Bajaj Auto Q1 FY27 results: Profit jumps 42% to ₹2,983 crore as record exports and EV growth drive highest-ever quarterly revenue

Bajaj Auto Ltd reported its strongest-ever quarterly financial performance for the April-June quarter (Q1 FY27), with standalone net profit rising 42% year-on-year to ₹2,983 crore, aided by record vehicle volumes, robust export demand and continued momentum in its electric vehicle (EV) business.

Revenue from operations climbed 37% to an all-time high of ₹17,244 crore, while EBITDA increased 45% to ₹3,596 crore, lifting the operating margin to 20.9% from 19.7% a year ago.

The Pune-based two- and three-wheeler maker sold 14.38 lakh vehicles during the quarter, up 29% from the year-ago period. While domestic volumes grew 11% to 7.06 lakh units, exports surged 54% to a record 7.32 lakh units, crossing the 700,000-unit milestone for the first time and underscoring Bajaj Auto's growing international footprint.

Commenting on the performance, the company described the quarter as a "strong start to FY27", attributing the record volumes, revenue and profitability to broad-based growth across domestic and export markets, its ICE and EV portfolios, and both two- and three-wheeler businesses despite a challenging external environment.

Exports and premium portfolio accelerate growth

The company said the record performance was underpinned by broad-based growth across geographies and product segments. Export volumes climbed 54%, aided by market share gains in Latin America and a sharp recovery in Africa, led by Nigeria, despite continued geopolitical and logistical disruptions in parts of the Middle East and North Africa.

At home, revenue rose 26% on the back of double-digit growth in motorcycles and commercial vehicles. Premium brands KTM and Triumph delivered around 60% revenue growth, while the Pulsar, Avenger and Dominar range maintained strong momentum, helping improve the company's product mix and realisations.

Besides higher volumes, the company said its earnings were supported by favourable dollar realisations, a richer product mix, operating leverage and disciplined pricing and cost management, which more than offset elevated commodity costs. These factors enabled Bajaj Auto to expand its EBITDA margin by 110 basis points year-on-year to 20.9%, highlighting that profitability improved alongside volume growth.

EV scale-up boosts profitability

Electric mobility continued to strengthen Bajaj Auto's earnings profile. The company said EVs now contribute nearly 30% of its domestic business, while electric three-wheelers have grown to almost two-thirds the size of its conventional ICE three-wheeler franchise. The Chetak electric scooter also recorded its best-ever quarterly performance, although demand continued to outpace production capacity.

Bajaj Auto also generated more than ₹2,300 crore in free cash flow during the quarter, ending June with surplus funds exceeding ₹21,000 crore, providing financial flexibility to support capacity expansion, investments in electric mobility and future growth initiatives.