Bajaj Auto Ltd has reported robust Q1 FY25 results, surpassing expectations with an 18% year-on-year increase in consolidated net profit to Rs 1,988 crore. The Pune-based automaker’s revenue for the April-June quarter rose by 16% to Rs 11,932 crore, driven by strong 2-wheeler sales and higher realizations.

Analysts had anticipated Bajaj Auto’s net profit to grow by 18% year-on-year to Rs 1,965 crore and revenue to increase by 14% to Rs 11,793 crore.

During the quarter, Bajaj Auto sold 11,02,056 vehicles, marking a 7% growth from the same period last year. The company highlighted its strong performance across motorcycles, commercial vehicles, and electric scooters, with the electric portfolio contributing 14% to domestic revenues.

EBITDA for Q1FY25 increased by 24% to Rs 2,415 crore, with an operating margin improvement of 130 basis points to 20.2% year-on-year. Bajaj Auto attributed this to improved realization and cost efficiencies despite challenges from the growing electric vehicle segment.

In terms of exports, Bajaj Auto reported double-digit revenue growth, driven by strong performances in LATAM and Asia. The company emphasized its leadership position in LATAM, where it recently inaugurated its first owned overseas assembling facility in Manaus, Brazil, with an annual capacity of 20,000 units on a single shift basis.

Overall, Bajaj Auto’s Q1 results underscore its resilience and strategic growth initiatives, positioning it favorably in the competitive automotive market.