Integrated Filing — IndAS



General information about company
Scrip Code 500182
NSE Symbol HEROMOTOCO
MSEI Symbol NOTLISTED
ISIN INE158A01026
Name of company HERO MOTOCORP LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 06-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Not applicable
Start date and time of board meeting 06-Aug-2025   14:15:00
End date and time of board meeting 06-Aug-2025   17:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 97277500000
Other income 3099400000
Total income 100376900000
2 Expenses
(a) Cost of materials consumed 63529400000
(b) Purchases of stock-in-trade 1475500000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -526500000
(d) Employee benefit expense 6490700000
(e) Finance costs 206600000
(f) Depreciation, depletion and amortisation expense 2056100000
(f) Other Expenses
1 Other Expenses 12179400000 12179400000
Total other expenses 12179400000
Total expenses 85411200000
3 Total profit before exceptional items and tax 14965700000
4 Exceptional items 0
5 Total profit before tax 14965700000
6 Tax expense
7 Current tax 3386200000
8 Deferred tax 817400000
9 Total tax expenses 4203600000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 10762100000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 6294400000
16 Total profit (loss) for period 17056500000
17 Other comprehensive income net of taxes -115200000
18 Total Comprehensive Income for the period 16941300000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 17052900000
Total profit or loss, attributable to non-controlling interests 3600000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 16939500000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 1800000
21 Details of equity share capital
Paid-up equity share capital 400000000
Face value of equity share capital 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 85.26
Diluted earnings (loss) per share from continuing operations 85.17
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 85.26
Diluted earnings (loss) per share from continuing and discontinued operations 85.17
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The above unaudited consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of Companies Act, 2013, read together with the Companies (Indian Accounting Standard) Rules, 2015 (as amended). 2. The above unaudited consolidated financial results for the quarter ended June 30, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on August 06, 2025. 3. On May 13, 2025, the Board of Directors had considered and approved final dividend @ 3,250% i.e. Rs.65 per equity share (face value of Rs.2 per equity share) for the financial year 2024-25. This dividend together with the interim dividend @5000% i.e. Rs.100 per equity share, aggregates the total dividend for the year 2024-25 to Rs. 165 per equity share i.e. 8,250%, has been approved by the shareholders in the Annual General Meeting held on August 05, 2025. 4. During the quarter ended June 30, 2025, 4,872 equity shares of Rs. 2 each were issued and allotted under the Employee Incentive Scheme – 2014. 5. Particulars of subsidiaries and associates as on March 31, 2025 a) Subsidiaries (held directly) - HMCL Netherlands B.V., HMC MM Auto Limited, HMCL Americas Inc., Hero Tech Center Germany GmbH b) Subsidiaries (held indirectly) - HMCL Colombia S.A.S., Hero MotoCorp Do Brasil LTDA, HMCL Niloy Bangladesh Limited (subsidiaries of HMCL Netherlands B.V.) c) Associates - Hero FinCorp Limited (Consolidated), Ather Energy Limited (formerly known as Ather Energy Private Limited) and Euler Motors Private Limited (Consolidated). 6. During the quarter ended June 30, 2025, the Company has made the following investment: Name of the Company/ Nature/ Quarter ended June 30, 2025/ Euler Motors Private Limited/ Associate/ Rs. 510 crore/ Total/ Rs. 510 crore.7. During the year ended March 31, 2024, the Income Tax Authorities had disallowed certain expenses incurred in prior periods and made a demand of Rs.178 crores. The Company evaluated the demand and based on external legal advice, supporting documents for these expenses and other available information had filed an appeal with the Commissioner of Income Tax – Appeals in April 2024, and concluded that no provision is required for this demand as it is probable that the Company’s position will be accepted upon ultimate resolution. Further, there were investigations instituted against the Company and its Chairman by certain other government agencies in the past. During the previous period, certain investigations against the Company and its Chairman were concluded favorably. While uncertainty exists regarding the ultimate outcome of the other investigations, based on the developments in favour of the Company’s position and external legal advice, the Company after considering available information and facts, as of the date of approval of the financial results, has not identified any material adjustments, disclosures or any effect to financial results or financial information.8. The figures for the quarter ended March 31, 2025 are the balancing figures between the audited figures for the year ended March 31, 2025 and published results figures upto nine months ended December 31, 2024 which were subjected to limited review. Previous period/year figures have been regrouped/ reclassified wherever necessary.9. The Ministry of Environment, Forest and Climate Change issued the Environment Protection (End-of-Life Vehicles) Rules, 2025 (ELV rules), effective from April 01, 2025. In accordance with ELV rules, Extended Producer Responsibility (EPR) obligations are imposed on producers (“vehicle manufacturers”) for the scrapping of End-of-Life Vehicles. The obligations require acquiring EPR certificates from registered Vehicle Scrapping Facilities via a Centralised Online Portal (Portal), for the applicable year's obligation. As the Portal is yet to be developed and made operational, the registration of producers and vendors, pricing mechanism for EPR certificates, and measurement framework for determining obligations are not yet available. Consequently, the Company is currently unable to reliably estimate a range of possible outcomes and will be evaluated once the implementation framework for determining the reliable estimate is established. 10. During the quarter, associate of the Company Ather Energy Limited (formerly known as Ather Energy Private Limited), successfully completed its Initial Public Offering (IPO) of equity shares. Following the IPO, the equity shares were listed on the National Stock Exchange Limited (NSE) and BSE Limited (BSE). During the quarter, Share in net Profit/ (loss) of associates includes gain of Rs. 722.18 crores on dilution of the Company’s share of investment in associates on account of Public Issue and Private Placement.11. Based on the guiding principles given in Ind AS-108 on 'Operating Segments', the Group's business activity fall within a single operating segment, namely automotive segment. 12. The above consolidated financial results of the Group are available on the Company's website www.heromotocorp.com and also on www.bseindia.com and www.nseindia.com. nFor and on behalf of the Board of Directors, DR. PAWAN MUNJAL, Executive Chairman, DIN : 00004223 nNew Delhi, August 06, 2025



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gains/(losses) on defined benefit plans -44200000 -44200000
2 Share of Other comprehensive income of associates 4600000 4600000
Total Amount of items that will not be reclassified to profit and loss -39600000
2 Income tax relating to items that will not be reclassified to profit or loss -11100000
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences in translating the financial information of foreign operations 51700000 51700000
2 Share of Other comprehensive income of associates -125400000 -125400000
Total Amount of items that will be reclassified to profit and loss -73700000
4 Income tax relating to items that will be reclassified to profit or loss 13000000
5 Total Other comprehensive income -115200000