Bajaj Auto Q4 FY26 Results: Record Standalone PAT Rs 2,746 Crore Up 34% YoY, Rs 150 Dividend and Rs 5,633 Crore Buyback
- May 8, 2026
- Posted by: Kashish Aggarwal
- Category: News
The Bajaj Auto Q4 results for the quarter ended March 31, 2026, were announced on May 6, 2026, with the company reporting a quarterly net profit of Rs 2,746 crore (standalone) against Rs 2,049 crore (standalone) in the corresponding quarter last year. Revenue from operations for Q4 FY26 stood at Rs 16,006 crore (standalone), compared to Rs 12,148 crore in Q4 FY25. For the full year FY26, Bajaj Auto reported PAT of Rs 9,825 crore (standalone); Rs 10,744 crore (consolidated) on revenue of Rs 58,732 crore (standalone); Rs 62,905 crore (consolidated). Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, have analysed the Bajaj Auto Q4 results in detail to assess the key takeaways for investors.
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Bajaj Auto Q4 FY26 Key Financial Metrics
| Parameter | Q4 FY26 | Comparison Period | Change |
|---|---|---|---|
| Net Profit (PAT) | Rs 2,746 crore (standalone) | Rs 2,049 crore (standalone) | See analysis below |
| Revenue / Total Income | Rs 16,006 crore (standalone) | Rs 12,148 crore | See analysis below |
| FY26 Annual PAT | Rs 9,825 crore (standalone); Rs 10,744 crore (consolidated) | FY25 base | YoY improvement |
| FY26 Annual Revenue | Rs 58,732 crore (standalone); Rs 62,905 crore (consolidated) | FY25 base | See analysis |
| Dividend | Rs 150 per share (final); record date May 29, 2026 | N/A | N/A |
| NSE Ticker | BAJAJ-AUTO | Sector | Two and Three Wheelers / Automotive |
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Bajaj Auto Q4 Results Analysis
Record Volumes Drive Record Revenue and Profit
The Bajaj Auto Q4 results were powered by record quarterly volumes of 13.71 lakh units, up 24 percent YoY from 11.03 lakh units in Q4 FY25. Domestic two-wheelers grew 24 percent to 6.22 lakh units and domestic commercial vehicles grew 24 percent to 1.39 lakh units. Export volumes also delivered strong double-digit growth, aided by favourable USD and INR realisation. Chetak, Bajaj’s electric scooter brand, surpassed the 1 lakh unit quarterly retail milestone in Q4 FY26. The Chetak C25 launch expanded the portfolio into a more accessible price segment. Standalone EBITDA grew 36 percent YoY to Rs 3,323 crore with margin expanding 60 basis points to 20.8 percent. Jaiswal considers the breadth of volume growth across all segments and geographies in the Bajaj Auto Q4 results the most impressive aspect of this landmark quarter.
100 Percent PAT Payout Signals Extraordinary Shareholder Confidence
The board’s decision to distribute the entire FY26 standalone PAT of Rs 9,825 crore back to shareholders through a Rs 150 per share dividend (approximately Rs 4,192 crore) and a Rs 5,633 crore buyback at Rs 12,000 per share (representing a 14 percent premium to pre-announcement price) is extraordinary. Bajaj stated the combined payout represents 100 percent of FY26 standalone PAT. Singla notes that a 100 percent PAT distribution signals exceptional confidence in the business’s ability to self-fund its capital requirements from operating cash flows in FY27 without needing to retain earnings, a strong bullish signal from the Bajaj Auto Q4 results. Track auto sector peers on the Univest Screener.
Consolidated Numbers Include KTM One-Time Gain
The consolidated Q4 FY26 PAT of Rs 3,661.92 crore is not strictly comparable to Q4 FY25 as it includes a one-time gain of approximately Rs 1,195 crore from the fair-value remeasurement of KTM AG and Bajaj Mobility AG, which were consolidated as subsidiaries effective November 18, 2025. For like-for-like comparison, investors should use the standalone Q4 PAT of Rs 2,746 crore up 34 percent. For the full year, consolidated revenue grew 23 percent to Rs 62,905 crore and consolidated PAT was Rs 10,744 crore up 47 percent, including KTM consolidation benefits.
