$BAJAJFINSV

Bajaj Auto Ltd on Tuesday reported a strong financial performance for the June quarter of FY27, with consolidated net profit and revenue registering robust year-on-year growth, driven by healthy demand across domestic and export markets. The company posted a consolidated net profit of Rs 3,225.63 crore for the April–June quarter, marking a 45.9 percent increase compared with the same period last year. Revenue from operations surged 65 percent year-on-year to Rs 21,688.83 crore during the quarter. Following the earnings announcement, Bajaj Auto shares recovered from intraday losses and were trading nearly flat at Rs 10,526 in afternoon trade. On a standalone basis, revenue from operations rose 37 percent year-on-year to a record Rs 17,244 crore. The company attributed the strong performance to double-digit growth across internal combustion engine (ICE) and electric vehicle (EV) segments, supported by healthy demand in both domestic and export markets, as well as across its two-wheeler and three-wheeler businesses. EBITDA margin improved to 20.9 percent, expanding 110 basis points year-on-year and 10 basis points sequentially. Bajaj Auto said favourable foreign exchange realisations, a richer product mix, operating leverage, disciplined pricing, and cost optimisation initiatives more than offset the impact of rising input costs. The company's electric vehicle business continued to gain momentum, with revenue nearly doubling from the year-ago period. EVs now contribute nearly 30 percent of Bajaj Auto's domestic business. However, the company noted that capacity constraints and supply limitations prevented the segment from fully capitalising on strong market demand.