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Informist, Thursday, Feb. 5, 2026

 

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--Hero MotoCorp Oct-Dec net profit INR 13.49 bln 
--Analysts saw Hero MotoCorp Oct-Dec net profit at INR 14.45 bln 
--Hero MotoCorp Oct-Dec revenue INR 123.28 bln 
--Analysts saw Hero MotoCorp Oct-Dec revenue at INR 122.03 bln 
--Hero MotoCorp Oct-Dec net profit INR 13.49 bln vs INR 12.03 bln yr ago 
--Hero MotoCorp Oct-Dec revenue INR 123.28 bln vs INR 102.11 bln yr ago 
--Hero MotoCorp Oct-Dec labour codes implementation cost INR 1.19 bln 
--Hero MotoCorp to pay INR 110 per share interim dividend 
--Hero MotoCorp Apr-Dec net profit INR 38.67 bln vs INR 35.29 bln yr ago 
--Hero MotoCorp to invest INR 2.75 bln more in Euler Motors 
--Hero MotoCorp Apr-Dec revenue INR 340.34 bln vs INR 308.18 bln yr ago 
--Hero MotoCorp Oct-Dec profit excluding labour code cost INR 14.68 bln 
--Hero MotoCorp Oct-Dec EBITDA INR 18.10 bln, up 23% on year 
--Hero MotoCorp Oct-Dec EBITDA margin 14.7%, up 22 bps on year 

 

By P. Madhu Kumar 

 

MUMBAI – Hero MotoCorp Ltd. reported a better-than-expected top line for the December quarter driven by boost from the festive season and new model launches across categories. Its bottom line however, was than analysts expectations as it was dented by a one-time cost of INR 1.19 billion. Excluding the one time cost, the company's net profit improves to INR 14.68 billion, which is slightly higher than the street's projection of INR 14.45 billion. 

 

The Splendor maker reported a net profit of INR 13.49 billion during the quarter ended December, up a little over 12% on year but a decline of over 3% on quarter. Its top line grew nearly 21% on year and just 1.7% on quarter to INR 123.28 billion. Analysts had pegged the automaker's top line at INR 122.03 billion.

 

"Steady focus on operational excellence, product mix optimisation, consumer centricity and innovation remained our core pillars enabling consistent financial performance during the quarter. Conducive macroeconomic factors and favourable GST 2.0 tailwind helped in revival of rural demand which further drove consumer traction for motorcycles and growth for the economy," Vivek Anand, the company's chief financial officer said.  

 

Hero MotoCorp gained market share in two-wheelers with engines having capacities of 100 cubic centimetres and 125cc through Splendor, Glamour, Xtreme and HF Deluxe in the motorcycle segment and Xoom, Destini and Pleasure in the scooter segment, the company said in a press release. This quarter's performance also marked its highest December quarter market share and highest market share in the retail segment in the 125cc segment in five years. 

 

Hero MotoCorp's earnings before interest, tax, depreciation, and amortisation rose 23% on year to INR 18.10 billion. Its EBITDA margin expanded by 22 basis points to 14.7% in the reporting quarter, led by favourable product mix, pricing and operational efficiencies. 

 

The company's overall performance in the quarter was supported by strong performance in its electric vehicle segment and global business, it said. The automaker's exports grew 41% on year, supported by new market entries and portfolio expansion. The company's parts, accessories, and merchandising business clocked its highest quarterly revenue of INR 16.73 billion. 

The company also announced to pay an interim dividend of INR 110 per share. It will make an additional investment of INR 2.75 billion in its associate company Euler Motors Pv. Ltd. in one or more tranches through a combination of primary infusion or secondary purchase. Euler Motor designs and manufactures electric vehicles. This fund infusion is expected to conclude by the end of April. Hero MotoCorp currently holds a 34.1% stake in Euler Motors, and post the fund infusion, this will go up to 36%.

 

For the nine months ended December, Hero MotoCorp reported a net profit of INR 38.67 billion, up almost 10% from INR 35.29 billion in the same period a year ago. The company's revenue for the period was INR 340.34 billion, up 10% on year from INR 308.18 billion.

 

The company declared its December quarter earnings post market hours. Thursday, shares of the company closed 1.5% lower at INR 5,766 on the National Stock Exchange. End

 

Edited by Deepshikha Bhardwaj

 

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