Bajaj Auto Q2 Results FY25 indicated a 31.42% fall in consolidated net profit on the year-on-year (YoY) basis. On the Bajaj Auto Q2 result date which was October 16, 2024, the company’s share price closed at ₹11,616.95. On October 17, 2024, Bajaj Auto share price fell to around ₹10,200. So, let’s get into the details of India’s leading automobile company’s revenue, profitability, and key driving factors.
Key Highlights of the Bajaj Auto Q2 Results FY25
1. Consolidated PAT at ₹1,385.44 crores, down 31.42% YoY
Bajaj Auto Q2 results for the financial year 2024-25 showed that consolidated profit after tax (PAT) experienced a fall because of the payment of ₹211 crores for the one-time impact on Deferred Tax for Investment Income. This happened due to the removal of indexation and changes in the tax rate in the Finance Act of 2024.
2. Consolidated Revenue at ₹13,247.28 crores, up 22.23% YoY
The consolidated revenue grew with a strong backing on vehicle and spare sales supported by a surge in export revenue.
Here is the summary of the Bajaj Auto Q2 Results FY25 and its year-on-year (YoY) and quarter-on-quarter (QoQ) growth:
| Particulars | Q2 FY25 | Q2 FY24 | Q1 FY25 | YoY Growth | QoQ Growth |
|---|---|---|---|---|---|
| Total Revenue | 13,247.28 | 10,838.24 | 11,932.07 | 22.23% | 11.02% |
| Selling & General Expenses | 474.91 | 400.88 | 491.81 | 18.47% | -3.44% |
| Depreciation/ Amortization | 98.27 | 91.82 | 95.01 | 7.02% | 3.43% |
| Total Operating Expense | 10,692.02 | 8,799.93 | 9,656.64 | 21.50% | 10.72% |
| Operating Income | 2,555.26 | 2,038.31 | 2,275.43 | 25.36% | 12.3% |
| Profit After Tax | 1,385.44 | 2,020.05 | 1,941.79 | -31.42% | -28.65% |
| Diluted EPS (in ₹) | 57.28 | 71.4 | 69.6 | -19.78% | -17.70% |
*(in ₹ crores)
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Bajaj Auto Q2 Result 2024: Quarter Happenings
- In Q2 FY25, Bajaj Auto’s standalone revenue from operations crossed ₹13,000 level for the very first time. The year-on-year growth in the standalone revenue from Q2 of FY24 was 22%. This positive rise is due to the double-digit volume growth and a rise in domestic sales and exports.
- While Bajaj Auto’s consolidated PAT has experienced a downfall, its own standalone PAT rose by 21% YoY in Q2 FY25 to ₹2,216 crores.
- Standalone EBITDA declared on the Bajaj Auto results date was disclosed at its best ever at ₹2,653 crores for Q2 FY25. It had a growth of 24% YoY and a consistent EBITDA margin of more than 20%.
- In the Bajaj Auto Q2 results, the Green Energy portfolio has left its mark with approximately 1,00,000 electric vehicles sold in the Q2 FY25. Bajaj Auto’s portfolio includes both electric and CNG vehicles which contribute around 40% of the total domestic revenues of the company.
- Bajaj Auto’s revenue from the domestic business has been growing double-digit over the last 10 quarters. The reason is strong growth in motorcycles and commercial vehicle sales backed by the rise in sales of electric scooters.
- Export revenue grew in double digits as Latin America’s business grew by 20%, becoming the biggest market. Pulsar has the highest quarterly sales of more than 1,10,000 units across markets, as per the Bajaj Auto Q2 results press release.
- Bajaj Auto’s motorcycle sales have grown in double-digits in Q2 FY25. The launch of the world’s first CNG-integrated bike has also fuelled sales with more than 30,000 units billed till Q2 of the financial year 2024-25.
- Bajaj Auto Q2 results showed the motorcycle “Triumph” has a 50% QoQ growth in volume in the domestic market.
- Commercial vehicle volumes reached an all-time high in Q2 FY25 at 1,40,000 units.
- Bajaj’s Chetak electric scooters had a volume of 70,000 in Q2 FY25, with a 3 times rise as compared to the Q2 FY24 volume. The September 2024 market share of Chetak increased to 21% from 11% in June 2024.
- Overall (Bajaj Auto plus Chetak Technology), the two-wheelers and commercial vehicles volume grew by 17% YoY and 9% YoY in Q2 FY25, respectively.
- Bajaj Auto added more than ₹2,000 crores of free cash flow (FCF) in the Q2 FY25.
- Balance Sheet had a surplus cash of ₹16,392 crores in Q2 FY25.
- The company invested ₹1,200 crores for strategic growth and EV capex.
- Bajaj Auto also distributed a dividend of ₹2,233 crores in H1 (first half) of FY25.
Conclusion
Bajaj Auto Q2 results posted a growth in revenue but has seen a drop in profits. Overall, with a rise in volumes and EV growth, this company is poised to shine in the automobile industry. But it is good if you do your analysis before investing in any stock. Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies’ quarterly results.
References
https://www.bajajauto.com/corporate/media-centre
https://www.livemint.com/companies/company-results/bajaj-auto-q2-results-live-profit-falls-by-31-42-yoy-11729143902377.html
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