Bajaj Auto Q2 FY26 revenue jumps 19.6% QoQ

Results snapshot: what Bajaj Auto reported

Bajaj Auto Ltd reported a sharp improvement in consolidated revenues for the quarter ended September (Q2 FY 2025-26). The company said consolidated revenues rose 19.6% quarter-on-quarter (QoQ). On a year-on-year (YoY) basis, revenue growth was reported at 19.5%. For Q2 FY26, total income was reported at ₹16,310.54 crore. This compared with ₹13,642.33 crore in Q1 FY26 and ₹13,646.61 crore in Q2 FY25.

Total income and revenue: the key numbers

The company’s Q2 FY26 total income of ₹16,310.54 crore was presented as a new quarter-on-quarter step-up from the June quarter. The same set of highlights also lists revenue for Q2 FY26 at ₹16,310.54 crore. In addition to top-line growth, Bajaj Auto reported EBITDA of ₹4,038.96 crore for the quarter. Net profit was stated at ₹2,122.03 crore in the highlights.

Profit line: a reported inconsistency worth noting

Within the provided results summary, Bajaj Auto’s bottom line is described in two different ways. One line item lists “Net Profit: ₹2,122.03 crore” for Q2 FY26. Another line in the same text says the company reported a “net loss of ₹2,122.03 crore” for Q2 FY26, alongside “a 53.2% year-over-year growth.” Since both statements appear in the supplied material, the quarter’s reported profit figure is ₹2,122.03 crore, while the narrative descriptor conflicts with it.

Volumes: 24% YoY jump led by domestic and exports

Operationally, the quarter was marked by strong volume growth. Total sales volumes for the quarter rose 24% year-on-year to 13.71 lakh units. Domestic sales rose 24% over the year-ago quarter. Export shipments also improved, with exports reported up 25% year-on-year to 6.10 lakh units. The text also notes “total volume reached a new high of 13.7 lakh units,” aligning with the 13.71 lakh figure.

What stood out in the quarter’s business mix

The volume growth described was broad-based across domestic and export markets. Domestic volume was reported at 760,846 units, up 24.1% YoY, supported by “a strong recovery” and linked in the text to GST rate rationalisation. Total volume was reported at 1,371,058 units, up 24.3% YoY. The data also shows two-wheelers at 1,166,689 units and commercial vehicles at 204,369 units for the quarter. On the same table, the year-ago comparison base is shown as a grand total of 1,102,934 units.

Full-year context: record revenue and volumes highlighted

Beyond the quarter, the supplied material also references full-year milestones. Revenue from operations was reported at ₹58,732.48 crore, up 17.44% YoY compared with ₹50,010.31 crore in FY25. Separately, Bajaj Auto reported FY26 consolidated revenue of ₹62,905 crore, up 23% YoY, and consolidated net profit of ₹9,212 crore, up 7% YoY. Annual volumes were described as a record of more than 5 million units, up 10% YoY, with commercial vehicle volumes crossing more than 5 lakh units.

Domestic, exports and EV: additional datapoints cited

The text breaks down FY26 volume drivers further. Exports were reported to have grown 21% to 2.25 million units, while domestic sales grew 3% to 2.86 million units. It also states that exports for the year exceeded 2 million units and that Q4 FY26 quarterly revenues grew more than 30% YoY. On the domestic side, the text mentions the scale-up of the EV portfolio, stating Bajaj Auto retained its position as India’s largest EV player with ₹8,000+ crore and more than 20% of domestic sales.

Quick table: Q2 financials and volume metrics

Market impact: what the numbers imply, without overreach

The reported Q2 FY26 top-line growth of 19.6% QoQ and 19.5% YoY signals a strong revenue quarter on the data shared. The 24% YoY jump in total volumes to 13.71 lakh units adds operating momentum behind that revenue performance. Exports rising 25% YoY to 6.10 lakh units suggests the recovery was not limited to the domestic market in this period. For investors, the combination of revenue expansion and a stated EBITDA of ₹4,038.96 crore provides a clearer view of operating scale in the quarter. At the same time, the conflicting description of profit as both “net profit” and “net loss” in the supplied text is a reminder to reconcile figures with the company’s detailed financial statements.

Analysis: why Q2 FY26 matters in the broader arc

The quarter’s volume and revenue numbers sit alongside full-year datapoints pointing to record operational scale. The material references more than 5 million units for the year, exports above 2 million units, and commercial vehicles crossing the 5 lakh annual volume mark. It also highlights a sizeable EV revenue base at ₹8,000+ crore, described as more than 20% of domestic sales. In combination, these datapoints position Q2’s growth as part of a broader period of expansion in both domestic and export businesses, rather than a single-quarter spike.

Conclusion: what to track next

Bajaj Auto’s Q2 FY26 updates show total income of ₹16,310.54 crore and a 24% YoY rise in total volumes to 13.71 lakh units, with exports at 6.10 lakh units. The company also cites strong full-year revenue and record volumes in the same set of details. The next step for readers is to watch for the company’s detailed financial statements and subsequent quarterly updates to confirm profit presentation and track whether volume growth sustains across markets.