| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 12.2K | 25.6% | 16.6% |
| Total Income | 12.5K | 24.1% | 16.2% |
| Expenditure | 10.6K | 23.9% | 15.4% |
| PBT | 1.9K | 25.3% | 20.9% |
| Net Profit | 1.3K | 22.6% | 23.9% |
| OPM | 15.26% | 0.74pp | 4.89pp |
| NPM | 10.60% | 6.39pp | 0.15pp |
| EPS | 65.41 | 23.3% | 23.0% |
Hero MotoCorp Reports Highest Ever Revenue and PAT for Q2FY’26 and H1FY’26
13 Nov 2025 · 13 Nov 2025, 07:39 pm
Summary
Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, continued its strong financial performance for the second quarter (July-September 2025) of FY’26 and for H1FY’'26 (April-September 2025) reporting highest ever Revenue and PAT. The Company reported quarterly revenue of Rs. 12,126 Crore, (vs Rs. 10,463 Crore in the previous year), reflecting a growth of 16%. On an H1FY26 basis, the Company reported a revenue of Rs. 21,705 Crore, (vs Rs. 20,607 Crore in the previous year), reflecting a growth of 5%.
Key Highlights
- 1
Volume - 1691 lakh units of motorcycles and scooters sold in Q2 FY’26 (Vs 15.20 lakh units Q2FY’25)
- 2
Revenue from operations - Rs. 12,126 Crore, a growth of 16% over the corresponding quarter in the previous fiscal
- 3
Earnings before Interest, Tax, Depreciation & Amortization (EBITDA) for Q2FY’26 stands at Rs.1,823 Crore, a growth of 20%
- 4
Net Profit After Tax (PAT) at Rs. 1,393 Crore a growth of 16% over previous year
- 5
Volume - 30.58 lakh units of motorcycles and scooters sold in H1 FY’26 (Vs 30.55 lakh units H1FY’25)
- 6
Revenue from operations - Rs. 21,705 Crore, a growth of 5% over the corresponding period in the previous fiscal
- 7
Earnings before Interest, Tax, Depreciation & Amortization (EBITDA) for H1FY'26 stands at Rs.3,205 Crore, a growth of 8%
- 8
Net Profit After Tax (PAT) at Rs. 2,519 Crore a growth of 8% over previous year
Management Comments
Vivek Anand
Chief Financial Officer (CFO), Hero MotoCorp
The change in the GST regime has fundamentally simplified India's indirect tax structure and demonstrably improved consumer sentiment. The industry witnessed direct benefits of this policy reform, reflected in strong market performance. In Q2FY’26, the auto industry returned to broad-based growth, further supported by positive festive sentiment. Hero MotoCorp witnessed strong momentum, aided by the success of our new launches, expanding product portfolio, and customer-centric marketing campaigns. Furthermore, our Emerging Mobility business—VIDA—returned growth ahead of the industry average, and the Company outperformed the markets in global business. We expect the momentum in growth to continue, supported by benefits flowing in from the GST reforms, healthy macro-economic parameters, and a robust product portfolio. We remain committed to sustained growth and will continue to invest strategically in technology, global markets, and product innovation to build long-term value for our shareholders.
Informational and educational content only. Not investment advice.