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Bajaj Auto Limited Q2 FY26 earnings call summary

NSE: BAJAJ-AUTO · BSE: 532977

Earnings call of 7 Nov 2025, summarised by AI from the filing.

Final regulatory approval expected by 10th November; change of control imminent.

Key takeaways

  1. KTM acquisition Final regulatory approval expected by 10th November; change of control imminent.
  2. Growth driver Exports grew 24% with record revenue, driven by broad-based growth across multiple markets.
  3. Risk Cost inflation across steel, noble metals, copper and rubber impacted margins by 40 bps.

Original filing on BSE

Bajaj Auto Limited Q1 FY27 results

As filed: Revenue ₹21,689 cr (+65% year on year), EBITDA ₹4,531 cr (+62% year on year), PAT ₹3,189 cr (+44% year on year), EBITDA margin 20.9% (−38 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q3 FY26: Revenue ₹16,204 cr (+23% year on year), EBITDA ₹3,730 cr (+36% year on year), PAT ₹2,750 cr (+25% year on year), EBITDA margin 23.0% (+213 bps). Score 70 of 100, Above trend. Revenue and profit growth were above the company's own trend; EBITDA growth was well above it. EBITDA margin rose 213 bps year on year. Share price after the results: +5.0% in 28 days (Nifty 500: +0.4%).
  • Q2 FY26: Revenue ₹15,735 cr (+19% year on year), EBITDA ₹3,463 cr (+31% year on year), PAT ₹2,122 cr (+53% year on year), EBITDA margin 22.0% (+198 bps). Score 70 of 100, Above trend. Revenue growth was in line with the company's own trend; EBITDA growth was above it; profit growth was well above it. EBITDA margin rose 198 bps year on year. Profit fell 4% from last quarter. Share price after the results: +4.4% in 28 days (Nifty 500: +1.3%).
  • Q1 FY26: Revenue ₹13,133 cr (+10% year on year), EBITDA ₹2,794 cr (+18% year on year), PAT ₹2,210 cr (+14% year on year), EBITDA margin 21.3% (+140 bps). Score 48 of 100, In line with trend. Revenue and EBITDA growth were below the company's own trend; profit growth was in line with it. EBITDA margin rose 140 bps year on year. Revenue rose ₹1,201 cr on a year ago, against ₹1,620 cr the year before. Share price after the results: +10.4% in 30 days (Nifty 500: +0.1%).
  • Q4 FY25: Revenue ₹12,646 cr (+9% year on year), EBITDA ₹2,693 cr (+18% year on year), PAT ₹1,802 cr (−10% year on year), EBITDA margin 21.3% (+152 bps). Score 34 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were below it. EBITDA margin rose 152 bps year on year. Revenue fell 4% from last quarter. Revenue rose ₹1,091 cr on a year ago, against ₹2,626 cr the year before. Share price after the results: −4.9% in 29 days (Nifty 500: +3.3%).
  • Q3 FY25: Revenue ₹13,169 cr (+8% year on year), EBITDA ₹2,750 cr (+14% year on year), PAT ₹2,196 cr (+8% year on year), EBITDA margin 20.9% (+103 bps). Score 34 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was in line with it. EBITDA margin rose 103 bps year on year. Revenue rose ₹1,004 cr on a year ago, against ₹2,846 cr the year before.
  • Q2 FY25: Revenue ₹13,247 cr (+22% year on year), EBITDA ₹2,653 cr (+25% year on year), PAT ₹1,385 cr (−31% year on year), EBITDA margin 20.0% (+37 bps). Score 49 of 100, In line with trend. EBITDA margin rose 37 bps year on year. Consolidated profit -31% but standalone +9%. Not enough history for a trend yet: scored on growth alone. Profit fell 29% from last quarter.
  • Q1 FY25: Revenue ₹11,932 cr (+16% year on year), EBITDA ₹2,371 cr (+23% year on year), PAT ₹1,942 cr (+18% year on year), EBITDA margin 19.9% (+114 bps). Score 63 of 100, In line with trend. EBITDA margin rose 114 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 3% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Bajaj Auto Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.