Bajaj Auto LimitedQuarter ended Results & Financial Update
Bajaj Auto Limited: Quarter ended consolidated results and company financials – revenue ₹24,003.23 Cr, PAT ₹3,436.10 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Bajaj Auto Quarter ended quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the second quarter of fiscal year 2027, Bajaj Auto demonstrated strong top-line and bottom-line expansion on a consolidated basis, crossing major operational and financial milestones amid a dynamic operating environment.
Consolidated revenue from operations for the quarter ended September 30, 2026, reached INR 24,003.23 crore, reflecting a substantial increase compared to INR 15,253.64 crore in the corresponding period of the previous year.
Profit after tax (PAT) for the quarter stood at INR 3,436.10 crore, advancing from INR 2,122.03 crore recorded in the same quarter a year ago, supported by healthy volume momentum and disciplined cost management.
Sequential performance also remained positive, with consolidated revenue rising from INR 22,376.69 crore and PAT increasing from INR 3,188.75 crore reported in the first quarter of fiscal 2027.
Profit before tax (PBT) reached INR 4,609.77 crore for the quarter, compared to INR 2,998.66 crore in the year-ago period and INR 4,423.41 crore in the preceding quarter.
Basic earnings per share (EPS) for the quarter rose to INR 124.60, compared to INR 76.00 in the corresponding quarter of the previous year and INR 115.30 in the previous quarter.
Total consolidated income for the quarter reached INR 25,676.68 crore, bolstered by operational revenues and other income streams across the group's diverse business segments.
01 · Business model
What does Bajaj Auto do?
Bajaj Auto Limited is a prominent Indian manufacturer of motorcycles, commercial vehicles, and electric vehicles, operating extensive production facilities and distribution networks domestically and internationally.
The company generates its primary revenue through the sale of two-wheelers and commercial vehicles across varied displacement and powertrain categories, complemented by spare parts and financing operations.
Bajaj Auto's economic model relies on high-volume manufacturing, brand equity across iconic motorcycle lines such as Pulsar, Platina, and CT, strategic international exports, and selective brand alliances.
Distribution spans domestic retail channels and extensive overseas export markets across Africa, Latin America, and other regions, supported by consolidated subsidiaries and associated entities.
02 · Historical context
What shaped the business before this quarter
Effective November 18, 2025, Bajaj Auto acquired controlling interest in Bajaj Auto International Holdings BV (BAIAH), which holds a 74.9% stake in Bajaj Mobility AG and KTM AG, expanding the consolidated reporting scope relative to earlier periods.
In May and June 2026, the company executed a share buyback of 4,694,000 fully paid-up equity shares at INR 12,000 per share, utilizing approximately INR 5,632.80 crore excluding transaction costs, which concluded in July 2026.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter ended | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹24,003.23 Cr | ₹15,253.64 Cr | ₹22,376.69 Cr |
| Total income | ₹25,676.68 Cr | ₹16,310.54 Cr | ₹22,376.69 Cr |
| Profit before tax | ₹4,609.77 Cr | ₹2,998.66 Cr | ₹4,423.41 Cr |
| Profit after tax | ₹3,436.10 Cr | ₹2,122.03 Cr | ₹3,188.75 Cr |
| EPS | ₹124.60 | ₹76.00 | ₹115.30 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 14.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 19.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹1,673.45 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated top-line growth was supported by robust volume uptake across domestic and export markets for both two-wheelers and commercial vehicles.
Higher sales realization, a favorable product mix, and robust spare parts demand contributed to quarterly revenue reaching unprecedented levels.
What drove margins
Cost of raw materials and components consumed rose to INR 15,783.40 crore for the quarter, reflecting higher manufacturing volumes and input cost trends.
Finance costs for the quarter were reported at INR 466.69 crore, while depreciation and amortisation expense stood at INR 409.04 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The automotive segment generated revenue of INR 24,144.45 crore for the quarter, with segment profit before tax and finance costs reaching INR 4,060.10 crore.
The financing segment contributed revenue of INR 1,177.03 crore, delivering a segment profit before tax and finance costs of INR 325.26 crore.
The investments segment reported revenue of INR 355.20 crore and a segment profit before tax and finance costs of INR 355.20 crore for the quarter.
06 · Reported developments
What changed operationally
Consolidated profit after tax for the quarter grew significantly to INR 3,436.10 crore compared to INR 2,122.03 crore in the corresponding quarter of the previous year.
07 · Items worth noticing
The line items that can distort a quick read
Prior annual periods included net charges related to the Code on Wages and prepayment of deferral incentives, though no new exceptional items were reported for the current quarter.
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Consolidated Subsidiary Inclusion
The consolidated financial results include the financial information of Bajaj Auto's numerous subsidiaries and associates, reflecting the expanded group structure following prior-year acquisitions.
09 · Previous-quarter changes
What changed since the previous quarter
Consolidated revenue rose sequentially from INR 22,376.69 crore in the quarter ended June 30, 2026, to INR 24,003.23 crore in the quarter ended September 30, 2026.
10 · Key Q&A
The quarter, answered directly
What does Bajaj Auto do?
Bajaj Auto Limited is a prominent Indian manufacturer of motorcycles, commercial vehicles, and electric vehicles, operating extensive production facilities and distribution networks domestically and internationally.
What is the clearest takeaway from Quarter ended?
During the second quarter of fiscal year 2027, Bajaj Auto demonstrated strong top-line and bottom-line expansion on a consolidated basis, crossing major operational and financial milestones amid a dynamic operating environment.
What drove revenue or demand?
Consolidated top-line growth was supported by robust volume uptake across domestic and export markets for both two-wheelers and commercial vehicles.
What mattered most for margins or profitability?
Cost of raw materials and components consumed rose to INR 15,783.40 crore for the quarter, reflecting higher manufacturing volumes and input cost trends.
What changed operationally beyond the headline numbers?
The consolidated financial results include the financial information of Bajaj Auto's numerous subsidiaries and associates, reflecting the expanded group structure following prior-year acquisitions.
What should the next disclosure help confirm?
Monitor future quarterly filings for consolidated volume trends, integration progress of overseas holdings, and segment-wise margin trajectories.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Consolidated Operating Performance: Monitor future quarterly filings for consolidated volume trends, integration progress of overseas holdings, and segment-wise margin trajectories.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.