India's Bajaj Auto reported a smaller-than-expected third-quarter profit on Tuesday, hurt by lower domestic sales of its motorcycles and three-wheelers, while higher sales of its margin-diluting electric scooters also weighed.

The company achieved its highest festive retail volumes in the domestic market and exports too saw a broad-based recovery, Shares of Bajaj Auto Limited ended at ₹8,421.80, up by ₹41.45, or 0.49%, on the BSE.

The auto major reported 8 percent on-year growth in both topline and bottomline, with net profit at Rs 2,196 crore, supported by robust exports, a strong domestic green energy portfolio, and record spares sales.

Bajaj Auto's Q3FY25 revenue jumped 6% YoY to Rs 12,807 crore, with the company's electric vehicles portfolio making up about 45% of its revenue

Results: Sales in the domestic market declined 9 per cent year on year to ₹7,07,105 units as against 7,78,281 units in the year-ago period.

Speaking to reporters, Rakesh Sharma, executive director, Bajaj Auto, said that export revenues have grown by 16 per cent in Q3FY25 to Rs 4,500 crore. Going forward they expect exports growth to remain strong (over 20 per cent) in the near-term as they are positive on growth from the Latin American markets.

Bajaj Auto achieved a 3% year-on-year increase in profit for Q3 FY25, with total revenue reaching Rs 12,806.85 crore, driven by a strong festive season and notable growth in electric vehicle sales.