Bajaj Auto Q4 FY25 Results: PAT, revenue, margin almost in line with estimates, dividend announced; what should investors do?

Bajaj Auto Q4 FY25 Earnings: Pune-headquartered Bajaj Auto on Thursday reported a set of quarterly results that largely met analysts’ expectations. The motorcycle and commercial vehicle manufacturer announced a dividend of 2,100 per cent.

Bajaj Auto Q4 FY25 Results Summary | Top-line and bottom-line 

Bajaj Auto registered a standalone net profit of Rs 2,049 crore for the quarter ended March 31, marking an increase of 6.0 per cent over the corresponding period a year ago. Its revenue grew 5.8 per cent to Rs 12,148 crore, according to a regulatory filing. 

The auto manufacturer clinched a 20 per cent jump in exports during the quarter. Its domestic sales declined 8 per cent.

How did Bajaj Auto perform in comparison with estimates?  

Both top and bottom lines were almost in line with Street estimates. 

According to Zee Business research, Bajaj Auto was estimated to log a standalone net profit of Rs 2,053 crore with revenue of Rs 12,190 crore.  

Bajaj Auto Q4 FY25 Earnings | Operational performance 

The auto major logged Rs 2,450.5 crore in quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA), a key measure of operating profit. That marked an increase of 6 per cent over the year-ago period. 

The company’s margin improved by 10 basis points (bps) to 20.2 per cent, according to the filing. 

How did the company fare operationally versus estimates?

Zee Business analysts had pegged Bajaj Auto’s March-quarter EBITDA at Rs 2,480 crore and its margin at 20.3 per cent. 

Bajaj Auto Q4 Results | Dividend per share 

The Dominar motorcycle maker announced a dividend of Rs 210 per equity share, a 2,100 per cent payout given the face value of Rs 10 per equity share.

Bajaj Auto share price 

On Thursday, the Bajaj Auto stock rose by Rs 25, or 0.3 per cent, to close at Rs 8,873.3 apiece on BSE before the earnings announcement. 

At this level, the stock has gained about 1.8 per cent in 2025 so far, underperforming a 4.6 per cent rise in domestic equity benchmark Nifty 50.

Should you buy, sell or avoid Bajaj Auto shares? Check out how brokerages view the Nifty50 and Nifty Auto stock

Most analysts have held largely positive views on Bajaj Auto after the earnings announcement. 

Foreign brokerages Jefferies, Goldman Sachs and CLSA have placed their targets for the stock—part of the Nifty50 and Nifty Auto indices, among others—between Rs 8,000 and Rs 10,149.

Jefferies maintains ‘buy’ on Bajaj Auto    

Jefferies has maintained its ‘buy’ rating on Bajaj Auto while raising its target price for the stock to Rs 8,000 from Rs 7,750 per share. 

As of May 29, the target suggests a downside of 9.8 per cent from the current market price.  

Goldman Sachs retains ‘buy’ on Bajaj Auto

Goldman Sachs has kept its rating at ‘buy’ and raised its target price by Rs 300 to Rs 9,300 apiece for Bajaj Auto shares. 

CLSA continues with ‘accumulate’ rating on Bajaj Auto

Maintaining its ‘accumulate’ rating on Bajaj Auto, CLSA has raised its target price to Rs 10,149 from Rs 9,473 per share. 

Its revised target implies a potential upside of 14.4 per cent from Thursday’s close.