Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Bajaj Auto Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 8,929 | 10,312 | 10,838 | 12,165 | 11,555 | 11,932 | 13,247 | 13,169 | 12,646 | 13,133 | 15,735 | 16,204 | 17,832 |
| Expenses + | 7,272 | 8,380 | 8,708 | 9,750 | 9,271 | 9,562 | 11,174 | 10,418 | 10,289 | 10,340 | 12,906 | 12,475 | 14,757 |
| Operating Profit | 1,657 | 1,932 | 2,130 | 2,415 | 2,284 | 2,370 | 2,073 | 2,751 | 2,358 | 2,793 | 2,829 | 3,730 | 3,075 |
| OPM % | 19% | 19% | 20% | 20% | 20% | 20% | 16% | 21% | 19% | 21% | 18% | 23% | 17% |
| Other Income + | 595 | 351 | 552 | 356 | 444 | 335 | 399 | 348 | 392 | 509 | 576 | 359 | 1,894 |
| Interest | 16 | 12 | 7 | 12 | 30 | 47 | 75 | 120 | 147 | 224 | 287 | 314 | 344 |
| Depreciation | 76 | 87 | 92 | 93 | 93 | 95 | 98 | 102 | 119 | 118 | 119 | 119 | 289 |
| Profit before tax | 2,160 | 2,184 | 2,584 | 2,666 | 2,606 | 2,564 | 2,299 | 2,876 | 2,484 | 2,961 | 2,999 | 3,656 | 4,336 |
| Tax % | 21% | 25% | 22% | 24% | 23% | 24% | 40% | 24% | 27% | 25% | 29% | 25% | 19% |
| Net Profit + | 1,705 | 1,644 | 2,020 | 2,033 | 2,011 | 1,942 | 1,385 | 2,196 | 1,802 | 2,210 | 2,122 | 2,750 | 3,492 |
| EPS in Rs | 60.25 | 58.11 | 71.39 | 71.78 | 72.05 | 69.55 | 49.61 | 78.62 | 64.52 | 79.15 | 75.99 | 98.38 | 131.02 |
Financials of Bajaj Auto Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 21,595 | 22,574 | 21,755 | 25,210 | 30,358 | 29,919 | 27,741 | 33,145 | 36,455 | 44,870 | 50,995 | 62,905 |
| Expenses + | 17,467 | 17,781 | 17,326 | 20,364 | 25,160 | 24,809 | 22,803 | 27,886 | 29,991 | 36,106 | 41,440 | 49,844 |
| Operating Profit | 4,128 | 4,793 | 4,429 | 4,846 | 5,198 | 5,109 | 4,938 | 5,259 | 6,465 | 8,765 | 9,555 | 13,061 |
| OPM % | 19% | 21% | 20% | 19% | 17% | 17% | 18% | 16% | 18% | 20% | 19% | 21% |
| Other Income + | 228 | 1,194 | 1,468 | 1,404 | 2,028 | 1,832 | 1,570 | 2,671 | 1,703 | 1,700 | 1,472 | 2,704 |
| Interest | 6 | 1 | 1 | 1 | 4 | 3 | 7 | 9 | 40 | 60 | 389 | 1,169 |
| Depreciation | 267 | 307 | 307 | 315 | 266 | 246 | 259 | 270 | 286 | 365 | 414 | 645 |
| Profit before tax | 4,083 | 5,679 | 5,588 | 5,933 | 6,956 | 6,692 | 6,241 | 7,652 | 7,842 | 10,040 | 10,224 | 13,952 |
| Tax % | 31% | 28% | 27% | 29% | 29% | 22% | 22% | 19% | 23% | 23% | 28% | 24% |
| Net Profit + | 3,026 | 4,061 | 4,079 | 4,219 | 4,928 | 5,212 | 4,857 | 6,166 | 6,060 | 7,708 | 7,325 | 10,574 |
| EPS in Rs | 104.56 | 140.35 | 140.98 | 145.80 | 170.29 | 180.11 | 167.85 | 213.08 | 214.17 | 276.10 | 262.29 | 384.41 |
