Hero MotoCorp beats Street estimates, reports 16% rise in second quarter net profit at Rs 1,393 crore

Hero MotoCorp beats Street estimates, reports 16% rise in second quarter net profit at Rs 1,393 crore

The country’s largest two-wheeler maker Hero MotoCorp on Thursday beat Street estimates and reported a 16% rise in net profit at Rs 1,393 crore for the quarter ended September on healthy sales volumes amid GST cuts.The company had reported a net profit of Rs 1,204 crore in the year-ago quarter.

Revenue from operations rose 16% to Rs 12,126 crore. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 20% to Rs 1,823 crore.“In Q2 2026, the auto industry returned to broad-based growth, further supported by positive festive sentiment,” said Vivek Anand, Chief Financial Officer at Hero MotoCorp. “Hero MotoCorp witnessed strong momentum, aided by the success of our new launches, product portfolio expansion and customer-centric marketing campaign.”

The company sold 1.691 million units in the quarter, up 11% from the same period a year ago.


“Additionally, the company’s emerging mobility business – VIDA – showed growth above the industry average and outperformed the global business markets,” Anand said. The company’s exports grew 77% last quarter, three times the industry growth, led by strong demand from markets in Bangladesh, Nepal, Sri Lanka and Colombia. Anand said Hero MotoCorp expects growth momentum to continue, supported by benefits accruing from the GST reforms, healthy macroeconomic parameters and a robust product. portfolio.

“We remain committed to sustainable growth and will continue to strategically invest in technology, global markets and product innovation to build long-term value for our shareholders,” he added.

Shares of Hero MotoCorp closed 0.42% lower at Rs 5,506.75 apiece on the BSE on Thursday. The company reported earnings after market hours.

#Hero #MotoCorp #beats #Street #estimates #reports #rise #quarter #net #profit #crore

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *