Bajaj Auto Q3 net profit rises 19% to ₹2,503 crore

Bajaj Auto Ltd for the third quarter ended December 31, 2025 reported 19% Year on Year (YoY) growth in consolidated net profit at ₹2,503 crore, after adjusting the one-time exceptional impact arising from the reassessment of employee benefit obligations in accordance with the revised definition of wages under the new Labour Codes notified in November 2025.

Revenue from operations, grew 19% YoY crossed ₹15,000 crore for the first time, driven by record quarterly volumes and a richer mix.

Underpinned by double-digit growth across all businesses (domestic motorcycles, electric 2W, 3W and exports) that was delivered on the back of buoyant festive demand and GST-led momentum on the domestic front, alongside the sustained resurgence on exports, the company said.

“Domestic business posted record revenues on a strong show across all businesses and the largest quarter till date for the electric portfolio,” it said.

“The quarter saw historic high retails on the back of sharp in-market execution during the festive season, while the rapid growth of the

electric portfolio which contributed to 25% of domestic revenues, saw it overtake last full year’s revenue in the middle of this quarter,” it added.

Exports crossed 600,000 mark in quarterly volumes after 15 quarters, while sustaining its robust YoY double-digit competitive growth trajectory.

Domestic motorcycles business turned in its biggest quarter on 125cc+ with double-digit revenue growth YoY, buoyed by sports segment, the company said. 

The Pulsar portfolio saw improved traction, led by product refreshes/upgrades and amplified by impactful activation which drove quarterly retail volumes to a historic high and the competitive performance of the strategically important 125cc+ segment.

Chetak delivered a standout quarter, growing 70% over the previous one when it was supply constrained, to register its all-time high.

“Balance sheet remains healthy with surplus funds at ₹15,000 crore, after distributing ₹5,864 crore as dividend and infusing capital of ₹2,300 crore into our subsidiaries during this period (to partly fund KTM Austria transaction, ramp up of financing business),” the company said.