3 weeks ago
Hero MotoCorp Q1 profit jumps 29% to Rs 1,454 crore
Hero MotoCorp is a big company that makes motorcycles and scooters, mostly in India.
The company told everyone how much money it made in the last three months.
It made 29% more profit than it did during the same time last year.
It also sold a lot more bikes and scooters — 23% more than before.
Most experts thought the company would do well, but it did even better than they expected.
The company is growing in new areas, like electric scooters and selling bikes in other countries.
Its electric brand VIDA grew very fast, and its special Harley-Davidson bikes also sold a lot more.
The company said it is starting the new financial year with strong momentum.
It is opening more showrooms and launching new versions of popular bikes.
This is good news for the company and the people who work there.
Hero MotoCorp's standalone net profit rose 29% year-on-year to Rs 1,454 crore for the quarter ended June 30, beating Bloomberg consensus estimates of Rs 1,261 crore.
Revenue from operations grew 36% to Rs 12,999 crore from Rs 9,579 crore, surpassing the Bloomberg consensus estimate of Rs 12,430 crore.
EBITDA increased 25% to Rs 1,727 crore from Rs 1,382 crore, ahead of the Bloomberg estimate of Rs 1,625 crore.
The company sold 1.7 million motorcycles and scooters during the quarter, up 23% from 1.4 million units a year earlier.
VIDA electric mobility registered 151% year-on-year growth, global business expanded 63%, and the Harley-Davidson business grew 105%.
- Who
- Hero MotoCorp, led by Chief Executive Officer Harshavardhan Chitale, a domestic two-wheeler maker.
- What
- Reported a 29% rise in standalone net profit to Rs 1,454 crore and a 36% rise in revenue to Rs 12,999 crore for the June quarter.
- Where
- India, where Hero MotoCorp operates its domestic business and expanded its Hero Premia retail network to 132 outlets.
- When
- For the quarter ended June 30, announced on a Thursday.
- Why
- Strong volume growth, higher realisations, and sustained momentum across premium, electric mobility and global businesses boosted performance.
Key facts
- Standalone net profit
- Rs 1,454 crore, up 29% year-on-year
- Revenue from operations
- Rs 12,999 crore, up 36% year-on-year
- EBITDA
- Rs 1,727 crore, up 25% year-on-year
- Units sold
- 1.7 million motorcycles and scooters, up 23%
- VIDA electric brand growth
- 151% year-on-year
- Global business growth
- 63%
- Harley-Davidson business growth
- 105%
- Hero Premia retail outlets
- 132 outlets across the country
Quotes
Harshavardhan Chitale
Chief Executive Officer of Hero MotoCorp
“We have commenced FY’27 with strong momentum, delivering broad‑based growth across our premium, electric mobility, commuter segments and global business.”
financialexpress.com
Sources
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