Bajaj Auto Limited

Bajaj Auto has received affirmation in credit ratings from CRISIL as under: Cash credit (Rs 394 crore) - CRISIL AAA/ Stable Bank guarantee (Rs 238 crore) - CRISIL A1+ Proposed non fund based limit (Rs 259.75 crore) - CRISIL A1+ Powered by Capital Market - Live

Bajaj Auto reported sales of 3,84,621 units in month of May 2025 compared to 3,55,323 units in May 2024, achieving a growth of 8%. Total sales include domestic sales of 2,25,733 units and exports of 1,58,888 units. Exports clocked 22% YoY growth while domestic sales remained flat. The company's 2-wheeler sales rose 9% to 3,32,370 units while commercial vehicle sales rose 5% to 52,251 units in May 2025. Powered by Capital Market - Live

Bajaj Auto announced that the 18th Annual General Meeting(AGM) of the company will be held on 6 August 2025.Powered by Capital Market - Live

Bajaj Auto announced that the Board of Directors of the Company at its meeting held on 29 May 2025, inter alia, have recommended the final dividend of Rs 210 per equity Share (i.e. 2100%) , subject to the approval of the shareholders.Powered by Capital Market - Live

The top-line growth was driven by strong double-digit gains in premium motorcycles, electric scooters, and commercial vehicles. Exports also posted healthy volume-led growth. However, the overall revenue fell short of double-digit expansion due to a temporary suspension of KTM exports. The company's premium segment under KTM and Triumph continues to gain domestic traction. Triumph sales doubled, reaching a new high of approximately 12,000 units. Bajaj is now focusing on Tier 2 and Tier 3 cities with targeted activations to widen reach and tap into new demand pockets. Profit before tax (PBT) stood at Rs 2,703 crore in Q4 FY25, up 6% year-on-year, but down 3% quarter-on-quarter. EBITDA came in at Rs 2,451 crore, up 6% YoY, but down 5% sequentially. EBITDA margin held steady at 20.2%, unchanged from Q3 FY25 and slightly higher than 20.1% in Q4 FY24. This marked the sixth consecutive quarter of EBITDA margins above 20%. Margin strength was aided by better gross margins, thanks to favorable forex movements and cost reductions on the new Chetak EV platform, which offset operating deleverage and increased discretionary spending on branding and manufacturing tools. On a sequential basis, net profit fell 3% and net sales declined 5% compared to Q3 FY25. For the full fiscal year FY25, Bajaj Auto posted a 12% increase in revenue to Rs 51,431 crore, while net profit rose 9% to Rs 8,151 crore. EBITDA rose 14% to Rs 10,101 crore, and PBT grew 13% to Rs 11,052 crore. EBITDA margin for the year improved to 20.2%, up from 19.7% in FY24. The company's standalone net cash from operating activities stood at Rs 7266.73 crore in FY25, as against Rs 7478.27 crore in FY24. Bajaj Auto's domestic sales volume declined 7% year-on-year to 6,13,248 units in Q4 FY25, compared to 6,57,330 units in the same quarter last year. On a sequential basis, volumes were down 13% from 7,07,105 units in Q3 FY25. Known for its popular Pulsar brand, the company sold 5,01,096 two-wheelers and 1,12,152 commercial vehicles during the quarter. On the exports front, Bajaj Auto saw strong momentum, shipping 4,89,686 units in Q4 FY25, up 19% from 4,11,246 units in the year-ago period. The board recommended a dividend of Rs 210 per share for the financial year ended 31 March 2025. Following the result, shares of Bajaj Auto fell 2.24% to Rs 8674.40. Powered by Capital Market - Live

