Bajaj Auto Limited — Quarter and year ended 31 March 2026
| Particulars | Quarter ended | Year ended |
|---|---|---|
| 31.03.2026 (Audited) | 31.12.2025 (Unaudited) | |
| Sales in numbers | 1,371,058 | 1,341,252 |
| 1. Revenue from operations | ||
| (a) Revenue from contracts with customers | 15,225.97 | 14,381.94 |
| (b) Other operating revenue | 779.68 | 838.39 |
| Total revenue from operations | 16,005.65 | 15,220.33 |
| 2. Other income | 421.01 | 341.96 |
| 3. Total income (1+2) | 16,426.66 | 15,562.29 |
| 4. Expenses | ||
| (a) Cost of raw materials and components consumed | 10,572.62 | 9,867.82 |
| (b) Purchase of traded goods | 796.14 | 863.38 |
| (c) Changes in inventories of finished goods, work-in-progress and traded goods | (173.81) | (55.66) |
| (d) Employee benefits expense | 421.39 | 419.42 |
| (e) Finance costs | 4.86 | 2.56 |
| (f) Depreciation and amortisation expense | 113.69 | 111.94 |
| (g) Other expenses | 1,095.42 | 981.43 |
| (h) Expenses capitalised | (28.79) | (16.56) |
| Total expenses | 12,801.52 | 12,174.33 |
| 5. Profit before exceptional items and tax (3-4) | 3,625.14 | 3,387.96 |
| 6. Exceptional items (net) – (gain) / loss (see note 3) | (37.52) | 61.32 |
| 7. Profit before tax (5-6) | 3,662.66 | 3,326.64 |
| 8. Tax expense | ||
| (a) Current tax | 889.50 | 809.30 |
| (b) Deferred tax | 27.03 | 29.96 |
| (c) Deferred tax – exceptional item (see note 3 and note 4a) | – | (15.43) |
| Total tax expense | 916.53 | 823.83 |
| 9. Profit for the period, before exceptional items (5-8a-8b) | 2,708.61 | 2,548.70 |
| 9. Profit for the period (7-8) | 2,746.13 | 2,502.81 |
| 10. Other comprehensive income, net of tax | ||
| (a) Items that will not be reclassified to profit or loss (see note 4b) | (853.36) | (276.77) |
| (b) Items that will be reclassified to profit or loss | 19.49 | 27.47 |
| Total other comprehensive income, net of tax | (833.87) | (249.30) |
| 11. Total comprehensive income, net of tax (9+10) | 1,912.26 | 2,253.51 |
| 12. Paid-up equity share capital (Face value of ₹ 10) | 279.50 | 279.50 |
| 13. Other equity | ||
| 14. Basic earnings per share (₹) (not annualised except for the year ended 31 March 2026 and 31 March 2025) | 98.3 | 89.7 |
| 14. Diluted earnings per share (₹) (not annualised except for the year ended 31 March 2026 and 31 March 2025) | 98.2 | 89.6 |
| Particulars | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| A Assets | ||
| 1 Non-current assets | ||
| (a) Property, plant and equipment | 3,466.55 | 3,500.17 |
| (b) Capital work-in-progress | 43.08 | 26.02 |
| (c) Investment property | 48.31 | 47.78 |
| (d) Intangible assets | 17.89 | 2.81 |
| (e) Intangible assets under development | 55.25 | 2.24 |
| (f) Investment in subsidiaries | 5,703.88 | 4,201.95 |
| (g) Financial assets | ||
| – Investments | 16,936.64 | 18,784.83 |
| – Loans | 1,635.71 | 1,082.14 |
| – Other financial assets | 30.64 | 29.38 |
| (h) Income tax assets (net) | 1,154.07 | 1,237.61 |
| (i) Other non-current assets | 64.91 | 86.66 |
| Sub-total – Non-current assets | 29,156.93 | 29,001.59 |
| 2 Current assets | ||
| (a) Inventories | 2,353.70 | 1,957.90 |
| (b) Financial assets | ||
| – Investments | 7,472.75 | 5,583.45 |
| – Trade receivables | 2,712.20 | 2,282.64 |
| – Cash and cash equivalents | 1,220.56 | 813.42 |
| – Other bank balances | 80.47 | 515.13 |
| – Loans | 23.00 | 2.55 |
| – Other financial assets | 1,513.50 | 1,486.95 |
| (c) Other current assets | 1,353.00 | 785.27 |
| Sub-total – Current assets | 16,729.18 | 13,427.31 |
| Total – Assets | 45,886.11 | 42,428.90 |
| B Equity and liabilities | ||
| 1 Equity | ||
| (a) Equity share capital | 279.50 | 279.26 |
| (b) Other equity | 34,695.17 | 31,867.68 |
| Sub-total – Equity | 34,974.67 | 32,146.94 |
