Hero MotoCorp's Q2 FY 2025-26 Quarterly Results

Result Summary

• Hero MotoCorp Ltd reported a 24.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 16.2%.
• Its expenses for the quarter were up by 23.9% QoQ and 15.4% YoY.
• The net profit decreased 22.6% QoQ and increased 23.9% YoY.
• The earnings per share (EPS) of Hero MotoCorp Ltd stood at 65.34 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

---

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 is a leading manufacturer of motorcycles and scooters, primarily operating in the Indian automotive industry. The company is renowned for its wide range of two-wheelers that cater to various segments, from entry-level bikes to premium models. Established with a strong brand presence, Hero MotoCorp has consistently focused on innovation and customer satisfaction. Recent developments in the industry suggest a significant push towards electric vehicles and sustainable practices, although specific initiatives by the company in these areas are not detailed in the available data. The company's extensive distribution network and robust after-sales service have contributed to its strong market position.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Hero MotoCorp reported a total income of ₹12,458.78 crores. This marks a substantial increase of 24.1% compared to ₹10,037.69 crores in the previous quarter (Q1FY26) and a 16.2% rise from ₹10,721.59 crores in the same quarter of the previous fiscal year (Q2FY25). The growth in total income reflects the company's ability to expand its sales and potentially improve its market share in the competitive two-wheeler industry. The year-over-year increase signifies a robust performance compared to the previous year, indicating a period of growth for the company.

Profitability

Hero MotoCorp's profitability in Q2FY26 shows a positive trajectory in several areas. The Profit Before Tax (PBT) for the quarter was ₹1,874.91 crores, which is a 25.3% increase from ₹1,496.57 crores reported in Q1FY26 and a 20.9% rise compared to ₹1,550.33 crores in Q2FY25. Tax expenses for the quarter stood at ₹455.90 crores, reflecting an 8.5% increase quarter-over-quarter and a 14.7% increase year-over-year. Despite these increases, the Profit After Tax (PAT) dropped to ₹1,320.98 crores in Q2FY26 from ₹1,705.65 crores in Q1FY26, a decrease of 22.6%. However, compared to Q2FY25, there was a notable year-over-year increase of 23.9% from ₹1,066.47 crores. Earnings Per Share (EPS) followed a similar pattern, decreasing by 23.3% quarter-over-quarter but increasing by 23.1% year-over-year.

Operating Metrics

Total expenses for Hero MotoCorp in Q2FY26 were recorded at ₹10,583.87 crores, marking a 23.9% increase from ₹8,541.12 crores in Q1FY26 and a 15.4% rise from ₹9,171.26 crores in Q2FY25. The increase in expenses indicates higher operational costs, which could be attributed to various factors such as increased production costs or strategic investments. The operating metrics reflect the company's operational scaling and the corresponding financial implications. The variations in profitability and expenses also highlight the dynamic nature of the business environment in which Hero MotoCorp operates.