Bajaj Auto has reported its FY25 Q2 earnings and its profit after tax (PAT) stood at Rs 2,216 crore, up 21 percent compared to FY24 Q2. Bajaj’s reported PAT was at Rs 2,005 crore, and the company made an additional provision of Rs 211 crore to account for the cumulative one-time impact on Deferred Tax on Investment Income, due to the withdrawal of indexation and change in tax rate in the Finance Act, 2024.
Bajaj, a key player in the electric and CNG segments, sold a total of 1 lakh units during the second quarter and its electric and CNG portfolio now accounts for 40 percent of the automaker’s domestic sales. Its automotive business saw motorcycle sales report double-digit growth, while its two-wheeler exports also saw a 12.7 percent growth last month. Triumph sales were up 50 percent compared to the last quarter with a total of 26,500 units being sold in the domestic and international markets.
Bajaj also witnessed an impressive growth in its electric vehicle sales, which consists of the Chetak EV. In Q2, Bajaj sold 70,000 units, a three-fold increase compared to Q2 last year with a market share of 21 percent. Bajaj’s commercial vehicles saw sales of 1.40 lakh units in Q2. Bajaj’s EBITDA stands at Rs 2,653 crore, up 24 percent compared to FY24 Q2.
