Bajaj Auto reported a 35% profit jump to Rs 3,354 crore for the September quarter on Tuesday. Revenue grew 34% to Rs 20,003 crore, marking a record high for the company. Strong demand across domestic and export markets helped the two-wheeler maker achieve these results despite rising costs and supply constraints.
Bajaj Auto Q2 Results: Revenue grew 34% YoY to Rs 20,003 crore for the first time, doubling over the past three years. The company also reported EBITDA exceeding Rs 4,000 crore, a rise of over 37% from the year-ago period.
Bajaj Auto on Tuesday reported a 35% year-on-year (YoY) rise in profit after tax for the September quarter at Rs 3,354 crore, as strong demand across its domestic and export businesses helped the two-wheeler maker post its highest-ever quarterly revenue.
Revenue grew 34% YoY to Rs 20,003 crore for the first time, doubling over the past three years. The company also reported EBITDA exceeding Rs 4,000 crore, a rise of over 37% from the year-ago period.
Operating margins remained steady at 20.9% despite higher input costs and volatile commodity prices. Bajaj Auto attributed its performance to record vehicle sales, better product mix, pricing measures and favourable currency movements.
The company said revenue growth exceeded 20% across powertrains, markets and vehicle categories, including two-wheelers and three-wheelers.
The September quarter marked record levels for vehicle volumes, revenue, profitability and cash generation, even as the company navigated inflationary pressures and supply constraints in its electric vehicle business.