Hero MotoCorp Q1 Result: Standalone net profit flat at ₹1,126 crore, revenue drops 6% YoY

The Gurugram-based company's revenue from operations dropped 6% to ₹9,579 crore in the reporting quarter as against ₹10,144 crore seen in the year-ago period.

On the operational level, Hero MotoCorp’ earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at ₹1,382 crore in contrast to ₹1,460 crore year-on-year (YoY), marking a decline of 5.3%.

The EBITDA margin was also flat at 14.4% as against 14.3% YoY.

On a consolidated basis, Hero MotoCorp’s revenue and profit after tax (PAT) were ₹9,728 crore and ₹1,706 crore, respectively.

The consolidated profit for the quarter includes a one-time gain of ₹722 crore on account of the dilution of the company's share investment in associates consequent to the public issue and private placement.

Commenting on the performance, Vivek Anand, Chief Financial Officer, said, “Our profitability and margins remained resilient, supported by strong demand for our entry & deluxe motorcycles and 125cc scooter segments. We are witnessing good traction in our electric mobility business (VIDA), and global operations also remained ahead of the industry, reflecting the strength of our brand in international markets.”

In Q1 FY26, Hero MotoCorp sold 13.67 lakh units of motorcycles and scooters.

During the quarter, Hero MotoCorp strengthened its product positioning through portfolio enrichments. In the 125cc scooter segment, the charge was led by the Destini 125 and Xoom 125. In the 100cc motorcycle segment, Hero MotoCorp expanded the HF Deluxe Portfolio with the launch of the HF Deluxe Pro, the company said.

The company continued to see steady momentum in its electric mobility business under the VIDA brand, reinforcing its position in the evolving electric vehicle (EV) segment. The global business operations also outperformed industry trends, driven by growth in key international markets and an expanding portfolio across premium and commuter motorcycles.

In the June quarter, the retail demand remained steady, reflected in higher VAHAN registrations. With the upcoming festive season and a robust line-up of new products, the company expects demand to remain healthy in the coming quarters.

“With favourable customer sentiment, the upcoming festive season and a robust pipeline of new product launches, we are confident of sustaining and driving growth in the coming quarters,” Anand further added.

Ahead of the earnings, shares of Hero MotoCorp settled at ₹4,470.10 apiece on the National Stock Exchange, declining 1.69%.