ALFA Finder| EBITDA Margin: guided vs achieved | 20.80% achieved Guided 20.00%, 4.0% above the top of the range; confirmed by management |
|---|---|
| Management target | Revenue 9.0% FY27 |
| Revenue growth | Record 32% YoY growth in Q4, broad-based across segments. |
|---|---|
| Margins | Sustained 20%+ margins; facing 3-4% commodity inflation pressure. |
| Demand visibility | Softening in Q1 motorcycle industry; strong visibility in high-end EV segments. |
| Management confidence | Balanced; celebrating record performance while being cautious about Q1 headwinds. |
Growth
Volume growth of 24% translated to 32% revenue growth; high-end KTM/Triumph and three-wheelers outperformed.
Outlook
Export volume targets of 220k units/month; FY27 motorcycle industry growth expected to slow to 7-9%.
Risks
Middle East geopolitical tension, potential 3-5% margin erosion from metal prices, and fuel availability in Nigeria.
Last quarter's promises, checked
Delivered
- Guided 50-60 bps cost inflation → delivered 40 bps (= BEAT)
- Guided 200k export units/month → delivered 200k+ avg (= BEAT)
- Guided EBITDA margin 20% → delivered 20.8% (= BEAT)
Partly delivered
- Guided Nigeria recovery → delivered FY26 volumes equal to FY25 but below peak (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: BAJAJ-AUTO. Summary written with AI assistance from the document.
Bajaj Auto Ltd: key numbers
- Share price
- ₹11,117.00
- Market cap
- ₹3,10,718 Cr
- Revenue (annual)
- ₹62,905 Cr
- Net profit (annual)
- ₹10,744 Cr
- P/E (TTM)
- 23.8×Sector 32.5×
- Promoter holding
- 55.95%+0.94% QoQ
- FII holding
- 8.87%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Bajaj Auto Ltd
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- Execution
- E-voting 07 November 2026 to 06 December 2026; director term 01 January 2027 to 31 December 2031
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Bajaj Auto Earnings Call Transcript: Key Takeaways
Bajaj Auto delivered record revenue and EBITDA despite hyper-inflationary pressures, driven by export recovery and a surging EV portfolio. The 'True Narrative' shows a deliberate sacrifice of 100cc volumes to protect corporate margins.
Bajaj Auto Management Change
Bajaj Auto's board approved appointing Ms. Pallavi Joshi Bakhru as Non-Executive Independent Director effective January 2027. The appointment is subject to shareholder approval.
Bajaj Auto Q2 FY27 Results: Net Profit ₹3,384 Cr, Up 59.5% YoY
Bajaj Auto Ltd reported revenue from operations of ₹25,126 Cr (+59.7% YoY) and net profit of ₹3,384 Cr (+59.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹3,384 Cr · +59.5% YoY