Upcoming Results: Apollo Hospital Enterprise, Vodafone Idea, FSN E-Commerce Ventures (Nykaa), Ashiana Housing, AstraZeneca Pharma India, Ahluwalia Contracts (India), Valor Estate, Easy Trip Planners, Fiem Industries, Genesys International Corporation, Genus Power Infrastructures, Greenlam Industries, Indo Count Industries, TCPL Packaging will declare their results later today. Stocks to Watch: Bajaj Auto's consolidated net profit declined 10.4% to Rs 1801.85 crore despite a 8.5% increase in net sales to Rs 12,204.49 crore in Q4 FY25 over Q4 FY24. Suzlon Energy's consolidated net profit surged 365.2% to Rs 1182.22 crore on 73.2% jump in net sales to Rs 3,773.54 crore in Q4 FY25 over Q4 FY24. Mazagon Dock Shipbuilders reported 50.9% decline in consolidated net profit to Rs 325.29 crore, despite a 2.3% increase in net sales to Rs 3,174.41 crore in Q4 Mach 2025 over Q4 March 2025. Landmark Cars' consolidated net profit fell 86.6% YoY to Rs 1.42 crore in Q4 FY25. Net sales jumped 26.3% YoY to Rs 1091.22 crore in the quarter ended 31st March 2025.. Ola Electric Mobility's consolidated net loss widened to Rs 870 crore in Q4 FY25 as compared with net loss of Rs 416 crore in Q4 FY24. Net sales tumbled 61.8% YoY to Rs 611 crore in Q4 FY25. Sobha's consolidated net profit zoomed 481.2% to Rs 40.86 crore, while net sales jumped 62.6% to Rs 1240.62 crore in Q4 FY25 over Q4 FY24. Powered by Capital Market - Live

Net profit of Bajaj Auto declined 10.42% to Rs 1801.85 crore in the quarter ended March 2025 as against Rs 2011.43 crore during the previous quarter ended March 2024. Sales rose 8.49% to Rs 12204.49 crore in the quarter ended March 2025 as against Rs 11249.80 crore during the previous quarter ended March 2024. For the full year,net profit declined 4.98% to Rs 7324.73 crore in the year ended March 2025 as against Rs 7708.24 crore during the previous year ended March 2024. Sales rose 12.53% to Rs 49266.95 crore in the year ended March 2025 as against Rs 43782.08 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales12204.4911249.80 8 49266.9543782.08 13 OPM %19.3220.30 -19.3920.01 - PBDT2603.462698.56 -4 10637.7610404.81 2 PBT2484.232605.75 -5 10223.5310040.04 2 NP1801.852011.43 -10 7324.737708.24 -5 Powered by Capital Market - Live

Bajaj Auto has fixed 20 June 2025 as record date for dividend of Rs 210 per share for FY 2025. Powered by Capital Market - Live

Bajaj Auto will hold a meeting of the Board of Directors of the Company on 22 May 2025.Powered by Capital Market - Live

