The net profit after tax in Q1FY25 stood at ₹1,941.79 crore, while the consolidated revenue from operations came in at ₹11,932.07 crore.
The revenue from operations grew on the back of strong vehicle sales and record revenue from spares, as well as volume expansion across both domestic and exports businesses. The company said that the favourable product mix (share of premium products) also drove double digit revenue growth.
Standalone profit margins came in at 20.2 per cent, up 130 basis points year-on-year (Yo-Y) driven by better realisation and cost reduction which more than offset the drag from the growing electric two-wheeler business. Bajaj Auto stock reacted positively as the results came in line with analyst estimates. The stock rose .20 per cent to 9,693 a piece on Tuesday.
Bloomberg analysts had estimated a revenue of ₹11,812 crore and an Ebitda of ₹2363 crore with margins of 19 per cent.
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