Riding on higher exports and increased sales of their commercial vehicles and premium motorcycles as well as the iconic Chetak scooter which is now electric, Bajaj Auto Limited reported a 13.84 per cent rise in consolidated profit after tax (PAT) in the first quarter that ended on June 30, 2025.
The company said in a regulatory filing on Wednesday that it had posted a consolidated profit after tax of ₹2,210.44 crore in this quarter and of ₹1,941.79 crore in the same period last fiscal.
Consolidated total revenue from operations in the quarter-under-review stood at ₹13,133.35 crore as against ₹11,932.07 crore in the year-ago period, it added.
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Meanwhile, the total expenses were higher at ₹10,681.68 crore in the first quarter as compared to ₹9,703.61 crore in the corresponding period last fiscal, Bajaj Auto said.
The company also said its surplus funds stood at ₹16,726 crore after infusing ₹300 crore into Bajaj Auto Credit to finance the continued growth of its loan book and ₹1,525 crore into Bajaj Auto International Holdings BV, to partly fund the KTM Austria transaction.
Resurgent exports and scaling-up of the emerging electric portfolio more than made up for the domestic motorcycle performance, said the company. While its domestic motorcycles sales were improving over the previous quarter, they had a subduing effect on the overall growth.
In the first quarter, total vehicle sales across categories stood at 11,11,237 units as against 11,02,056 units in the year-ago period, up 1 per cent; but the domestic sales were down 8 per cent to 6,34,808 units in Q1 FY26 as compared to 6,90,621 units in the same period a year ago.
On the other hand, exports were up 16 per cent at 4,76,429 units as against 4,11,435 units in the corresponding year-ago period, the company stated.
It’s winning streak was the retail volumes of electric scooter, Chetak, which more than doubled in the quarter from the year-ago period, Baja Auto said.
“Electric vehicles now constitute a significant over 20 per cent to domestic revenues compared to early teens same time last year, even as the first instances of supply disruption arising from the unavailability of rare earth magnets started to surface later in the quarter,” said the company.
It further said its domestic motorcycles saw double-digit volume QoQ growth, driven by the focused 125cc+ segment, which saw its market share inch up.
Premium bikes, KTM and Triumph, billed over 25,000 bikes in the domestic market, up 20 per cent, the company said.
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