Hero MotoCorp quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	14,971	12,218	+22.5%
EBITDA	1,997	1,864	+7.1%
EBITDA margin	13.3%	15.3%	−1.9 pts
Profit before tax	1,944	1,875	+3.7%
Net profit	1,861	1,321	+40.8%
EPS	₹92.99	₹65.41	+42.2%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	14,971	13,126	12,978	12,487	12,218	9,728	9,970	10,260	10,483	10,211	9,617	9,788	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	202	460	210	298	240	310	274	306	239	225	177	244
	15,172	13,586	13,188	12,785	12,459	10,038	10,244	10,566	10,722	10,436	9,794	10,031
	10,187	9,315	8,513	8,253	8,067	6,353	6,458	6,613	6,919	6,617	6,110	6,506
	297	222	212	246	191	148	136	145	146	122	127	2.3
	170	−261	111	−185	−176	−52.7	−152	−85.8	−138	132	92.3	46.0
	809	758	701	754	726	649	696	683	673	628	663	618
	22.7	21.4	18.7	19.6	19.3	20.7	16.9	16.6	18.3	18.9	7.6	22.7
	232	220	221	219	210	206	204	209	206	205	197	194
	1,511	1,346	1,519	1,573	1,548	1,218	1,391	1,396	1,348	1,252	1,231	1,230
	13,228	11,621	11,296	10,879	10,584	8,541	8,750	8,978	9,171	8,974	8,427	8,620
	1,997	1,746	1,922	1,846	1,864	1,413	1,441	1,508	1,536	1,461	1,394	1,385
	1,765	1,526	1,701	1,628	1,654	1,207	1,237	1,299	1,330	1,256	1,197	1,191
Profit
	1,944	1,965	1,893	1,906	1,875	1,497	1,494	1,589	1,550	1,462	1,367	1,412
	0.0	0.0	0.0	−119	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	1,944	1,965	1,893	1,787	1,875	1,497	1,494	1,589	1,550	1,462	1,367	1,412
	550	463	468	383	449	339	370	364	370	345	331	354
	−49.2	40.1	−102	34.4	7.2	81.7	26.3	24.9	28.0	30.5	17.6	10.5
	501	503	367	417	456	420	396	389	398	375	349	365
	417	−43.9	−52.3	−94.6	−98.0	629	71.0	−91.7	−86.3	−54.1	−74.6	44.3
	1,861	1,418	1,474	1,275	1,321	1,706	1,169	1,108	1,066	1,032	943	1,091
	1,443	1,462	1,526	1,370	1,419	1,076	1,098	1,200	1,153	1,086	1,018	1,047
	28.3	−7.4	58.7	−12.8	22.2	−11.5	−18.0	6.5	−5.7	−21.8	−11.9	−13.1
	1,889	1,411	1,533	1,262	1,343	1,694	1,151	1,115	1,061	1,010	932	1,078
	1,861	1,412	1,460	1,268	1,309	1,705	1,161	1,108	1,064	1,046	935	1,093
	−0.8	5.6	13.9	7.6	12.1	0.4	7.4	0.8	2.8	−13.7	8.5	−2.3
Per share
	₹92.99	₹70.59	₹72.98	₹63.36	₹65.41	₹85.26	₹58.08	₹55.38	₹53.19	₹52.31	₹46.78	₹54.71
	₹92.91	₹70.53	₹72.91	₹63.30	₹65.34	₹85.17	₹58.01	₹55.31	₹53.08	₹52.21	₹46.70	₹54.59
Other comprehensive income — detail
	28.3	−7.4	58.7	−12.8	22.2	−11.5	−18.0	—	—	—	—	—
	−4.7	−4.7	1.5	−13.6	−5.4	−4.0	−7.1	−3.4	−4.5	−1.1	−21.2	−3.6
	−1.4	−1.4	0.3	−3.4	−1.1	−1.1	−1.5	—	—	—	—	—
	—	—	—	—	—	—	—	−0.9	−0.9	−0.9	−5.0	−0.8
	34.3	−1.8	64.4	−0.7	30.3	−7.4	−13.0	9.5	−2.2	−26.2	5.3	−11.5
	2.7	2.3	6.9	1.8	3.9	1.3	−0.6	—	—	—	—	—
	—	—	—	—	—	—	—	0.5	−0.1	−4.6	1.1	−1.2
	1,887	1,402	1,511	1,253	1,327	1,694	1,145	1,113	1,059	1,030	924	1,081
	2.3	8.6	21.3	9.5	15.7	0.2	6.1	2.2	1.7	−19.6	8.1	−3.1
Per share — as-filed variants
	₹92.99	₹70.59	₹72.98	₹63.36	₹65.41	₹85.26	₹58.08	₹55.38	₹53.19	₹52.31	₹46.78	₹54.71
	₹92.91	₹70.53	₹72.91	₹63.30	₹65.34	₹85.17	₹58.01	₹55.31	₹53.08	₹52.21	₹46.70	₹54.59
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	4,317	3,851	4,142	4,173	4,137	3,280	3,528	3,587	3,557	3,341	3,288	3,234
	28.8%	29.3%	31.9%	33.4%	33.9%	33.7%	35.4%	35.0%	33.9%	32.7%	34.2%	33.0%
Adjusted (ex-exceptional items) — derived
	1,944	1,965	1,893	1,906	1,875	1,497	1,494	1,589	1,550	1,462	1,367	1,412
	0.0	0.0	0.0	−119	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	1,861	1,418	1,474	1,366	1,321	1,706	1,169	1,108	1,066	1,032	943	1,091
	₹92.99	₹70.59	₹72.98	₹67.89	₹65.41	₹85.26	₹58.08	₹55.38	₹53.19	₹52.31	₹46.78	₹54.71