| 2 Non-current liabilities | ||
| (a) Financial liabilities | ||
| – Sales tax deferral | 73.30 | 127.64 |
| (b) Provisions | 52.86 | 0.45 |
| (c) Deferred tax liabilities (net) | 965.35 | 1,123.03 |
| (d) Government grant | 25.38 | 28.04 |
| (e) Other non-current liabilities | 0.02 | 0.05 |
| Sub-total – Non-current liabilities | 1,116.91 | 1,279.21 |
| 3 Current liabilities | ||
| (a) Financial liabilities | ||
| – Borrowings | – | 800.00 |
| – Trade payables | ||
| — Total outstanding dues of micro enterprises and small enterprises | 222.11 | 246.11 |
| — Total outstanding dues of creditors other than micro enterprises and small enterprises | 7,134.12 | 6,021.52 |
| – Other financial liabilities | 749.68 | 680.07 |
| (b) Other current liabilities | 994.90 | 772.74 |
| (c) Provisions | 470.76 | 251.06 |
| (d) Government grant | 2.65 | 2.65 |
| (e) Current tax liabilities (net) | 220.31 | 228.60 |
| Sub-total – Current liabilities | 9,794.53 | 9,002.75 |
| Total – Equity and liabilities | 45,886.11 | 42,428.90 |
| Particulars | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|
| I. Operating activities | ||
| Profit before tax | 13,071.59 | 11,051.89 |
| Adjustments to reconcile profit before tax to net cash flows: | ||
| Add: | ||
| i) Depreciation and amortisation | 448.21 | 400.09 |
| ii) Loss on property, plant and equipment sold, demolished, discarded and scrapped | 3.28 | 2.28 |
| iii) Provision for doubtful debts and advances | 3.97 | (4.92) |
| iv) Bad debts written off | 0.11 | 6.82 |
| v) Share based payment to employees | 70.60 | 64.87 |
| vi) Exchange loss/(gain) on cash and cash equivalents | 0.88 | 6.71 |
| vii) Exchange loss/(gain) on trade receivables | (41.92) | 0.07 |
| viii) Exchange loss/(gain) on import payables | 3.30 | 0.51 |
| ix) Exchange loss/(gain) on borrowings | – | 16.44 |
| x) Exchange loss/(gain) on loans given | (252.35) | (16.02) |
| xi) Loss/(gain) on fair valuation of derivative instrument | 10.49 | – |
| xii) Interest adjustment on Government grant | 1.99 | 1.79 |
| xiii) Interest income on Income-tax refund | (33.92) | – |
| xiv) Interest expense | 33.94 | 65.93 |
| 248.58 | 544.57 | |
| Less: | ||
| i) Investment income included in above: | ||
| – Interest income on fixed income securities | 166.53 | 123.81 |
| – Interest income on fixed deposits | 55.91 | 87.29 |
| – Interest income on loans | 105.50 | 7.64 |
| – Interest income on exchange traded funds | 432.53 | 436.49 |
| – Interest income on fixed maturity plans | 52.77 | 49.55 |
| – Profit/(loss) on sale of other investments, net | 12.79 | 31.05 |
| – Gain on valuation and gain on realisation of mutual funds measured at fair value through profit or loss | 484.34 | 633.28 |
| – Dividend income on other strategic investments | 32.55 | 30.10 |
| – Amortisation of premium/discount on acquisition of fixed income securities | (6.16) | 1.35 |
| 1,336.76 | 1,400.56 | |
| ii) Government grants | 2.65 | 2.65 |
| iii) Gain on NPV settlement of deferred sales tax | 34.53 | – |
| iv) Surplus on sale of property, plant and equipment | 4.08 | 3.23 |
| (1,378.02) | (1,406.44) | |
| 11,942.15 | 10,190.02 | |
| Change in assets and liabilities | ||
| i) (Increase)/decrease in inventories | (395.80) | (262.28) |
| ii) (Increase)/decrease in trade receivables | (391.72) | (162.21) |
| iii) (Increase)/decrease in loans and other assets | (736.53) | (867.26) |
| iv) Increase/(decrease) in liabilities and provisions | 1,628.81 | 1,048.93 |
| 104.76 | (242.82) | |
| Annuity payments (net) to VRS/Welfare scheme optees | (0.09) | (0.12) |
| Net cash flow from operating activities before income-tax | 12,046.82 | 9,947.08 |
| Income-tax paid (net of refunds) | (3,085.58) | (2,680.35) |
| **Net cash |