Standalone profit margin of the company rose to 20.2 per cent
MUMBAI: Pune-based two-wheeler major Bajaj Auto reported an 18 per cent increase in net profit to Rs1,941.79 crore, alongside a 16 per cent growth in consolidated operational revenue to Rs11,932.07 crore for the first quarter of FY25.
The standalone profit margin of the company rose to 20.2 per cent, marking a 1.30 percentage point increase from the same period last year. Bajaj Auto attributes this impressive performance to robust growth in the vehicle market, record revenue from spare parts, volume expansion in both domestic and international markets, and a strategic product mix.
“A combination of these factors contributed to our double-digit growth this quarter. We are confident in sustaining this momentum throughout the year,” stated a senior company official.
This marks Bajaj Auto’s nineteenth consecutive quarter of growth, supported by strong performance across its two-wheeler, commercial vehicle, and e-scooter segments. Despite a mixed performance in different regions, Latin America recorded its best-ever performance, while the Asian market showed significant improvement, albeit offset by lackluster results in Africa.
The company’s Triumph motorcycle launched a year ago, has been a resounding success with sales of 60,000 units, including 19,000 units in Q1 of the current fiscal year, contributing Rs1,200 crore to the company’s revenue.
Commercial vehicle sales reached approximately 100,000 units during the quarter. Furthermore, Bajaj Auto expanded its electric three-wheeler network to 200 cities, up from 60 cities in March, achieving a market share of 30% in this segment.
