3 weeks ago

Hero MotoCorp Q1 Net Profit Falls 16.9% Despite Revenue Growth

Hero MotoCorp Q1 Net Profit Falls 16.9% Despite Revenue Growth
Hero MotoCorp Q1 PAT down 16.9% at ₹1,418 crore · thehindubusinessline.com

Hero MotoCorp is a big company that makes motorcycles and scooters.

It told everyone how it did in the first three months of its new financial year.

The profit it kept this year was lower than last year, dropping by about 17%.

But there is a reason for that.

Last year's profit included a special one-time gain of ₹722 crore that did not happen again this year.

Even so, the company sold many more vehicles this time around.

It sold 16.77 lakh motorcycles and scooters, which is 23% more than the same time last year.

The money it earned from selling vehicles also went up a lot.

The chief executive said the company started the new year with strong momentum.

So the company is doing well, even though its reported profit looks smaller.

Key facts

Company
Hero MotoCorp Ltd
Consolidated PAT (Q1)
₹1,417.93 crore, down 16.86% YoY
Year-ago PAT
₹1,705.65 crore
Revenue from operations
₹13,126.35 crore (vs ₹9,727.75 crore)
Units sold
16.77 lakh motorcycles and scooters (up 23% YoY)
Total expenses
₹11,621.48 crore (vs ₹8,541.12 crore)
PAM business revenue
₹1,689 crore (up 30% YoY)
One-time gain (year-ago)
₹722 crore from dilution of associate investment

Quotes

Harshavardhan Chitale

CEO of Hero MotoCorp Ltd

“We have commenced FY27 with strong momentum, delivering broad-based growth across our premium, electric mobility, commuter segments and global business.”
thehindubusinessline.com

Sources

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