Bajaj Auto Shares Under Watch After Ransomware Attack Hits Systems

Bajaj Auto shares are expected to face volatility following a significant cybersecurity breach that impacted the company and its subsidiary. The ransomware attack has emerged at a critical juncture, coinciding with a major share buyback program for investors.

Cybersecurity Breach at Bajaj Auto and BATL

In a regulatory filing, Bajaj Auto disclosed that a ransomware attack targeted its systems on June 23, 2026, at approximately 8:00 am. The breach was not limited to the parent company; its wholly owned subsidiary, Bajaj Auto Technology Ltd (BATL), was also affected.

Upon detection, the company's technical teams, in coordination with cybersecurity experts and senior management, immediately initiated emergency protocols. The primary focus has been on containment and mitigation to minimize operational disruptions and safeguard data integrity. While the company has taken precautionary measures, the incident has placed a spotlight on the cybersecurity resilience of large-scale manufacturing entities.

Timing Amidst ₹5,632 Crore Share Buyback

The timing of this cyberattack is particularly sensitive as it coincides with the company's massive share buyback program. June 24 serves as the record date for the buyback, meaning investors who held shares at the close of trading on June 23 are eligible to participate.

The buyback, which was announced alongside the March-quarter earnings, involves the repurchase of up to 46.94 lakh equity shares at a fixed price of ₹12,000 per share through the tender offer route. This represents 1.68% of the company's total outstanding equity shares. The tendering window is scheduled to open on July 1, 2026, and close on July 7, 2026. Notably, the promoters and persons in control have stated they will not participate in this buyback.

Strong Financial Performance Heading into the Crisis

Despite the current digital disruption, Bajaj Auto's recent financial fundamentals remain robust. For the March quarter, the company reported a standalone net profit of ₹2,746 crore, marking a substantial 34% increase from the ₹2,049 crore recorded in the same period last year.

Revenue from operations also saw a significant climb, rising 32% year-on-year to ₹16,006 crore. This growth was largely propelled by a 24% YoY rise in sales volumes, which reached 13.71 lakh units. On a consolidated basis for FY26, the company's profit after tax (PAT) jumped 47% YoY to ₹10,744 crore, supported by a 23% increase in total revenue to ₹62,905 crore.

Key Takeaways

  • Cybersecurity Incident: A ransomware attack hit Bajaj Auto and its subsidiary, BATL, on June 23, 2026, prompting immediate mitigation efforts.
  • Buyback Schedule: The ₹5,632 crore buyback at ₹12,000 per share has a record date of June 24, with the tendering window running from July 1 to July 7, 2026.
  • Financial Resilience: Despite the attack, the company recently reported strong March quarter results, with a 34% YoY increase in standalone net profit.