Bajaj Auto reported a net profit of ₹2,983 crore for the April-June quarter of FY27, a 42% increase compared to the previous year. Revenue grew 37% to ₹17,244 crore, supported by record export volumes and rising demand for its electric vehicles. The company’s strong cash position provides flexibility for future EV investments and expansion.
Detailed Coverage
Bajaj Auto Ltd. has reported its highest-ever quarterly performance for the April-June period of the 2027 financial year. The company recorded a standalone net profit of ₹2,983 crore, marking a 42% growth over the same period last year. Revenue from operations also reached a record high of ₹17,244 crore, reflecting a 37% year-on-year increase.
Operational Margins and Export Performance
Operating margins for the quarter improved to 20.9%, compared to 19.7% in the previous year's first quarter. This profitability was supported by a 45% jump in operating profit (EBITDA), which reached ₹3,596 crore. A primary driver of this growth was the international business, where export volumes surged 54% to 7.32 lakh units. This milestone represents the first time the company has surpassed 700,000 units in exports in a single quarter, driven by recovering demand in Africa and sustained growth in Latin American markets.
Growth in Electric Mobility and Premium Bikes
Electric vehicles have become a significant pillar of the company’s revenue, now accounting for nearly 30% of its domestic business. The Chetak electric scooter reached record sales levels during the quarter, although the company continues to manage supply constraints related to production capacity. Meanwhile, the three-wheeler segment is seeing a transition, with electric models now making up approximately two-thirds of total three-wheeler sales compared to traditional internal combustion engines. In the premium segment, the partnership with KTM and Triumph has continued to perform well, contributing to a 60% revenue increase for these brands within the Indian market.
Financial Position and Future Outlook
Bajaj Auto maintained a robust balance sheet, ending the quarter with surplus funds exceeding ₹21,000 crore. The company generated over ₹2,300 crore in cash during the quarter, which provides significant financial flexibility for upcoming capital spending projects and strategic initiatives in the electric mobility sector.
While the company has seen strong momentum, investors may continue to track how management handles production capacity for electric vehicles, as supply limitations have historically affected the ability to fully meet demand. Additionally, while export growth has been robust, the long-term sustainability of this performance will depend on navigating potential geopolitical and logistical volatility in international markets. The company's ability to maintain these operating margins will be a key factor in future quarters as it balances growth in its traditional motorcycle business with the scaling of its electric portfolio.