Bajaj Auto recently announced its financial results for Q3FY25. The company reported a revenue of ₹128.1 billion, which was 5.7% higher than the same period last year when it stood at ₹121.14 billion. However, this revenue was slightly lower than analyst’s expectations of ₹129.63 billion, missing the estimate by 1.2%.
The company’s net profit for the quarter was ₹21.08 billion, which was 3.2% higher than last year’s ₹20.42 billion. Despite the growth, this figure also fell slightly short of the expected ₹21.28 billion, missing it by 0.9%.
On the positive side, Bajaj Auto’s EBITDA reached ₹25.8 billion. This was 6.2% higher than last year’s ₹24.30 billion and even exceeded market estimates of ₹25.45 billion by 1.4%. The EBITDA margin, which shows how much profit the company makes compared to revenue, improved slightly to 20.15% from 20.10% last year. This was also better than the expected 19.6%, showing strong cost management.
One of the biggest achievements this quarter was Bajaj Auto’s electric vehicle (EV) business turning profitable. The company has been investing in electric scooters and three-wheelers, and this is a major milestone for its future growth.
However, there were some challenges. Domestic motorcycle sales were affected because Bajaj Auto chose not to offer heavy discounts to boost sales. This decision impacted volumes but helped maintain profitability. The revenue and net profit missing estimates suggest that the company may have faced some pressure on sales or pricing. Additionally, while the electric scooter business made progress, the company is still working towards making a profit on each unit sold.
Overall, Bajaj Auto showed steady growth despite challenges in pricing and demand. The strong performance in EBITDA and profitability in the EV segment are encouraging signs for the company’s future.