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

HEROMOTOCO₹5,105.00

Hero MotoCorp Ltd.

· Auto & Mobility

Annual Quarterly₹ CrorePeersBAJAJ-AUTO TVSMOTOR EICHERMOT BHARATFORG TIINDIA EXIDEIND HYUNDAI MRFMcap ₹1.02L Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	9,787.9	9,616.7	10,210.8	10,482.9	10,259.9	9,969.8	9,727.8	12,218.4	12,486.8	12,978.3	13,126.4	14,970.5
Other Income	243.6	177.3	224.8	238.7	306.4	274.2	309.9	240.4	297.8	210.0	459.7	201.5
Total Income	10,031.4	9,794.0	10,435.6	10,721.6	10,566.3	10,244.0	10,037.7	12,458.8	12,784.6	13,188.3	13,586.1	15,172.0
Expenses
+ Cost of Materials Consumed	6,505.9	6,109.8	6,616.6	6,918.6	6,613.4	6,458.5	6,352.9	8,067.1	8,253.3	8,512.8	9,314.8	10,186.7
+ Purchases of Stock-in-Trade	2.3	126.6	121.6	145.8	144.9	135.7	147.6	190.6	246.0	212.4	222.3	296.7
+ Changes in Inventories	46.0	92.3	131.8	-138.0	-85.8	-152.4	-52.7	-176.5	-185.3	111.1	-261.5	170.3
+ Employee Benefit Expense	618.4	663.4	627.9	672.9	683.2	696.0	649.1	725.5	753.6	701.3	758.4	809.2
+ Finance Costs	22.7	7.6	18.9	18.3	16.6	16.9	20.7	19.3	19.6	18.7	21.4	22.7
+ Depreciation & Amortisation	193.9	196.6	205.4	206.1	208.9	204.1	205.6	210.3	218.6	220.5	219.8	231.8
+ Other Expenses	1,230.4	1,231.0	1,251.7	1,347.5	1,396.4	1,391.3	1,217.9	1,547.7	1,573.0	1,518.7	1,346.2	1,510.7
Total Expenses	8,619.6	8,427.4	8,973.8	9,171.3	8,977.6	8,750.1	8,541.1	10,583.9	10,878.9	11,295.5	11,621.5	13,228.0
EBITDA	1,384.9	1,393.6	1,461.3	1,536.1	1,507.7	1,440.8	1,412.9	1,864.0	1,846.2	1,922.0	1,746.1	1,997.0
EBIT	1,191.0	1,197.0	1,255.8	1,330.0	1,298.8	1,236.6	1,207.3	1,653.8	1,627.6	1,701.5	1,526.3	1,765.2
Profit
PBT before Exceptional Items	1,411.8	1,366.7	1,461.8	1,550.3	1,588.7	1,493.9	1,496.6	1,874.9	1,905.7	1,892.8	1,964.6	1,944.0
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-119.0	0.0	0.0	0.0
Pretax Income	1,411.8	1,366.7	1,461.8	1,550.3	1,588.7	1,493.9	1,496.6	1,874.9	1,786.7	1,892.8	1,964.6	1,944.0
+ Current Tax	354.5	331.0	344.9	369.6	363.6	369.9	338.6	448.7	382.6	468.2	462.7	550.0
+ Deferred Tax	10.5	17.6	30.5	28.0	24.9	26.3	81.7	7.2	34.4	-101.6	40.1	-49.2
Tax Expense	365.0	348.6	375.5	397.6	388.6	396.2	420.4	455.9	417.0	366.6	502.8	500.8
+ Share of Associates & JVs	44.3	-74.6	-54.1	-86.3	-91.7	71.0	629.4	-98.0	-94.6	-52.3	-43.9	417.4
Net Income	1,091.1	943.5	1,032.2	1,066.5	1,108.4	1,168.8	1,705.7	1,321.0	1,275.2	1,473.9	1,417.9	1,860.6
+ Net Income — Continuing Ops	1,046.8	1,018.0	1,086.4	1,152.8	1,200.1	1,097.7	1,076.2	1,419.0	1,369.7	1,526.2	1,461.8	1,443.2
