Bajaj Auto Q4 FY26: Profit +34% YoY, ₹150 Dividend

Key takeaways from Bajaj Auto’s FY26 close

Bajaj Auto ended FY26 with record performance across volumes, revenue, and profitability, alongside a major capital return plan for shareholders. The company’s board met on 6 May 2026 to approve audited results for Q4 and the year ended 31 March 2026. Along with the financials, the board recommended a final dividend of ₹150 per share and approved a share buyback proposal. The updates placed focus on both operational momentum and cash distribution.

A key driver highlighted for the quarter was record volumes and improved realisations. Bajaj Auto reported record quarterly volumes of 13.71 lakh units in Q4 FY26. For the full year, the company said it sold over 5 million units, surpassing its previous peak in FY19.

Standalone Q4 FY26: revenue up 32%, profit up 34%

On a standalone basis, Bajaj Auto reported Q4 FY26 revenue from operations of ₹16,006 crore, up 32% year-on-year. The company attributed the growth to record quarterly volumes, favourable USD/INR realisation, and a richer product mix. Standalone profit after tax (PAT) for Q4 FY26 rose 34% year-on-year to ₹2,746 crore.

Operating profitability also improved on the standalone set of numbers. EBITDA grew 36% YoY to ₹3,323 crore. The EBITDA margin stood at 20.8%, up 60 basis points versus the same quarter last year and flat sequentially despite cost pressures. The company also reported year-on-year margin expansion from 20.2% to 20.8% for the quarter on this standalone basis.

Consolidated Q4 FY26: PAT more than doubles in one dataset

The article text also included consolidated quarterly figures and a second set of Q4 operating metrics. In one consolidated highlight, revenue from operations for Q4 FY26 was reported at ₹17,832.46 crore, up 41.01% YoY and up 10.05% QoQ. Total income for the quarter was reported at ₹18,493.86 crore.

On these consolidated Q4 metrics, EBITDA was ₹3,075.22 crore, up 14.20% YoY but down 17.55% QoQ, while EBITDA margin was 17.25% versus 21.29% in Q4 FY25 and 23.02% in Q3 FY26. The margin compression was attributed in the text to higher raw material and other costs. Consolidated PAT for Q4 FY26 was stated at ₹3,661.92 crore, a 103.23% YoY increase and 33.17% QoQ growth.

FY26 consolidated performance and KTM consolidation

For FY26 on a consolidated basis, revenue was reported at ₹62,905 crore, up 23% YoY. Consolidated profit after tax was ₹10,744 crore, up 47% YoY. The increase was linked in the article to consolidation of KTM AG and its subsidiaries after Bajaj Auto acquired a controlling stake in November 2025.

On the standalone full-year numbers cited, revenue from operations for FY26 was ₹58,732 crore, up 17% YoY, and PAT was ₹9,825 crore, up 21% YoY. The company’s FY26 EBITDA on a standalone basis was reported at ₹12,019 crore, with margins expanding to 20.5%.

Dividend: ₹150 per share, record date 29 May

Bajaj Auto’s board recommended a final dividend of ₹150 per equity share for FY26. This represents 1,500% of the face value of ₹10 per share. The record date for determining dividend entitlement was set as 29 May 2026.

Subject to shareholder approval at the Annual General Meeting and tax deduction at source, the dividend is scheduled to be credited or dispatched on or around 24 July 2026. The AGM is scheduled for Tuesday, 21 July 2026. The text also noted the dividend is lower than last year’s ₹210 per share declared for the fourth quarter of FY2024-25.

Buyback: ₹12,000 per share, up to ₹5,633 crore

The board also approved a share buyback at ₹12,000 per share, with a total consideration of up to ₹5,633 crore. The proposal is to repurchase up to 4,694,000 equity shares (46.94 lakh shares), which represents around 1.68% of the company’s paid-up equity share capital.

The buyback will be conducted via the tender offer route on a proportionate basis and is subject to shareholder approval by a special resolution through postal ballot, along with other required approvals. The buyback price was described as a premium of about 16% to the current market price and 16.3% over the last closing price on BSE.

Bajaj Auto Credit: AUM nearly doubles in FY26

The financing subsidiary, Bajaj Auto Credit Limited, was another standout in the article. Its assets under management (AUM) nearly doubled to ₹18,835 crore in FY26. Profit after tax surged over 11x to ₹665 crore, and return on equity was reported at 23% for FY26.

Market reaction and stock reference points

Following the announcement, the stock rose nearly 3% to close at ₹10,319 on the NSE, according to the text. Separately, the article included other reference points around the period, including a close at ₹10,043.45 on Tuesday and a 52-week high of ₹10,480.65 on Monday, 4 May. The company’s market capitalisation was cited at about ₹2.8 lakh crore, and also at ₹2.73 lakh crore as of 30 April 2026 in another reference.

Snapshot table: financials and shareholder returns

Why the announcement matters

The combination of record operating performance and a sizeable capital return programme stood out in the disclosures. Bajaj Auto also stated that the dividend and buyback add up to about ₹9,825 crore, resulting in a payout of 100% of the year’s profit after tax, aligning with the standalone PAT number provided for FY26. The proposed buyback structure and timeline will depend on shareholder and regulatory processes, with further details to be issued through a public announcement and letter of offer.

Conclusion

Bajaj Auto’s FY26 and Q4 FY26 results showed strong growth in revenue and profits, supported by volumes, realisations, and product mix, while consolidated FY26 performance reflected the KTM AG consolidation. The company’s next formal milestones include the dividend record date on 29 May 2026 and shareholder approvals related to the dividend and the tender-offer buyback process.