Bajaj Auto's Q1 results exceeded expectations with an 18% year-on-year rise in net profit, reaching Rs 1,988 crore.

Bajaj Auto Ltd reported a consolidated net profit of Rs 1,941.79 crore for Q1 FY25, an 18% increase year-on-year, driven by strong demand, robust 2-wheeler sales, and higher realizations. Revenue for the April-June quarter rose 16% year-on-year to Rs 11,932 crore, thanks to a better product mix favoring premium vehicles, leading to a higher average selling price (ASP).

These results exceeded analysts’ expectations. A Moneycontrol poll of seven brokerage estimates had predicted Bajaj Auto’s net profit growth at 18% year-on-year to Rs 1,965 crore and revenue growth at 14% to Rs 11,793 crore.

The company experienced strong export growth, with revenue increasing in double digits year-on-year. Its domestic business also maintained momentum, achieving its ninth consecutive quarter of double-digit growth. The popular bike Pulsar continued its double-digit growth trend, supported by a focus on premiumization.

Source: moneycontrol