Hero MotoCorp Q3 results: Cons PAT up 14% YoY to Rs 1,268 crore, revenue up 22%; Rs 110 dividend per share announced

Two-wheeler giant Hero MotoCorp reported a 14% increase in its consolidated net profit in the December quarter at Rs 1,268 crore, compared to Rs 1,108 crore reported in the previous year period. The profit after tax (PAT) is attributable to the owners of the company. The company’s revenue from operations stood at Rs 12,487 crore in Q3FY26, up 22% from Rs 10,260 crore in the corresponding period of the last fiscal.

The company has declared an interim dividend of Rs 110 per equity share for the financial year 2025-26 and fixed February 11, 2026 as the record date for determining the entitlement of members to receive the target of interim dividend payment. The payment will be made on March 7, 2026, the company filing said.

The company’s board also approved additional investments of Rs 275 crore in one or more tranches, through a combination of primary infusion and secondary purchase in Euler Motors Private Limited.

PAT fell 3% QoQ from Rs 1,309 crore in Q2FY25, despite revenue rising 2% QoQ from Rs 12,218 crore in July-September quarter of FY26.

Standalone revenue rose 21% to Rs 12,328 crore, while normalized PAT witnessed 20% growth to Rs 1,439 crore.

Hero MotoCorp Q3 volume

The company sold 16.97 lakh motorcycles and scooters in Q3FY26, compared to 14.64 lakh units in Q3FY25. This implies a growth of 16% on an annual basis. Earnings before interest, taxes, depreciation and amortization (EBITDA) in Q3 2026 stood at Rs 1,810 crore, registering 23% YoY growth. EBITDA margin for the quarter was 14.7%, up 22 basis points year-over-year, supported by favorable product mix, pricing and operational efficiencies.

Hero MotoCorp Management speaks

Commenting on the company’s performance, Chief Financial Officer (CFO) Vivek Anand credited Hero Moto’s positive growth performance led by healthy double-digit growth in volumes and retail momentum. “A steady focus on operational excellence, product mix optimization, consumer centricity and innovation remained our core pillars that enabled consistent financial performance during the quarter. Favorable macroeconomic factors and favorable GST 2.0 tailwinds helped revive rural demand, further driving consumer traction towards motorcycles and growth of the economy,” he said.