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Bajaj Auto's Board of Directors has approved the company's audited financial results for the fiscal year ended March 31, 2026, and recommended a significant dividend of ₹150 per share. This proposal is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Board Meeting Decisions
The Board met on May 6, 2026, to finalize the audited results for FY26. Alongside the financial statements, directors proposed a final dividend of ₹150 per equity share, equating to a 1500% payout on the ₹10 face value. Shareholders will vote on this at the AGM on July 21, 2026. The record date for dividend eligibility is May 29, 2026, with payments expected around July 24, 2026. Both standalone and consolidated financial reports received unmodified audit opinions.
Financial Performance Snapshot
The company reported strong financial results for Q4 FY26, with standalone net profit rising 34% year-on-year to ₹2,746 crore and revenue increasing 31.76% to ₹16,006 crore. For the full fiscal year 2026, consolidated revenue from operations reached ₹62,905 crore, a 23% jump from FY25. Consolidated profit after tax for FY26 surged 47% to ₹10,744 crore, up from ₹7,325 crore in the previous year. Bajaj Auto also announced a ₹5,633 crore share buyback program at ₹12,000 per share. Its electric scooter brand, Chetak, recorded its best quarterly performance in Q4 FY26, with over 1 lakh units sold.
Shareholder Value and History
The ₹150 per share dividend recommendation represents a substantial return for investors, underscoring the company's robust financial performance in FY26. An unmodified audit opinion adds a layer of assurance regarding the accuracy and reliability of the financial statements, aiming to bolster investor confidence. Bajaj Auto has a consistent record of dividend payouts, having declared 19 dividends since 2008.
Market Positioning
Bajaj Auto is a key competitor in India's two-wheeler market, facing major players like Hero MotoCorp (28.8% market share in 2024), Honda Motorcycle and Scooter India (27.1%), and TVS Motor Company. While Hero MotoCorp and Honda hold larger shares, Bajaj Auto is recognized for its performance-focused brands such as Pulsar and Dominar, alongside its expanding electric vehicle segment with the Chetak.
FY26 Performance Metrics
Total vehicle sales for FY26 reached 51,17,667 units, marking a 10% increase from FY25's 46,50,966 units. Consolidated revenue from operations for FY26 was ₹62,905 crore, a 23% year-on-year growth from ₹50,995 crore in FY25. Consolidated profit after tax for FY26 surged 47% to ₹10,744 crore, compared to ₹7,325 crore in the previous year.
Next Steps
Investors will be watching for shareholder approval of the ₹150 per share dividend at the upcoming AGM. Key developments to track include the actual dividend dispatch around July 24, 2026, future dividend announcements, performance updates on the Chetak electric scooter and other new products, and further progress on the share buyback program.
Governance Note
Historically, a governance concern regarding remuneration practices for an independent director was raised by SES in July 2014.