+ Other Comprehensive Income	-13.1	-11.9	-21.8	-5.7	6.5	-18.0	-11.5	22.2	-12.8	58.7	-7.4	28.3
Total Comprehensive Income	1,078.0	931.6	1,010.4	1,060.8	1,114.9	1,150.8	1,694.1	1,343.2	1,262.4	1,532.6	1,410.6	1,888.9
Net Income to Common	1,093.4	935.0	1,045.9	1,063.7	1,107.6	1,161.3	1,705.3	1,308.9	1,267.6	1,460.0	1,412.4	1,861.3
Minority Interest	-2.3	8.5	-13.7	2.8	0.8	7.4	0.4	12.1	7.6	13.9	5.6	-0.8
Per Share
Basic EPS	54.71	46.78	52.31	53.19	55.38	58.08	85.26	65.41	63.36	72.98	70.59	92.99
Diluted EPS	54.59	46.70	52.21	53.08	55.31	58.01	85.17	65.34	63.30	72.91	70.53	92.91
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-18.0	-11.5	22.2	-12.8	58.7	-7.4	28.3
+ Items NOT to be Reclassified to P&L	-3.6	-21.2	-1.1	-4.5	-3.4	-7.1	-4.0	-5.4	-13.6	1.5	-4.7	-4.7
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-1.5	-1.1	-1.1	-3.4	0.3	-1.4	-1.4
+ Tax on Items NOT to be Reclassified — alt tag	-0.8	-5.0	-0.9	-0.9	-0.9	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	-11.5	5.3	-26.2	-2.2	9.5	-13.0	-7.4	30.3	-0.7	64.4	-1.8	34.3
+ Tax on Items to be Reclassified	—	—	—	—	—	-0.6	1.3	3.9	1.8	6.9	2.3	2.7
+ Tax on Items to be Reclassified — alt tag	-1.2	1.1	-4.6	-0.1	0.5	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	1,081.1	923.5	1,030.0	1,059.1	1,112.7	1,144.7	1,694.0	1,327.5	1,252.9	1,511.3	1,402.0	1,886.6
Comprehensive Income — Non-controlling Interests	-3.1	8.1	-19.6	1.7	2.2	6.1	0.2	15.7	9.5	21.3	8.6	2.3
Per Share — as-filed variants
Basic EPS — Continuing Operations	54.71	46.78	52.31	53.19	55.38	58.08	85.26	65.41	63.36	72.98	70.59	92.99
Diluted EPS — Continuing Operations	54.59	46.70	52.21	53.08	55.31	58.01	85.17	65.34	63.30	72.91	70.53	92.91
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	3,233.7	3,288.0	3,340.9	3,556.5	3,587.4	3,528.0	3,279.9	4,137.2	4,172.8	4,142.0	3,850.7	4,316.9
Gross Margin %	33.04	34.19	32.72	33.93	34.96	35.39	33.72	33.86	33.42	31.91	29.34	28.84
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	1,411.8	1,366.7	1,461.8	1,550.3	1,588.7	1,493.9	1,496.6	1,874.9	1,905.7	1,892.8	1,964.6	1,944.0
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-119.0	0.0	0.0	0.0
Net Income Adj (tax-effected)	1,091.1	943.5	1,032.2	1,066.5	1,108.4	1,168.8	1,705.7	1,321.0	1,366.4	1,473.9	1,417.9	1,860.6
EPS Adj	54.71	46.78	52.31	53.19	55.38	58.08	85.26	65.41	67.89	72.98	70.59	92.99
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Paid Up Equity Capital	40.0	40.0	40.0	40.0	40.0	40.0	40.0	40.0	40.0	40.0	40.0	40.0

