Mumbai, January 2026: Bajaj Auto Limited (BSE: 532977, NSE: BAJAJ-AUTO) has announced its unaudited financial results for the third quarter and nine months ended 31 December 2025, delivering a historic performance across key metrics. The company reported its highest-ever quarterly revenue, crossing the ₹15,000 crore mark for the first time, driven by robust volume growth and a richer product mix.
Key Financial Highlights (Standalone) – Q3 FY26
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Revenue from Operations: ₹15,220.33 crore, up 19% Year-on-Year (YoY)
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EBITDA: ₹3,161 crore, up 22% YoY, with margins expanding to 20.8%
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Profit After Tax (Before Exceptional Items): ₹2,548.70 crore, up 21% YoY
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Reported PAT: ₹2,502.81 crore, up 19% YoY
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Volumes: 13,41,252 units, up 10% YoY
Breaking Down the Record Quarter
Domestic Business at All-Time High
Bajaj Auto’s domestic business posted record revenues, supported by strong festive demand and GST-led momentum. The electric vehicle portfolio alone contributed to 25% of domestic revenues, overtaking the full previous year’s revenue by mid-quarter. The Chetak electric scooter saw a standout quarter, growing ~70% sequentially.
Exports Surge Past 500K Units
Exports crossed the 500,000-unit mark after 15 quarters, registering double-digit growth led by strong performances in Africa, Asia, and Latin America. Commercial vehicle exports remained robust at nearly 80,000 units, growing over 50% YoY.
Premium Portfolio Accelerates
The KTM + Triumph duo saw domestic volumes and revenue grow nearly 50% YoY, driven by an expanded portfolio and strategic pricing interventions. The domestic motorcycle business also turned in its biggest quarter in the 125cc+ segment.
Exceptional Item Impact
The results include an exceptional item of ₹61.32 crore related to the reassessment of employee benefit obligations under the newly notified Labour Codes (effective November 2025). Corresponding deferred tax asset of ₹15.43 crore has been recognized.
Consolidated Performance
On a consolidated basis:
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Revenue from Operations: ₹16,204.45 crore
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Profit After Tax: ₹2,749.82 crore
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The consolidation includes the impact of acquiring controlling interest in Bajaj Auto International Holdings AG (formerly Pierer Bajaj AG), though full financial integration is pending due to regulatory timelines.
Segment-Wise Performance (Consolidated)
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Automotive: Revenue of ₹15,428.81 crore
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Investments: Revenue of ₹302.42 crore
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Financing: Revenue of ₹909.26 crore, showing strong growth in the financial services business
Management Commentary
The company highlighted “dynamic P&L management” as key to margin expansion, with currency tailwinds and product mix benefits outweighing cost inflation. The balance sheet remains robust with surplus funds of approximately ₹15,000 crore, even after distributing ₹5,864 crore as dividends and infusing over ₹2,300 crore into subsidiaries during the period.
Market Leadership & Future Outlook
Bajaj Auto continues to lead in the electric three-wheeler segment, exiting the quarter at pole position. The company generated over ₹5,200 crore of free cash flow in the first nine months of FY26, up 70%+ YoY, underscoring its strong operational efficiency.
Stock Market Performance
The results come amid strong investor interest in India’s automotive sector, particularly in companies demonstrating growth across traditional and electric vehicle portfolios. Bajaj Auto’s consistent performance in both domestic and export markets positions it favorably for sustained growth.
About Bajaj Auto Limited
Bajaj Auto is one of the world’s leading manufacturers of motorcycles and three-wheelers. With a presence in over 70 countries, the company has established itself as a dominant player in key emerging markets while strengthening its premium portfolio through partnerships with KTM and Triumph.
The board meeting commenced at 12:00 noon and concluded at 4:00 PM on 30 January 2026. The results have been reviewed by the Audit Committee and subjected to limited review by statutory auditors SRBC & CO LLP.