Bajaj Auto Q4 Profit Nearly Doubles; Revenue up 41%

Bajaj Auto Limited today announced its audited financial results for the fourth quarter and full financial year ended March 31, 2026, reporting record performance across volumes, revenues, profits, and cash generation.

Q4 FY26 Highlights

Bajaj Auto delivered a standout quarter, with consolidated revenue from operations reaching ₹17,832 crore, up sharply from ₹12,646 crore in Q4 FY25 — a jump of approximately 41% year-on-year. Profit after tax for the quarter came in at ₹3,662 crore, compared to ₹1,802 crore in the same period last year, nearly doubling on a year-on-year basis.

On the standalone front, Q4 revenue from operations stood at ₹16,006 crore, a robust 32% YoY growth, while standalone profit after tax reached an all-time quarterly high of ₹2,746 crore, up 34% YoY. EBITDA for the quarter was ₹3,323 crore, growing 36% YoY, with margins holding firm at 20.8%.

Volume performance was equally strong, with total sales of 13.71 lakh units in Q4 FY26, up 24% from 11.03 lakh units in Q4 FY25. Exports crossed the 6-lakh-unit mark for the quarter, with revenues growing over 30% YoY.

Full Year FY26 Performance

For the full financial year, Bajaj Auto's consolidated revenue from operations grew 23% YoY to ₹62,905 crore, against ₹50,995 crore in FY25. Consolidated profit after tax surged 47% to ₹10,744 crore, up from ₹7,325 crore the previous year — reflecting the significantly expanded group footprint following the acquisition of controlling interest in Bajaj Auto International Holdings AG (BAIHAG), the parent entity of KTM AG and Bajaj Mobility AG, in November 2025.

On a standalone basis, full-year revenue from operations reached a record ₹58,732 crore, up 17% YoY, while standalone profit after tax climbed 21% to ₹9,825 crore. EBITDA for the full year was ₹12,019 crore, up 19% YoY, with margins improving 30 basis points to 20.5%.

Total volumes for FY26 crossed the 51 lakh unit mark — the highest ever for the company — up 10% YoY, surpassing the previous peak set in FY19. Domestic volumes grew 3% to 28.67 lakh units, while exports expanded 21% to 22.50 lakh units. Commercial vehicle exports were particularly strong, rising 49% YoY.

Key Business Highlights

Chetak (EVs): Bajaj retained its position as India's largest electric two-wheeler player, with EV revenues exceeding ₹8,000 crore and accounting for over 20% of domestic sales. Chetak posted revenues above ₹4,000 crore for the year, hitting a quarterly retail milestone of over 1 lakh units in Q4.

KTM–Triumph: The premium motorcycle duo delivered its best-ever performance with global revenues of approximately ₹5,000 crore, up 40% YoY, delighting around 2.25 lakh riders during the year.

Commercial Vehicles: The segment posted a landmark year, with total volumes crossing 8 lakh units. The company exited FY26 as the #1 player in electric three-wheelers, and expanded into the e-rickshaw space through its Riki platform, now present in 100+ cities.

Bajaj Auto Credit Limited (BACL): The financing subsidiary saw its AUM nearly double to ₹18,835 crore. Profit after tax surged over 11x to ₹665 crore, with a return on equity of 23% and an industry-leading Net NPA of ~1%.

The Board of Directors recommended a final dividend of ₹150 per share (1,500% on face value of ₹10), subject to shareholder approval at the AGM scheduled for July 21, 2026. The record date for dividend eligibility has been fixed as May 29, 2026, with payment expected on or around July 24, 2026.

In addition, the Board approved a share buyback of up to 46.94 lakh equity shares at ₹12,000 per share, for an aggregate consideration of up to ₹5,633 crore via the Tender Offer route. Together, the dividend and buyback amount to approximately ₹9,825 crore — representing a 100% payout of FY26 standalone profit after tax.