In a significant move underscoring its commitment to its long-term partnership with KTM and recognising the opportunity in the exciting world of premium/sports motorcycles given the brand's preeminent position, Bajaj Auto, through its wholly owned subsidiary Bajaj Auto International Holdings BV (BAIHBV), intends to take control of the KTM business that is headquartered in Austria, subject to necessary regulatory approvals. With this action and post requisite approvals coming through, Bajaj will shift gears from hitherto being a dormant minority investor to a majority owner in the global KTM company, whilst it continues to accelerate the thriving KTM business that is run out of India under the joint development program, where it develops, makes and sells in India as well as exports to 80 countries across the KTM network. Simultaneously, BAIHBV has arranged a debt funding package of '800 million to enable the continuity of the KTM business by paying off the approved quota to the creditors in furtherance of KTM's debt restructuring with the approval of the competent Court in Austria and infusing funds into the company to revive its operations and working capital cycle. Of this total '800 million debt package, '200 million has already been infused into the company so far and the balance '600 million is being done now. This twin move of taking ownership (subject to approvals) and paring down debt by providing liquidity at a crucial stage, positions Bajaj Auto as a driving force in shaping the future of one of world's most admired high performance motorcycle companies. Existing Structure ' Bajaj Auto has a wholly owned subsidiary in Netherlands called Bajaj Auto International Holdings BV (BAIHBV). ' BAIHBV holds a 49.9% stake in its associate, i.e., Pierer Bajaj AG (PBAG) in Austria. The remaining controlling stake in PBAG is held by Pierer Industrie AG, owned by entrepreneur Stefan Pierer. ' PBAG holds ~75% stake in its listed subsidiary, Pierer Mobility AG (PMAG). ' PMAG is the holding company of KTM AG (KTM Business), the leading manufacturer of offroad and street motorcycles marketed under the marquee brands of KTM, Husqvarna and GASGAS. ' Bajaj effectively holds ~37.5% in PMAG/KTM, through the above chain, prior to this transaction.  KTM's Restructuring Process In November 2024, KTM AG and its subsidiaries, KTM Components GmbH and KTM F&E GmbH entered into a self administrative restructuring process, prompted by acute liquidity challenges that could not service the spiralling debt and working capital constraints that stifled routine business operations. Key milestones in the process include: ' On November 28, 2024, KTM AG applies for the initiation of judicial restructuring proceedings with self administration over the assets of KTM AG and its two subsidiaries with an aim to agree a reorganization plan with the creditors within 90 days. ' On February 25, 2025, the creditors accepted the restructuring plan submitted by KTM AG. This plan provided for creditors to receive a cash quota of 30% of their claims in the form of a one-time payment to be deposited with the restructuring Administrator by May 23, 2025.  ' In the event that the liquidity is not made available to and presented before the Administrator/Court latest by May 23, 2025, as per the law in Austria, the three entities are taken out of self-administration and moved irrevocably into an insolvency process.  ' On sighting of the requisite liquidity in the escrow accounts and confirmation by the Administrator, the Court will confirm the restructuring plan by mid-June 2025 after offering a permissible objection period, post which the quota payment will be released to the creditors and the restructuring proceedings of KTM AG and its subsidiaries will be concluded with legally binding orders. To address the KTM business' acute liquidity challenges and enable a structured revival of the brand that has a strong heritage and acclaimed position worldwide, Bajaj Auto outlines a set of strategic interventions. The proposed equity acquisition by Bajaj of a controlling stake in PBAG and therefore, in PMAG/KTM (upon receipt of regulatory approvals) after exploring various other alternatives until recently, is a critical step in realigning governance to restore confidence among stakeholders, setting a path for operational restructuring of the business and creating flexibility for potential partnerships. The debt package totalling '800 million seeks to address liquidity needs to meet creditor obligations pursuant to the approved restructuring plan and fund restart of operations. Equity Ownership: Bajaj Auto intends to acquire a sole controlling stake in PBAG. The equity ownership realignment and change of control will, however, be brought into effect only after regulatory clearances.  A Pierer group company entered into Loan and Share Pledge Agreements with Dabepo Holding GmbH in December 2024 for an amount, which along with interest and costs adds up to '80 million. Bajaj through BAIHBV has taken over the commitment under the aforesaid Loan and Share Pledge Agreements from Dabepo Holding GmbH, to prevent the threatened foreclosure of this loan which could impede the planned restructuring and ramp up of the KTM business. This loan has been covered through security that has been provided by the Pierer Group. It is expected that the full consideration for the eventual share transfer will be settled within the range of this loan amount.  In connection with the planned change of control, BAIHBV intends to invoke the restructuring privilege provided for under the Austrian Takeover Act applicable to investments for the benefit of a distressed company.  A further intimation on the transfer of Pierer's equity ownership and change of control will be made in the future once the necessary regulatory approvals are obtained. Debt Package:  I. '200 million cash already infused as shareholder debt to maintain continuity and revive operations  a. Funded in four tranches of '50 million each via Convertible Bonds/Loans, this was deployed in a phased manner across FY24 and April-May 2025, reflecting Bajaj's sustained support through the critical stage of keeping the KTM business going through the self-administration phase. b. Each transaction was executed under the oversight and legal framework that was set by the Administrator in Austria II. Fresh '600 million debt now to be provided to fund payment of creditors quota and associated costs -  a. '450 million as a secured term loan by BAIHBV to KTM AG b. '150 million of Convertible Bonds issued by PBAG and subscribed to by BAIHBV, that will be loaned by PBAG to PMAG, who in turn will eventually fund KTM AG to be used for the balance amount of the creditor's quota and restart costs. c. The amounts will be paid into the escrow accounts of the Administrator to the extent of the amounts due for payment towards the creditors' quota. These were funded by bank loans that were raised directly by BAIHBV in the Netherlands and investments made out of internal accruals by Bajaj Auto into BAIHBV. Requisite intimations were filed with the Stock Exchanges from time to time. The immediate next step is to secure binding restructuring orders from the Court in Austria to mark the end of the self-administration process and settle the creditors' quota. Alongside, applications are being made to the Austrian Takeover Commission, Foreign Investment Control and Merger Control Authorities, as applicable for their approval. Till such time these are received, the current control setup shall standstill and prevail. Finally, after months of stoppage, the production of bikes and the supply of parts, garments and accessories to the markets will be started. Powered by Capital Market - Live