Bajaj Auto, one of India’s leading two-wheeler manufacturers, reported its Q4 and fiscal year ended March 31 numbers today post-market hours, with revenue from operations rising 32% year-on-year to a record ₹16,006 crore, driven by all-time high volumes, an improved product mix, and favourable currency movements.

The broad-based growth was supported by healthy double-digit expansion across its domestic motorcycles, electric two-wheelers, three-wheelers, and export businesses.

On the operating front, the company’s EBITDA climbed 36% YoY to another record high of ₹3,323 crore, while margins expanded to 20.8%.

On a sequential basis, the company said a combination of price hikes, currency tailwinds, a richer product mix, and operating leverage helped offset cost inflation, higher discretionary spending, and the impact of the PM eDrive phase-out in electric three-wheelers.

Backed by the strong operational showing, profit after tax also touched its highest-ever level at ₹2,746 crore, registering a 34% year-on-year increase during the quarter.