Operating revenues in the quarter under review rose 21% to a record Rs 12,328 crore last quarter. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 23% to Rs 1,810 crore.
EBITDA margin for the quarter was 14.7%, up 22 basis points versus the same period last fiscal, helped by a favorable product mix, pricing promotions and operational efficiencies.
Analysts had expected the company to post a healthy performance in the December quarter, helped by strong festive demand, improved product mix and price hikes. Based on an average of six broker estimates, the company’s third-quarter revenue was expected to rise about 19% year-over-year, while after-tax profit would rise 17% year-over-year.
Vivek Anand, Chief Financial Officer, Hero MotoCorp said, “Hero MotoCorp delivered a positive growth performance in Q3FY26 with healthy double-digit growth in volumes and retail momentum. A steady focus on operational excellence, product mix optimization, consumer centricity and innovation remained our key pillars that enabled consistent financial performance during the quarter. Favorable macroeconomic factors and favorable GST 2.0 tailwinds helped revive rural demand, driving the consumer traction to motorcycles and further driving growth for the motorcycle economy.”
Hero MotoCorp sold 16.97 lakh motorcycles and scooters in the third quarter, which is an increase of 16% over the same period a year ago. The company announced an interim dividend of Rs 110 per share.
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