In short: Bajaj Auto's Q2 FY27 revenue rose 34.1% to ₹20,003 crore from a year earlier, and net profit rose 35.2% to ₹3,354 crore. EBITDA margin was 20.9%, unchanged from the previous quarter. Export volumes rose 40.7% from a year earlier to 7,78,528 vehicles, more than Bajaj Auto sold in India, where volumes grew 4.0%.
What changed in Bajaj Auto's Q2 FY27 results
- Revenue from operations was ₹20,003 crore, up 34.1% from a year earlier and up 16.0% from the previous quarter.
- Net profit was ₹3,354 crore, up 35.2% from a year earlier and up 12.4% from the previous quarter.
- EBITDA was ₹4,172 crore, up 36.7% from a year earlier and up 16.0% from the previous quarter.
- EBITDA margin was 20.9%, unchanged from the previous quarter and up 40 bps from a year earlier.
Bajaj Auto Q2 FY27 results at a glance
| Metric | Q2 FY27 | Q1 FY27 | Q2 FY26 | QoQ | YoY |
|---|---|---|---|---|---|
| Standalone revenue (₹ crore) | 20,003 | 17,244 | 14,922 | +16.0% | +34.1% |
| EBITDA (₹ crore) | 4,172 | 3,596 | 3,052 | +16.0% | +36.7% |
| Net profit (₹ crore) | 3,354 | 2,983 | 2,480 | +12.4% | +35.2% |
| EBITDA margin | 20.9% | 20.9% | 20.5% | 0 bps | +40 bps |
Genvest analysis
Revenue from operations rose 34.1% from a year earlier and 16.0% from the June quarter to ₹20,003 crore, which the company says is its first quarter above ₹20,000 crore. Net profit rose 35.2% from a year earlier and 12.4% from June to ₹3,354 crore. Bajaj Auto sold 15,48,884 vehicles, 19.7% more than a year earlier, and says pricing, a richer sales mix and favourable currency realisation added to the volume growth. Other operating revenue, which the filing does not break down, rose to ₹1,124 crore from ₹498 crore.
Exports rose 40.7% to 7,78,528 vehicles, slightly more than the 7,70,356 sold in India. Two-wheeler exports rose 43.2% to 6,76,545 and commercial vehicle exports 26.0% to 1,01,983. The company says exports grew despite intermittent logistics disruptions, with Africa nearly doubling its billing from a year earlier to a quarterly high above its FY21 peak, and Latin America setting another sales record.
Domestic volumes rose 4.0%, but the company says domestic revenue rose 30%, led by electric vehicles. Its electric portfolio reached a record of about 2 lakh units, against 82,000 a year earlier, despite constrained supply, and now makes up a third of domestic revenue. Chetak scooter volumes more than doubled and revenue crossed ₹2,000 crore, even as demand outstripped supply; electric three-wheeler volumes and revenue also more than doubled. Domestic two-wheeler volumes rose 1.8% to 6,07,416 and commercial vehicles 13.0% to 1,62,940, while KTM and Triumph motorcycles sold in India topped 40,000 units, with revenue up 45%.
EBITDA rose 36.7% to ₹4,172 crore, and the EBITDA margin was 20.9%, against 20.5% a year earlier and level with June. The company says currency gains, operating leverage and cost control made up for input-cost inflation that pricing only partly recovered. By our calculation from the filing, raw material and traded-goods costs rose to 71.9% of revenue from 70.1% a year earlier, while other expenses fell to 5.1% from 6.8% and employee costs to 2.3% from 2.7%. Other income rose 13.6% to ₹419 crore, but was 18.1% lower than in June.
Consolidated net profit attributable to shareholders was ₹3,436 crore on revenue of ₹25,126 crore, but the company says these figures are not comparable with a year earlier. On 18 November 2025 it took control of Bajaj Auto International Holdings AG, which holds about 74.9% of Bajaj Mobility AG, the parent of KTM AG. It now consolidates that group's results with a one-quarter lag; a year earlier, the accounts carried a ₹634 crore share of its loss as an associate, covering six months. In July Bajaj Auto completed a ₹5,632.80 crore buyback of 46,94,000 shares. It says it has returned about ₹10,000 crore to shareholders through dividends and the buyback, and still has surplus funds of about ₹15,500 crore.
What Bajaj Auto's results mean for fund investors
- Auto and transportation funds. Carmakers, two-wheeler makers and auto-parts companies make up most of these funds, so results days move them more than diversified equity funds.
- Index funds. The Nifty Auto index is made up of vehicle and auto-parts makers, and the largest of them are also in the Nifty 50, so index funds tracking either hold the company in proportion to its weight.
- Overlap. If you hold several auto funds, or vehicle-maker shares alongside them, check how concentrated you are with the portfolio analyzer.
Bajaj Auto Q2 FY27 results: questions
When did Bajaj Auto announce Q2 FY27 results?
Bajaj Auto announced its Q2 FY27 results on 27 October 2026.
What was Bajaj Auto's Q2 FY27 net profit?
Net profit was ₹3,354 crore, up 35.2% from a year earlier and up 12.4% from the previous quarter.
What was Bajaj Auto's Q2 FY27 revenue?
Revenue from operations was ₹20,003 crore, up 34.1% from a year earlier and up 16.0% from the previous quarter.
Other auto Q2 FY27 results
- Bajaj Auto Q2 FY27 results · 27 October 2026 · net profit +35.2% YoY
- Maruti Suzuki Q2 FY27 results · 27 October 2026 · net profit −26.9% YoY
- Hyundai Motor India Q2 FY27 results · 28 October 2026 · net profit −24.3% YoY
- TVS Motor Q2 FY27 results · 28 October 2026 · net profit +52.4% YoY
All auto Q2 FY27 results in one place
Sources
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