Hero MotoCorp shares decline over 3% post Q1 FY25 results; check details

In the early trade, the stock was trading 3.5% lower at ₹5,060.6 apiece on the National Stock Exchange (NSE). The company's market capitalisation stands at ₹1.01 lakh crore.

Hero MotoCorp Q1 results

Hero MotoCorp posted a 47% increase in consolidated net profit to ₹1,032 crore in the April-June quarter of the current financial year. In the year-ago period, the country's largest two-wheeler maker had reported a net profit of ₹701 crore.

However, the company missed the street estimates.

Revenue from operations jumped 15.3% to ₹10,211 crore from ₹8,851 crore, the company said in an exchange filing.

On a standalone basis, the company said its profit after tax (PAT) surged 36% year-on-year (YoY) to ₹1,123 crore, its highest-ever post-tax profit.

Standalone revenue from operations was reported at ₹10,144 crore in the quarter under review, up 16% compared to ₹8,767 crore a year back.

The company said it sold 15.35 lakh units of motorcycles and scooters in the latest June quarter, compared to 13.53 lakh units in Q1 FY24.

Hero MotoCorp witnessed positive trends across domestic, electric vehicle (EV) and global businesses during the quarter.

The company also saw sequential improvement in retail sales, it added.

"We continue to be on the profitable growth journey, crossing ₹10,000 crore revenue for the first time ever, accompanied by highest ever underlying PAT," Hero MotoCorp CEO Niranjan Gupta said.

As the company surges forward, it is investing in long-term capability building to ensure sustained future growth delivery, he added.

Gupta stated that the company is witnessing a sharp recovery in market share in the 125 cc segment charged by the new model Xtreme 125 cc while continuing to maintain a formidable market share in the entry and deluxe 100/110 cc segment.