Bajaj Auto Q2 Results Highlights: Net Profit soars 9.1% to ₹2,005 crore despite ₹211 crore tax impact

• Net profit: ₹2005.04 crore, up 9.1% YoY
• Revenue from operations: ₹13,127.47 crore, up 21.8% YoY
• EBITDA: ₹2,653 crore, up 24%
• EBITDA %: 20.2%, +40 bps

Bajaj Auto informed that its Board of Directors has approved a phased increase in the equity share capital of Bajaj Brazil, a wholly owned subsidiary of the company, up to USD 10 million (₹84 crore).

The additional capital infusion is to fund business expansion and the needs of the growing business.

The impactful launch of Freedom 125, the world's first CNG-integrated bike, which halves operating costs and offers best-in-class rider comfort features (including first-in-class mono-linked suspension and a long quilted seat), has resulted in billing of 30,000 units across 350 cities since its introduction.

"The portfolio comprising of electric and CNG vehicles across both the 2W and 3W portfolio, now contributes a significant 40% of total domestic revenues," the company said in an exchange filing.

Reported PAT was at ₹2,005 crore, after making an additional provision of ₹211 crore to account for the cumulative one-time impact on Deferred Tax on Investment Income due to the withdrawal of indexation and change in tax rate in the Finance Act, 2024.

• Current price: ₹11,615.15 (+0.81%)
• Previous close: ₹11,521.50
• Open: ₹11,537.90
• High: ₹11,680
• Low: ₹11,381.15

• Freedom
• Pulsar
• Dominar
• Avenger
• Platina
• CT
• Chetak
• Electric 3-wheeler
• RE
• Maxima Z
• Maxima X Wide
• Maxima C
• Qute
• KTM

• Traded volume (Lakhs): 3.31
• Traded value: ₹381.28 crore
• Total market cap: ₹3,23,377.52 crore
• Free float m-cap: ₹1,28,279.66 crore

• Niraj R Bajaj, Chairman
• Rajiv Bajaj, Managing Director
• Pradeep Shrivastava, Executive Director
• Rakesh Sharma, Executive Director
• Sanjiv Bajaj, Director
• Abhinav Bindra, Independent Director
• Anami Roy, Independent Director
• Dr Naushad Forbes, Independent Director
• Pradip Shah, Independent Director
• Vinita Bali, Independent Director
• Dr Sangita Reddy, Independent Director

• Current price: ₹11,429 (-0.80%)
• Previous close: ₹11,521.5
• Open: ₹11,537.9
• High: ₹11,588.8
• Low: ₹11,381.1

According to analysts, the company is expected to post double-digit revenue growth in the latest July-September quarter due to a surge in two-wheeler volumes and a marginal increase in average selling price (ASP) due to a richer product mix and price hikes.

Bajaj Auto and its subsidiaries develop, manufacture, and distribute two-wheelers and three-wheelers. The company's products include motorcycles, bikes, electric two-wheelers, commercial vehicles, three-wheelers, and automotive parts.