Bajaj Auto Ltd reported a 14 percent year-on-year rise in consolidated net profit to Rs 2,210.44 crore for the fiscal first quarter of FY26, according to its stock exchange filing. Revenue from operations climbed to Rs 13,133.35 crore in Q1 FY26, marking a 10 percent increase from the same quarter last year.

The company sold 11.11 lakh units in Q1 FY26, up 1 percent from 11.02 lakh units in the same period last year. Total two-wheeler sales were flat at 9.49 lakh units, while commercial vehicle (CV) volumes rose 7 percent to 1.62 lakh units.

Domestic sales declined 8 percent on-year to 6.35 lakh units, led by a 9 percent fall in two-wheeler sales and a 2 percent drop in CV volumes. In contrast, exports grew 16 percent to 4.76 lakh units, with two-wheeler exports rising 14 percent and CV exports surging 32 percent.

Bajaj Auto Q1 FY26: Financial and operational highlights
Standalone EBITDA for the April-June quarter stood at Rs 2,482 crore with a margin of 19.7 percent, down 50 basis points sequentially due to weaker dollar realisation. Operating leverage and better product mix helped offset commodity cost pressures.
Electric vehicle push: Chetak retail volumes more than doubled YoY, with electric vehicles now contributing over 20 percent to domestic revenue, up from the early teens last year, the company said in the filing.

Export performance: Quarterly export revenue reached a record high, driven by broad-based growth across Africa, Latin America, and Asia, despite muted performance in MENA due to geopolitical issues.

Premium motorcycles and CVs: Domestic premium motorcycle sales, along with strong performance in KTM and Triumph models, drove higher revenue. Commercial vehicle sales remained strong, with electric 3-wheelers accounting for significant growth.

Free cash flow and investments: The company generated Rs 1,200 crore in free cash flow during the quarter. It infused Rs 1,525 crore into Bajaj Auto International Holdings BV to fund the KTM Austria transaction and Rs 300 crore into its finance arm, Bajaj Auto Credit.

Bajaj Auto's consolidated total comprehensive income for the quarter rose sharply to Rs 3,232 crore, from Rs 1,979 crore a year ago. Basic earnings per share improved to Rs 79.2 from Rs 69.6 in Q1 FY25.

Bajaj Auto share price was trading flat post the Q1 results announcement, swiftly recovering from a sharp fall. The stock was trading at Rs 8,227 on NSE in the early afternoon session.