crore

Domestic volumes reached 7,76,711 units, reflecting a 22% year-on-year increase. In the same quarter of the previous financial year, the figure was 6,37,556 units.

At ₹2,653 crores, EBITDA achieved its highest level ever, growing a robust 24% year-on-year, with margins remaining above 20% once again. Effective business management allowed margins to stay steady despite challenges from the significant increase in electric two-wheelers (e2Ws) and rising commodity costs. The 40 basis points year-on-year improvement was mainly driven by favorable currency conditions and operational leverage.

The company reported operational revenue of ₹13,127 crore, reflecting a 22% increase compared to ₹10,777 crore in the same quarter of the previous financial year.

Bajaj Auto, on Tuesday, posted 9 per cent rise in its standalone net profit to ₹2,005 crore.

The EBITDA margin is anticipated to increase by 52 basis points to 20.3%, up from 19.8% year-over-year. This improvement is attributed to a more premium product mix, operating leverage, and effective cost control measures.

Looking ahead, a critical aspect to monitor in Bajaj Auto's Q2 results will be the demand outlook in both domestic and international markets, as well as developments in CNG and E-mobility initiatives.

The revenue growth is projected to be supported by a 16% year-over-year rise in volumes, reaching 12.21 lakh units, along with a slight uptick in Average Selling Prices (ASP) due to a more premium product mix. The expansion of premium two-wheeler segments, growth in exports, and price hikes implemented throughout the year are anticipated to further bolster revenue.

“Domestic volumes grew 21% YoY, while export volumes rose 7% YoY. In domestic motorcycles, after many quarters, the mix is estimated to have deteriorated given higher sales of Chetak and Freedom 125 and a normalizing momentum for Pulsar 125,” Motilal Oswal said.