BAJAJ AUTO Q2: RECORD REVENUE UP 34% YOY

BAJAJ AUTO Q2: RECORD REVENUE UP 34% YOY; EBITDA & PAT SURGE 35%, EV BUSINESS DOUBLES

• **Record Revenue:** Crossed ₹20,000 Cr for the first time, up 34% YoY, supported by strong volumes and improved product mix • **Profitability:** EBITDA surpassed ₹4,000 Cr and PAT crossed ₹3,000 Cr, both growing approximately 35% YoY • **EBITDA Margin:** Remained strong at 20.9% despite commodity cost inflation • **Domestic Business:** Revenue grew 30% YoY, supported by strong two-wheeler and three-wheeler performance • **Electric Vehicles:** EV volumes reached approximately 2 lakh units, contributing nearly one-third of domestic revenue • **Export Growth:** Exports surged over 40% YoY, with Africa nearly doubling and Latin America maintaining strong momentum • **KTM & Triumph:** Domestic revenue surged 45% YoY, with combined volumes exceeding 40,000 units • **Commercial Vehicles:** Recorded highest-ever quarterly revenue and volumes, crossing 1.60 lakh units • **Chetak EV:** Volumes more than doubled YoY, with quarterly revenue crossing ₹2,000 Cr • **Motorcycle Business:** Strong growth in sports motorcycles, supported by Pulsar launches and market-share gains • **Free Cash Flow:** Generated approximately ₹4,000 Cr during the quarter, reflecting strong cash generation • **Cash Reserves:** Surplus funds stood at approximately ₹15,500 Cr after capital expenditure and investments **Impact: Positive** — Strong revenue and profit growth, expanding EV business, robust exports and healthy cash generation point to broad-based operational strength.