Bajaj Auto Q4 FY25: Revenue up 13.6%, PAT falls 5%

What Bajaj Auto reported for FY25

Bajaj Auto reported its consolidated financial results for the quarter and year ended March 31, 2025, showing a clear split between a strong topline and softer net profit. Annual revenue rose 13.6% year-on-year to ₹50,994.55 crore from ₹44,870.43 crore. Profit after tax (PAT) for FY25 fell 5% to ₹7,324.73 crore from ₹7,708.24 crore.

The company attributed the pressure on the bottom line to deferred tax provisions and impairment losses linked to associate investments. Total comprehensive income for FY25 stood at ₹8,639.72 crore. Basic EPS eased to ₹262.4 in FY25 versus ₹272.7 in FY24.

FY25 key numbers at a glance

The FY25 print also included shareholder payout and investment details. Bajaj Auto declared a dividend of ₹210 per share (2,100%) for FY25. Capex for the year was reported at ₹813.54 crore.

Q4 FY25 performance: revenue up, profit down

For the March quarter, consolidated revenue from operations increased to ₹12,646.32 crore from ₹11,554.95 crore, a 9.4% rise. Total income also grew 9.4% to ₹13,038.55 crore from ₹11,914.94 crore.

But profit metrics were weaker. Profit before tax (PBT) declined 4.7% year-on-year to ₹2,484.23 crore. PAT fell 10.4% to ₹1,801.85 crore from ₹2,011.43 crore, while total expenses rose 8.8% to ₹10,219.14 crore.

Segment picture: automotive remains the core driver

The automotive segment continued to dominate Bajaj Auto’s reported mix. For FY25, the automotive segment revenue was ₹49,982.13 crore, with PBT (before finance costs) at ₹8,769.75 crore.

The investments segment reported FY25 revenue of ₹1,445.98 crore and PBT of ₹1,443.72 crore. The company’s FY25 commentary flagged that impairment losses related to associate investments, along with deferred tax provisions, contributed to the drag on profit despite higher revenues.

Dividend and shareholder payout details

Bajaj Auto’s board recommended a dividend of ₹210 per share (2,100%) for FY25 on equity shares with a face value of ₹10 each. The company said the dividend, if approved by shareholders at the ensuing AGM, will be credited on or around August 8, 2025.

In a separate update on cash generation, the company stated it added an estimated ₹6,500 crore of free cash flow. It also reported surplus funds of around ₹17,000 crore after funding capex and strategic bets in subsidiary companies, and after returning around ₹2,200 crore to shareholders via dividends.

What the market was expecting, and where results landed

Sector expectations going into the period were anchored around strong exports and premium segment sales. The reported narrative broadly aligned with that view on the revenue line, but profits were hit by the deferred tax and associate investment impairment items mentioned in the update.

Alongside the consolidated numbers, a separate Q4 FY25 update also cited standalone performance: revenue from operations at ₹12,147.97 crore (up 5.77% year-on-year) and standalone net profit at ₹2,049.31 crore (up 5.85%). It also cited EBITDA at ₹2,450.6 crore with a margin of 20.17%.

Stock moves and reference points investors tracked

On the National Stock Exchange, Bajaj Auto shares were cited closing at ₹8,899, up 0.57%, ahead of the March-quarter earnings announcement. Another quoted screen showed Bajaj Auto at ₹10,046, down ₹86 or 0.84%, with an update timestamp of May 05, 2026.

These reference points mattered because the earnings flow included multiple moving parts: headline revenue growth, profit impact from tax and impairment items, and the large dividend declaration.

Q4 FY26 preview: what brokerages flagged ahead of May 6, 2026

Separately, brokerages tracked by Business Standard expected Bajaj Auto to report strong revenue growth in Q4 FY26, driven by volume expansion, favourable currency movement, and an improved product mix. The Street expectation cited was revenue rising around 27%–28% year-on-year and about 1% quarter-on-quarter, supported by a 24% year-on-year increase in overall volumes, rupee depreciation benefits for exports, and premiumisation in motorcycles.

Axis Direct estimated Q4 FY26 revenue at ₹15,422 crore, EBITDA at ₹3,181 crore, and PAT at ₹2,585 crore, with an EBITDA margin estimate of 20.6%. HDFC Securities estimated Q4 FY26 revenue at ₹15,538.9 crore and PAT at ₹2,549.3 crore, and Nirmal Bang estimated net sales at ₹15,531.2 crore and PAT at ₹2,541.1 crore.

Why the FY25 print matters for the auto sector narrative

Bajaj Auto’s FY25 results highlight a familiar theme in the two-wheeler and three-wheeler space: growth in premium products and exports can lift revenues, but reported profits can still swing meaningfully when tax provisions or investment-related charges come through.

The FY25 dividend declaration of ₹210 per share also sets a clear marker for shareholder returns, while FY25 capex of ₹813.54 crore provides a data point on investment intensity. With Q4 FY26 expectations already framed around exports, currency benefits, and premium mix, investors are likely to compare upcoming operating trends against the FY25 base that included impairment and deferred tax impacts.

Closing take

Bajaj Auto closed FY25 with double-digit revenue growth and a softer profit line, alongside a ₹210 per share dividend declaration. The next near-term milestone on the calendar is the company’s scheduled Q4 FY26 and FY26 results announcement on May 6, 2026, which brokerages expect to be volume-led with margins remaining a key watchpoint.