Bajaj Auto's Q4 Net Profit Declines 18% Sequentially Amid Weak Domestic Sales

Bajaj Auto on Thursday reported an 18% fall in its consolidated net profit in the fourth quarter of the financial year 2024-25 (Q4 FY25) against the last quarter.

The auto maker posted a net profit of Rs 1,802 crore in Q4 FY25, down from Rs 2,196 crore in Q3 FY25.

Though this was a sequential decline, Bajaj Auto's net profit went up 10% compared to last year, increasing from Rs 1,642 crore in the same quarter last fiscal.

Overall revenue during the January to March 2025 period also fell 4% sequentially to Rs 12,646 crore from Rs 13,169 crore in the previous quarter. However, revenue rose 9% on a yearly basis as compared to Rs 11,555 crore in Q4 FY24.

The auto maker has recommended a dividend of Rs 210 per share for the financial year ended March 31. "If shareholders approve, the dividend will be credited on or around August 8," Bajaj Auto said in its filing with the regulator.

On a stand-alone basis, the company recorded a net profit of Rs 2,049 crore, up 6% from Rs 1,936 crore in the corresponding quarter last year. Standalone revenue increased by 6% too, to Rs 12,148 crore versus Rs 11,485 crore in Q4 FY24.

Bajaj Auto hailed FY25 as a "record year" both for revenue and profit, attributing it to strong demand for internal combustion engine (ICE) vehicles, the fast growth of its electric vehicle business, and continued growth in exports.

The company said that the standalone revenue gain was led by double-digit growth in premium motorcycles, electric scooters, and commercial vehicles. Exports also performed strongly, though overall revenue growth fell marginally short of expectations due to a short-term halt in KTM exports.

For Q4 FY25, Bajaj Auto's EBITDA was at Rs 2,451 crore, a 6% growth from the previous year. The EBITDA margin remained at 20% for the sixth consecutive quarter, with an increment to 20.2% from 20.1% during the same quarter last year.

The company credits better currency movements and cost reductions, especially in the new Chetak electric scooter platform.