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Hero MotoCorp Q2 FY27 results (July–September 2026)

Filed with NSE on Wednesday, 28 October 2026 at 7:39 pm IST

Hero MotoCorp (NSE: HEROMOTOCO) reported its Q2 FY27 results (July–September 2026) on Wednesday, 28 October 2026 at 7:39 pm IST. Consolidated net profit attributable to shareholders was ₹1,861 crore, up 42.2% from ₹1,309 crore in Q2 FY26 and up 31.8% from ₹1,412 crore in Q1 FY27. Revenue from operations was ₹14,971 crore, up 22.5% year on year and up 14.0% from the previous quarter.

Q2 FY26 results (a year earlier): 13 November 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹1,861 Cr+42.2% vs Q2 FY26+31.8% vs Q1 FY27Total incl. minority interest ₹1,861 Cr
Revenue from operations: ₹14,971 Cr+22.5% vs Q2 FY26+14.0% vs Q1 FY27
Operating margin (EBIT): 11.8%−1.7 pts vs Q2 FY26+0.2 pts vs Q1 FY27EBIT ₹1,765 Cr
EBITDA: ₹1,997 Cr+7.1% vs Q2 FY26+14.4% vs Q1 FY27margin 13.3%
Earnings per share (basic): ₹92.99+42.2% vs Q2 FY26+31.7% vs Q1 FY27
Net profit margin: 12.4%+1.7 pts vs Q2 FY26+1.7 pts vs Q1 FY27

Questions

What was Hero MotoCorp's net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹1,861 crore, up 42.2% from ₹1,309 crore in Q2 FY26 and up 31.8% from ₹1,412 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹1,861 crore.

What was Hero MotoCorp's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹1,765 crore, a margin of 11.8%, against 11.6% in Q1 FY27 and 13.5% in Q2 FY26. EBITDA was ₹1,997 crore, 13.3% of revenue.

What was Hero MotoCorp's net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹3,274 crore, up 8.6% from ₹3,014 crore in the same months a year earlier. Revenue from operations was ₹28,097 crore, up 28.0%.

What was Hero MotoCorp's revenue in Q2 FY27?

Revenue from operations was ₹14,971 crore, up 22.5% year on year and up 14.0% from the previous quarter.

What was Hero MotoCorp's EPS in Q2 FY27?

Basic earnings per share were ₹92.99, against ₹65.41 in Q2 FY26.

What was Hero MotoCorp's revenue in FY26?

Revenue from operations was ₹47,411 crore in FY26 (April 2025–March 2026), up 15.9% from ₹40,923 crore in FY25. It was ₹37,789 crore in FY24 and ₹34,158 crore in FY23: up 38.8% over three years, 11.5% a year on average.

How were Hero MotoCorp's Q2 FY27 results?

Both grew from a year earlier: net profit was up 42.2% at ₹1,861 crore and revenue was up 22.5% at ₹14,971 crore. The operating margin was 11.8%, down 1.7 percentage points from 13.5% a year earlier. Against Q1 FY27, net profit was up 31.8% and revenue up 14.0%.

What is Hero MotoCorp's net profit margin?

Hero MotoCorp's net profit margin was 12.4% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 10.7% in Q2 FY26 (up 1.7 percentage points). For FY26 as a whole it was 12.1%.

What was Hero MotoCorp's net profit in FY26?

Consolidated net profit attributable to shareholders was ₹5,742 crore in FY26 (April 2025–March 2026), up 31.1% from ₹4,378 crore in FY25. It was ₹3,745 crore in FY24 and ₹2,800 crore in FY23: up 105.1% over three years, 27.0% a year on average.

How has Hero MotoCorp's profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹1,268 crore in Q3 FY26, ₹1,460 crore in Q4 FY26, ₹1,412 crore in Q1 FY27 and ₹1,861 crore in Q2 FY27. That is ₹6,001 crore over the four quarters, up 13.6% from ₹5,283 crore in the four quarters before. Revenue from operations: ₹12,487 crore, ₹12,978 crore, ₹13,126 crore and ₹14,971 crore.

When did Hero MotoCorp announce its Q2 FY27 results?

On Wednesday, 28 October 2026 at 7:39 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 13 November 2025.

When will Hero MotoCorp announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Hero MotoCorp figures come from?

From Hero MotoCorp's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 28 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.