BAJAJ-AUTONSEBajaj Auto Limited· Automobiles - 2 And 3 WheelersMediumNeutral
Announced Thu, 5 Jun · 16:48 IST

Bajaj Auto Limited has informed the Exchange about Transcript

Mgmt Guided Margin PressurePromoter Disclosed Acquisition PlansInvestor Communications View source PDF

BAJAJ-AUTO · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Bajaj Auto filed the transcript of its Q4 FY25 earnings call held on May 29, 2025. The company reported a landmark year with revenue crossing ₹50,000 crore for the first time (up 12% YoY), EBITDA crossing ₹10,000 crore (₹10,101 crore) with steady margins of 20.2%, and profit after tax surpassing ₹8,000 crore (up 9% YoY, 12% adjusted for a one-time deferred tax). Exports grew 20% in Q4, with Latin America now accounting for over 30% of export volumes and the Brazil plant being expanded to 50,000 units annually. Domestically, the 125cc+ motorcycle market share slipped to 24% from 26% in FY24, which management plans to reverse through new Pulsar variants and the Freedom CNG motorcycle. Chetak became the #1 electric two-wheeler in India with 25% market share, and electric three-wheeler market share doubled to 33%. A ₹210 per share dividend was declared (72% payout). Key strategic announcement: Bajaj intends to acquire a controlling stake in KTM through its Netherlands subsidiary, having arranged €800 million in debt funding.

Likely market impact

Strong record financials reinforce the company's earnings quality, while the planned KTM takeover signals a major strategic expansion but adds execution and integration risk. Near-term watchpoints include margin pressure in Q1 from currency headwinds and ~1% material cost impact from OBD IIB norms, plus supply risk on rare earth magnets from China that could affect EV output by July.