On July 16, Bajaj Auto reported strong Q1FY25 earnings Come from Sports betting site VPbet . Its Q1 net profit came in at Rs 1,941.79 crore, up 18% YoY on the back of consistent demand, higher two-wheeler sales and lower input costs.
The company’s revenue during the Apr-Jun quarter rose 16% on year to Rs 11,932 crore, aided by healthy vehicle sales and high spares revenue, leading to an increase in average selling price. Bajaj Auto’s average selling price rose by 8% on year which was led by a 760 basis points improvement in 125cc and higher category motorcycles.
Prabhudas Lilladher
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According to Prabhudas Lilladher, Bajaj Auto’s growth in revenue was driven by robust sales in the premium category and healthy spare revenue.
Despite a twofold growth in 2W EV dispatches as well as an increase in prices of some key raw materials, it continues to deliver ASP and margin improvement driven by healthy mix improvement in domestic and international markets.
StoxBox
The automaker reported Q1FY25 with healthy overall growth on all fronts, maintaining its momentum and resilience while registering another successful quarter. Bajaj Auto registered stable expansion in the domestic business while making a steady recovery and inching up slowly in the export business.
According to StoxBox introduction of NS400Z in the premium segment strengthens its product portfolio and the introduction of its new Freedom 125 in the 125cc segment. “The key area to focus on would be the company’s plan to position its new CNG bike “Freedom 125” in the market and how it plans to drive growth in the 125+cc segment,” it said.
