Bajaj Auto Limited, a leader in the automotive sector, has announced its financial results for Q3 FY25, reporting strong growth driven by a rebound in exports and an expanding electric vehicle (EV) portfolio. The company’s strategic focus on green energy and innovation has propelled it forward in a highly competitive market.
Financial highlights:
- Revenue Growth: Standalone revenue from operations increased by 6% year-on-year to ₹12,807 crore, supported by record festive retail volumes, a resilient green energy portfolio, and robust exports.
- Profitability: Profit After Tax (PAT) grew by 3% YoY to ₹2,109 crore, crossing the ₹2,000-crore milestone yet again. EBITDA also rose by 6% YoY to ₹2,581 crore, with margins steady at 20.2%.
- Exports Recovery: Exports saw a broad-based recovery, with volumes surpassing 5 lakh units for the first time in nine quarters. Revenue from exports grew in double digits for the fourth consecutive quarter, driven by strong demand across Africa, Asia, and Latin America.
- Cash Flow and Balance Sheet: The company generated ₹3,000 crore in free cash flow during the first nine months of FY25, maintaining a robust balance sheet with surplus funds of ₹15,001 crore.
Operational highlights:
- Electric Vehicle (EV) Momentum:
- Bajaj Auto’s green energy portfolio contributed 45% of domestic revenue, up from 30% last year.
- EV sales continued to climb, with over 1 lakh electric two-wheelers (e2Ws) and three-wheelers (e3Ws) sold during the quarter.
- The Chetak electric scooter gained market share, achieving 2.5x YoY volume growth and exiting the quarter with a 25% market share. The newly launched flagship Chetak 35 series promises improved range, advanced features, and quicker charging, reinforcing Bajaj’s EV leadership.
- Premium Two-Wheelers:
- The 125cc+ motorcycle segment achieved its highest-ever retail volumes, driven by festive demand.
- The upgraded Speed 400 enabled Triumph to achieve record quarterly sales, while KTM expanded its portfolio with 10 high-performance bikes.
- Commercial Vehicles:
- Commercial vehicle volumes grew by 6% YoY, with electric three-wheeler sales surging 5x YoY and market share tripling. Bajaj’s network expansion from 600 to 850 touchpoints further supported growth.
Exports contributed significantly to Bajaj Auto’s performance, with overall volumes rising 22% YoY. Latin America reported record growth, while Africa saw a recovery in volumes, with Nigeria alone contributing over 1 lakh units. The rebound in exports, coupled with strategic pricing and cost efficiencies, offset declines in certain segments, such as KTM exports.
Bajaj Auto’s emphasis on its green energy portfolio, coupled with a focus on innovation and market expansion, positions the company well for sustained growth. The management remains optimistic about maintaining its leadership in the EV segment while driving profitability through operational efficiencies.
Rajiv Bajaj, Managing Director of Bajaj Auto, stated, “Our strategic priorities in green energy and exports continue to drive our robust financial performance. As we expand our EV offerings and strengthen our global presence, we remain committed to delivering value to our stakeholders.”
