Hero MotoCorp's Q1 FY 2026-27 Quarterly Results

Result Summary

• Hero MotoCorp Ltd reported a 3.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 35.4%.
• Its expenses for the quarter were up by 2.9% QoQ and 36.1% YoY.
• The net profit decreased 3.8% QoQ and decreased 16.9% YoY.
• The earnings per share (EPS) of Hero MotoCorp Ltd stood at 70.53 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Hero MotoCorp Ltd, a significant player in the automotive sector, is recognized as the world's largest manufacturer of two-wheelers, a position it has maintained since 2001. The company primarily focuses on producing motorcycles and scooters, catering to diverse customer needs with a wide range of models. Hero MotoCorp operates extensively in both domestic and international markets, bolstering its status as a global brand. The company is known for its continuous innovation and commitment to sustainability, as seen in its efforts to introduce eco-friendly products. Recent developments include strategic partnerships and ventures aimed at expanding its electric vehicle segment and enhancing its technological capabilities.

Revenue

Hero MotoCorp Ltd reported a total income of ₹13,586.09 crores in Q1FY27, reflecting a quarter-over-quarter (QoQ) increase of 3.0% from the previous quarter (Q4FY26), where the total income was ₹13,188.32 crores. On a year-over-year (YoY) basis, the total income saw a substantial growth of 35.4% compared to Q1FY26, when it stood at ₹10,037.69 crores. This growth highlights the company's ability to enhance its revenue streams over the past year. The quarterly growth in total income indicates a consistent performance in generating revenue, aligning with the company's market presence and product offerings.

Profitability

In terms of profitability, Hero MotoCorp Ltd's profit before tax (PBT) for Q1FY27 was ₹1,964.61 crores, marking a QoQ increase of 3.8% from ₹1,892.79 crores in Q4FY26. On a YoY basis, the PBT rose by 31.3% from ₹1,496.57 crores in Q1FY26. However, the profit after tax (PAT) for Q1FY27 decreased by 3.8% QoQ, from ₹1,473.92 crores in Q4FY26 to ₹1,417.93 crores. Compared to Q1FY26, the PAT declined by 16.9% from ₹1,705.65 crores. The earnings per share (EPS) also reflected this trend, with a QoQ reduction of 3.3% and a YoY decrease of 17.2%. This indicates shifts in the company's net profitability after accounting for tax expenses, which increased by 37.1% QoQ and 19.6% YoY.

Operating Metrics

The company's total expenses for Q1FY27 were ₹11,621.48 crores, which represents a 2.9% increase QoQ from ₹11,295.53 crores in Q4FY26. On a YoY basis, total expenses increased by 36.1% from ₹8,541.12 crores in Q1FY26. Despite the increase in expenses, the profit before tax showed positive growth, suggesting effective cost management strategies relative to income generation. The tax expenses for Q1FY27 rose significantly by 37.1% QoQ and 19.6% YoY, impacting the overall net profit. The earnings per share, reflecting the net income available to shareholders, showed a declining trend both QoQ and YoY, highlighting changes in the company's net income distribution. These operating metrics provide insight into the company's financial management and operational efficiency over the reported period.