Hero MotoCorp Q2 Profit Rises 41% to Rs 1,861 Crore
Consolidated revenue rose 23% to Rs 14,971 crore in the July to September quarter, and VIDA retail units rose 76%.
Key Takeaways
- Consolidated revenue was Rs 14,971 crore, up 23%.
- Consolidated PAT was Rs 1,861 crore, up 41%.
- The profit includes a one-off gain of Rs 397 crore from an associate's capital raise.
- VIDA electric retail units were 66,531, up 76%.
- Standalone volume was 18.68 lakh units, up 10%.
Hero MotoCorp reported consolidated revenue of Rs 14,971 crore for the July to September quarter of FY27, up 23% from Rs 12,218 crore a year earlier. Consolidated profit after tax (PAT) was Rs 1,861 crore, up 41%.
The profit includes a one-off gain of Rs 397 crore from equity consolidation of an associate after that associate raised capital. The company also reported 66,531 VIDA electric retail units, up 76%, and sold 18.68 lakh motorcycles and scooters on a standalone basis, up 10%.
Hero MotoCorp Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Quarter | Q2 FY27, July to September 2026 |
| Consolidated revenue | Rs 14,971 crore, up 23% from Rs 12,218 crore a year earlier |
| Consolidated PAT | Rs 1,861 crore, up 41% |
| One-off gain | Rs 397 crore, from equity consolidation of an associate after its capital raise |
| Standalone volume | 18.68 lakh motorcycles and scooters, up 10% |
| Standalone revenue from operations | Rs 14,687 crore, up 21% |
| Standalone PAT | Rs 1,456 crore, up 5% |
| Standalone EBITDA | Rs 1,968 crore, at a margin of 13.4% |
| Scooter volume (petrol and electric) | 2.40 lakh units, up 47% |
| VIDA electric retail | 66,531 units, up 76% |
How Hero MotoCorp's quarter splits between motorcycles, scooters and VIDA
Hero MotoCorp makes motorcycles and scooters and sells electric scooters under its VIDA brand. In the second quarter, its scooter portfolio, petrol and electric together, grew 47% to 2.40 lakh units.
The standalone business, which excludes subsidiaries and associates, reported revenue from operations of Rs 14,687 crore and PAT of Rs 1,456 crore. The consolidated figures are higher because they include subsidiaries and the share of associates, which is where the Rs 397 crore gain was booked.
Hero MotoCorp's board approves up to Rs 300 crore for its Netherlands subsidiary
The board approved an additional investment of up to Rs 300 crore in HMCL Netherlands B.V., a wholly owned subsidiary. The company announced the results on 28 October 2026.
Where Hero MotoCorp stands after the second quarter of FY27
For the July to September quarter, Hero MotoCorp's consolidated PAT was Rs 1,861 crore on revenue of Rs 14,971 crore. Its standalone EBITDA for the second quarter was Rs 1,968 crore, at a margin of 13.4%.
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