Bajaj Auto Profit Jumps 35% to Beat Forecasts as Exports Surge 40%

Bajaj Auto shares rose 2.5% to ₹10,331 on the NSE on Tuesday, October 27, 2026, after India's Pulsar maker reported a 35% jump in quarterly profit that beat analyst forecasts — powered by a 40% surge in exports and revenue that crossed ₹20,000 crore for the first time.

What happened

Bajaj Auto reported standalone profit after tax of ₹3,353.76 crore for the second quarter of FY27, up 35.2% from ₹2,479.74 crore a year earlier. Reuters reported the profit at 33.54 billion rupees, ahead of the 31.68 billion rupees analysts had expected on average in LSEG-compiled estimates, helped by rising overseas demand and favourable currency movements.

Standalone revenue from operations grew 34% year on year to ₹20,003.43 crore, crossing the ₹20,000 crore threshold for the first time, compared with ₹14,922.05 crore in the same quarter last year. Profit before tax rose 35% to ₹4,457.49 crore. On a consolidated basis, net profit attributable to owners rose nearly 62% to ₹3,436.10 crore, while consolidated revenue grew 59% to ₹25,125.56 crore.

Why it is blowing up

Exports did much of the heavy lifting. Total export billings across two-wheelers and commercial vehicles reached 778,528 units, a 40% increase year on year, led by recoveries in African and Latin American markets, according to Autocar Professional's breakdown of the results. That overseas strength is exactly what Reuters singled out as the reason the quarter beat expectations, at a time when investors have been watching Indian automakers for signs that export demand can offset softer trading at home — Bajaj Auto's shares had fallen about 11% over the past month before Tuesday's results.

The electric business is also becoming harder to ignore. Bajaj's electric portfolio — Chetak electric scooters and electric three-wheelers — closed in on 200,000 units in the quarter and contributed roughly a third of domestic sales revenue. Chetak's quarterly revenue crossed ₹2,000 crore as volumes more than doubled year on year despite supply constraints. Combined domestic revenue for the premium KTM and Triumph motorcycle brands grew 45% on volumes above 40,000 units.

Key facts

• Profit: Standalone PAT ₹3,353.76 crore, up 35.2% year on year, beating the LSEG-compiled consensus of about ₹3,168 crore reported by Reuters.
• Revenue: Standalone revenue ₹20,003.43 crore, up 34% — the first quarter above ₹20,000 crore.
• Exports: 778,528 units billed overseas, up 40%, led by Africa and Latin America.
• Stock reaction: Shares rose 2.5% to ₹10,331 on the NSE after the results, according to BusinessLine's live results coverage.
• Balance sheet: Surplus cash of ₹15,500 crore at September 30, 2026, after capex, growth investments, dividends and buybacks; first-half standalone profit rose 38.48% to ₹6,336.60 crore.

What's next

The questions now are whether the export recovery in Africa and Latin America holds through the second half, whether Chetak can keep doubling volumes as supply eases, and how much of the currency tailwind that flattered this quarter repeats. Bajaj reports into a busy Indian earnings day — Maruti Suzuki's profit fell 27% in the same results window — so Bajaj's beat stands out as one of the day's clear auto-sector positives. This report describes what happened and how markets reacted; it is not a recommendation to buy, sell or hold any security.

Sources

• Reuters — India's Bajaj Auto posts quarterly profit beat on healthy export demand
• Autocar Professional — Bajaj Auto Q2 net profit rises 35% as revenue tops Rs 20,000 crore
• The Hindu BusinessLine — Q2 results live updates, October 27

FAQ

How much profit did Bajaj Auto make in Q2 FY27?

Standalone profit after tax was ₹3,353.76 crore, up 35.2% year on year, while consolidated profit attributable to owners rose nearly 62% to ₹3,436.10 crore.

Did Bajaj Auto beat analyst expectations?

Yes. Reuters reported the 33.54 billion rupee profit was above the 31.68 billion rupees analysts expected on average in LSEG-compiled estimates.

Why did Bajaj Auto shares rise?

Shares rose 2.5% to ₹10,331 on the NSE after the results, as investors reacted to the profit beat, a 40% jump in export volumes and record quarterly revenue.

What drove Bajaj Auto's growth this quarter?

Export demand — 778,528 units, up 40%, led by Africa and Latin America — plus a fast-growing electric portfolio, with Chetak revenue crossing ₹2,000 crore as volumes more than doubled.