Bajaj Auto delivered a strong performance in the third quarter of FY26, reporting a 25.2% year-on-year rise in consolidated net profit, driven by a recovery in exports, robust domestic motorcycle demand and the growing contribution of its electric vehicle (EV) portfolio. The company posted a net profit of ₹2,749.82 crore for the quarter, compared with ₹2,195.65 crore in the same period last year.

Revenue from operations rose 23% year-on-year to ₹16,204.45 crore, reflecting broad-based growth across domestic and international markets. For the nine months ended December, consolidated profit increased 28.2% to ₹7,082.29 crore, underscoring sustained operational momentum.

Revenue from the automotive segment climbed 20% to ₹15,428.81 crore during the quarter. Earnings before interest, tax, depreciation and amortization (Ebitda) rose 22% to a record ₹3,161 crore, while Ebitda margin expanded to 20.8%, improving by 30 basis points sequentially.

Electric vehicles continued to gain traction, accounting for 25% of Bajaj Auto’s domestic revenues in Q3 FY26, highlighting the increasing role of EVs in its India business. Exports crossed 600,000 units in quarterly volumes for the first time in 15 quarters, maintaining a double-digit year-on-year growth trend. Export growth was led by Africa and Asia, with Latin America sustaining its market-leading performance.

In the domestic market, motorcycle sales saw their strongest quarter in the premium 125cc and above category, supported by improved affordability following the reduction in GST on two-wheelers below 350cc. The commercial vehicles segment also remained strong, delivering around 80,000 units, representing growth of over 50% year-on-year.

Bajaj Auto said its balance sheet remains robust, with surplus funds of around ₹15,000 crore, even after dividend payouts and strategic investments in subsidiaries.