Risks to the Bajaj Auto Investment Thesis
- Export Market Currency Risk: Significant export revenue dependence means any adverse movement in USD and INR exchange rates could reduce realisations and pressure standalone margins.
- EV Transition Risk: While Chetak is scaling, the broader ICE two-wheeler market faces long-term structural disruption. Faster-than-expected EV adoption could risk market share if Chetak lags peer EV manufacturers in volume ramp.
- KTM Integration Complexity: Consolidating KTM AG introduces European automotive market exposure, operational complexity, and foreign currency risk on a significantly different business model.
- Elevated Valuation Post Results: Post the strong quarterly results, Bajaj Auto trades at a historical premium multiple, reducing the margin of safety for new investors at current prices.
Conclusion
The The Q4 FY26 results for FY26 set a new benchmark. Standalone PAT of Rs 2,746 crore up 34 percent, revenue of Rs 16,006 crore up 32 percent, EBITDA margin at 20.8 percent, volumes up 24 percent, and a 100 percent PAT distribution through dividend and buyback together represent a landmark quarter across every dimension of financial performance. Ankit Jaiswal, Senior Research Analyst at Univest, considers the The quarterly numbers a masterclass in volume-driven operating leverage combined with exemplary capital allocation discipline. Kunal Singla, Associate Director at Univest, flags currency risk on exports and KTM integration complexity as the two key variables to monitor into FY27. The single most important forward variable is whether Chetak’s EV momentum can be maintained and scaled while the ICE business sustains its volume leadership.
DISCLAIMER: This article is for educational and informational purposes only and does not constitute investment advice. Univest analysts are SEBI-registered research analysts (SEBI RA: INH000012449). Investments in the securities market are subject to market risk. Consult a SEBI-registered financial advisor before making any investment decisions.
Frequently Asked Questions on Bajaj Auto Q4 FY26 Results
What was the PAT in BAJAJ-AUTO’s results FY26?
The The Q4 FY26 results for Q4 FY26 showed a net profit of Rs 2,746 crore (standalone), compared to Rs 2,049 crore (standalone) in the corresponding period of the previous year. Revenue for Q4 FY26 was Rs 16,006 crore (standalone). For the full year FY26, PAT stood at Rs 9,825 crore (standalone); Rs 10,744 crore (consolidated) on revenue of Rs 58,732 crore (standalone); Rs 62,905 crore (consolidated). These results were approved at the board meeting held on May 6, 2026.
What dividend was declared after The quarterly numbers FY26?
The board declared or recommended a dividend of Rs 150 per share (final); record date May 29, 2026 following the BAJAJ-AUTO’s results announcement. The dividend is subject to shareholder approval unless declared as an interim dividend and reflects the company’s cash generation capacity in FY26. Investors should verify the record date and payment timeline through the company’s official stock exchange filings on NSE or BSE.
What are the key highlights of The Q4 FY26 results FY26?
The key highlights from the The quarterly numbers include: Q4 consolidated PAT Rs 3,661.92 crore (includes Rs 1,195 crore KTM one-time gain); EBITDA Rs 3,323 crore up 36%; EBITDA margin 20.8%; volumes 13.71 lakh units up 24% YoY; buyback at Rs 12,000 per share for Rs 5,633 crore; dividend plus buyback equals 100% of FY26 PAT. These metrics were confirmed through official filings on NSE and BSE and verified from sources including EquityBulls, Business Standard, and ScanX on May 6 and 7, 2026.
What are the key risks after BAJAJ-AUTO’s results FY26?
Investors reviewing the The Q4 FY26 results should monitor the risks specific to Bajaj Auto’s business model in the Two and Three Wheelers / Automotive sector. These include macroeconomic sensitivity, sector-specific cyclicality, competitive pressures, and any company-specific operational risks outlined in the analysis above. Always consult a SEBI-registered financial advisor before making any investment decision based on quarterly results.
Where can I track Bajaj Auto live stock price and analyst data after Q4 results?
Track Bajaj Auto (NSE: BAJAJ-AUTO) live price, FII and DII flows, analyst estimates, and peer comparisons on the Univest Screener. For deeper research reports and investment recommendations following the The quarterly numbers, subscribe to Univest Pro at univest.in. Download the Univest Android App or Univest iOS App for live alerts on this stock.
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