Quarterly & Annual Financial Results with Corporate Actions
Bajaj Auto Reports Record FY26 Revenue, Profit and Cash Generation; Announces Dividend and Buyback
NSE
bajaj-auto
BSE
532977
Bajaj Auto reported record FY26 financial performance driven by strong domestic and export growth, robust profitability, and milestone electric vehicle performance, while also announcing a ₹150 per share final dividend and buyback approval.
PRICE-SENSITIVE TRIGGER
Event: Company announced FY26 and Q4 FY26 audited financial results along with dividend and buyback
Type: Quarterly & Annual Financial Results with Corporate Actions
Impact: Positive
Immediate Effect: Record revenue, profit growth, strong export momentum, and shareholder payout announcements strengthen investor sentiment
Key Metrics:
- FY26 Revenue: ₹58,732 Crore (+17% YoY)
- FY26 EBITDA: ₹12,019 Crore (+19% YoY)
- FY26 EBITDA Margin: 20.5%
- FY26 PAT: ₹9,825 Crore (+21% YoY)
- Q4 FY26 Revenue: ₹16,006 Crore (+32% YoY)
- Q4 FY26 EBITDA: ₹3,323 Crore (+36% YoY)
- Q4 FY26 PAT: ₹2,746 Crore (+34% YoY)
- FY26 Total Vehicle Volumes: 51.18 Lakh Units (+10% YoY)
- Final Dividend Recommended: ₹150 Per Share
- Free Cash Flow Generated: ₹8,000+ Crore
Highlight:
- Highest-ever annual revenue, EBITDA, and PAT achieved.
- Exports crossed 22.5 lakh units with strong international growth.
- Chetak EV business crossed ₹4,000 crore revenue milestone.
- Dividend and buyback together imply 100% PAT payout.
What Happened ?
Bajaj Auto announced record FY26 and Q4 FY26 financial results driven by strong growth across motorcycles, commercial vehicles, exports, and electric vehicle businesses.
The company achieved its highest-ever annual revenue, profitability, and vehicle volumes during FY26. Export performance remained particularly strong, while the domestic business witnessed growth led by premium motorcycles and electric vehicles.
The board recommended a final dividend of ₹150 per share and also approved a buyback under the tender offer route as part of its shareholder return strategy.
key highlights
Operational & Business Performance Highlights:
- FY26 vehicle volumes crossed 5 million units for the first time.
- Exports exceeded 22.5 lakh units during FY26.
- Domestic motorcycle revenues grew strongly led by Pulsar portfolio.
- KTM-Triumph business delivered record global revenues.
- Commercial vehicle business strengthened ICE and e3W positioning.
- Chetak EV revenues crossed ₹4,000 crore during FY26.
- Free cash flow accretion exceeded ₹8,000 crore.
- Surplus cash position exceeded ₹18,000 crore after investments and shareholder payouts.
- Bajaj Auto Credit AUM nearly doubled to ₹18,835 crore.
- BACL PAT surged more than 11x during FY26.
- Bajaj increased effective stake in KTM-related business structure to approximately 74.9%.
- PMAG/BMAG-KTM AG results consolidated with reporting adjustments due to European reporting timelines.
Note:
- The company demonstrated broad-based growth across ICE, EV, domestic, export, financing, and international subsidiary businesses, highlighting strong portfolio diversification.
Risk Analysis
Key Risks
- Export growth remains dependent on global economic conditions.
- Currency volatility can affect realization and margins.
- EV market competition continues to intensify.
- KTM-related international operations may face integration and reporting complexities.
- Commodity and input cost inflation could pressure margins.
Worst Case Scenario
- Weak export demand, slower EV growth, or margin pressure from competitive pricing could moderate future earnings momentum.
Risk Level: Medium
Company Commentary
- Company achieved record revenues, profits, and cash generation in FY26.
- Board recommended final dividend of ₹150 per share.
- Buyback approved through tender offer route.
- Management highlighted strong momentum across domestic and export businesses.
- Chetak retained leadership positioning among electric scooters.
Official Exchange Filing: Bajaj Auto Limited