Mumbai: Bajaj Auto reported a 9% rise in standalone net profit for Q2FY25, reaching Rs 2,005 crore, media reports said.
The company’s revenue for the July-September quarter saw a 22% increase to Rs 13,127 crore, up from Rs 10,777 crore in the same period last year, as per its stock exchange filing on October 16, reported Moneycontrol.
On the same day, Bajaj Auto's shares closed 0.88% higher on the BSE, at Rs 11,622.5 per share, the report said.
The company highlighted a 22% year-on-year increase in revenue from operations, driven largely by the growth of electric and CNG vehicles.
These now account for 40% of total domestic revenue across the two-wheeler (2W) and three-wheeler (3W) segments.
"Balance sheet remains healthy with surplus cash of Rs 16,392 crore, after investing Rs 1,200 crore in strategic growth enablers (mainly capital infusion into Bajaj Auto Credit Ltd. and EV capex) and distributing Rs 2,233 crore as dividends in H1 FY25," the company stated.
Bajaj Auto also reported double-digit export revenue growth, while its Pulsar range recorded its highest quarterly sales of over 1 lakh units.
The company attributed its high revenue to sustained momentum in the domestic market, with double-digit growth in both motorcycles and commercial vehicles.
Electric scooter sales nearly tripled, showcasing the strength of its diverse portfolio in capturing opportunities across both conventional and emerging segments.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