| Dividend Payout % | 48% | 39% | 39% | 41% | 35% | 67% | 83% | 66% | 65% | 29% | 80% | 39% |
Financials of Bajaj Auto Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 289 | 289 | 289 | 289 | 289 | 289 | 289 | 289 | 283 | 279 | 279 | 280 |
| Reserves | 10,806 | 13,731 | 17,567 | 20,136 | 22,944 | 21,373 | 26,984 | 29,570 | 29,079 | 28,683 | 34,909 | 38,552 |
| Borrowings + | 112 | 118 | 120 | 121 | 125 | 126 | 121 | 123 | 124 | 1,912 | 9,364 | 22,713 |
| Other Liabilities + | 4,758 | 3,102 | 3,661 | 4,595 | 5,476 | 4,722 | 6,207 | 5,129 | 5,651 | 8,470 | 9,557 | 15,678 |
| Total Liabilities | 15,966 | 17,240 | 21,638 | 25,141 | 28,834 | 26,510 | 33,602 | 35,111 | 35,136 | 39,344 | 54,110 | 77,223 |
| Fixed Assets + | 2,448 | 2,026 | 2,002 | 1,878 | 1,764 | 1,699 | 1,668 | 1,836 | 2,842 | 3,217 | 3,677 | 13,362 |
| CWIP | 255 | 52 | 42 | 56 | 48 | 60 | 16 | 77 | 85 | 35 | 61 | 120 |
| Investments | 8,985 | 11,067 | 15,477 | 18,895 | 20,603 | 19,914 | 24,687 | 26,634 | 26,183 | 28,087 | 28,914 | 24,642 |
| Other Assets + | 4,277 | 4,095 | 4,117 | 4,312 | 6,420 | 4,837 | 7,232 | 6,564 | 6,026 | 8,005 | 21,459 | 39,099 |
| Total Assets | 15,966 | 17,240 | 21,638 | 25,141 | 28,834 | 26,510 | 33,602 | 35,111 | 35,136 | 39,344 | 54,110 | 77,223 |
Financials of Bajaj Auto Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2,114 | 3,690 | 3,267 | 4,328 | 2,487 | 3,850 | 3,120 | 4,197 | 5,277 | 6,558 | -1,406 | 2,597 |
| Cash from Investing Activity + | -380 | -68 | -3,610 | -1,954 | -273 | 1,766 | -2,869 | 276 | 1,211 | -72 | -1,053 | -7,034 |
| Cash from Financing Activity + | -1,644 | -3,384 | -190 | -1,885 | -2,074 | -6,247 | -20 | -4,056 | -7,181 | -6,167 | 4,230 | 5,079 |
| Net Cash Flow | 90 | 238 | -532 | 488 | 140 | -630 | 231 | 417 | -692 | 319 | 1,771 | 642 |
| Free Cash Flow | 1,819 | 3,419 | 3,070 | 4,145 | 2,379 | 3,570 | 2,866 | 3,680 | 4,304 | 5,847 | -2,273 | 1,885 |
| CFO/OP | 82% | 115% | 108% | 124% | 86% | 108% | 90% | 112% | 111% | 102% | 14% | 46% |
Financials of Bajaj Auto Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 12 | 12 | 16 | 22 | 31 | 21 | 36 | 17 | 18 | 17 | 15 | 20 |
| Inventory Days | 20 | 17 | 18 | 16 | 16 | 18 | 28 | 18 | 22 | 19 | 22 | 54 |
| Days Payable | 43 | 49 | 56 | 68 | 63 | 56 | 85 | 54 | 58 | 64 | 66 | 76 |
| Cash Conversion Cycle | -11 | -20 | -22 | -31 | -17 | -16 | -22 | -19 | -18 | -28 | -29 | -1 |
| Working Capital Days | -22 | -4 | -2 | -21 | -4 | -9 | -0 | -3 | -9 | -30 | -6 | 68 |
| ROCE % | 40% | 45% | 35% | 31% | 30% | 30% | 25% | 23% | 27% | 34% | 28% | 28% |