| 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 | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 06-08-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 22-07-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| 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 | Automotive |
| Start date and time of board meeting | 06-08-2026 15:00:00 |
| End date and time of board meeting | 06-08-2026 19:45:00 |
| 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 |
| 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 | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 13,12,635.00 | 13,12,635.00 | |
| Other income | 45,974.00 | 45,974.00 | |
| Total income | 13,58,609.00 | 13,58,609.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 9,31,479.00 | 9,31,479.00 |
| (b) | Purchases of stock-in-trade | 22,232.00 | 22,232.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (26,149.00) | (26,149.00) |
| (d) | Employee benefit expense | 75,844.00 | 75,844.00 |
| (e) | Finance costs | 2,141.00 | 2,141.00 |
| (f) | Depreciation, depletion and amortisation expense | 21,983.00 | 21,983.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 1,34,618.00 | 1,34,618.00 |
| Total other expenses | 1,34,618.00 | 1,34,618.00 | |
| Total expenses | 11,62,148.00 | 11,62,148.00 | |
| 3 | Total profit before exceptional items and tax | 1,96,461.00 | 1,96,461.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 1,96,461.00 | 1,96,461.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 46,272.00 | 46,272.00 |
| 8 | Deferred tax | 4,007.00 | 4,007.00 |
| 9 | Total tax expenses | 50,279.00 | 50,279.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 1,46,182.00 | 1,46,182.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | (4,389.00) | (4,389.00) |
| 16 | Total profit (loss) for period | 1,41,793.00 | 1,41,793.00 |
| 17 | Other comprehensive income net of taxes | (736.00) | (736.00) |
| 18 | Total Comprehensive Income for the period | 1,41,057.00 | 1,41,057.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 1,41,236.00 | 1,41,236.00 | |
| Total profit or loss, attributable to non-controlling interests | 557.00 | 557.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 1,40,197.00 | 1,40,197.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 859.00 | 859.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 4,002.00 | 4,002.00 | |
| Face value of equity share capital | 2 | 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 | 70.59 | 70.59 | |
| Diluted earnings (loss) per share from continuing operations | 70.53 | 70.53 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 70.59 | 70.59 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 70.53 | 70.53 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The above un-audited 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 un-audited consolidated financial results for the quarter ended June 30, 2026 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on August 06, 2026. 3. On May 05, 2026, the Board of Directors had considered and approved final dividend @ 3750% i.e. Rs.75 per equity share (face value of Rs.2 per equity share) for the financial year 2025-26. This dividend together with interim dividend @5500% i.e. Rs.110 per equity share, takes the aggregate total dividend for the financial year 2025-26 to Rs.185 per equity share i.e. 9250%, has been approved by the shareholders in the Annual General Meeting held on August 05, 2026. 4. During the quarter ended June 30, 2026 , 3,161 equity shares of Rs. 2 each were issued and allotted under the Employee Incentive Scheme – 2014. 5. Particulars of subsidiaries and associates in the group as on June 30, 2026: 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 (Consolidated) and Euler Motors Private Limited (Consolidated). 6. During the year ended March 31, 2026, the Company made the following investment: Name of the Company/ Nature/ Quarter ended June 30, 2026/ Year ended March 31, 2026/ Euler Motors Private Limited/ Associate/ Nil/Rs. 720 crore/ Total/Nil/ Rs. 720 crore. 7. 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), which is partially operational. However, the pricing mechanism for EPR certificates, and measurement framework for determining financial obligations are not yet made available. Further, the Ministry of Environment, Forest and Climate Change notified the Battery Waste Management Rules, 2022 on February 24, 2025 (as amended from time to time), applicable to producers (manufacturers and importers included), dealers, consumers, and entities involved in the collection, segregation, transportation, refurbishment, and recycling of all types of waste batteries. As a producer of batteries, the group is subject to these obligations, however, sufficient guidance on waste collection mechanisms and associated costs are not yet made available. Consequently, the group is currently unable to reliably estimate a range of possible outcomes and the financial implications of the above rules and will be evaluated once the implementation framework for determining the reliable estimate is established. 8. On November 21, 2025, the Government of India notified the four Labour codes - The code on Wages, 2019, The Industrial Relations code, The code on Social Security, 2020, and The Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing Labour Laws. Based on the rules and FAQs issued by the ministry of labour and employment and best available information, the Group has estimated the financial implications thereof and has made an additional provision of Rs.119 crores in the year ended March 31 , 2026. Considering the materiality, regulatory driven and non - recurring nature of the impact, the Group has presented such incremental impact under Exceptional item. 9. The figures for the quarter ended March 31, 2026 are the balancing figures between the audited figures for the year ended March 31, 2026 and published results figures upto nine months ended December 31, 2025 which were subjected to limited review. Previous period/year figures have been regrouped/ reclassified wherever necessary. 10. During the quarter ended June 30, 2025 and year ended March 31, 2026, share in net profit/ (loss) of associates included gain of Rs. 735.81 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. For and on behalf of the Board of Directors, , DR. PAWAN MUNJAL, Executive Chairman, DIN : 00004223 New Delhi, August 06, 2026 |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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 | 01-04-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-06-2026 | 30-06-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | 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 | |||||||
| 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 | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement of defined benefit plans | (538.00) | (538.00) |
| 2 | Share of Other comprehensive income of associates | 67.00 | 67.00 |
| Total Amount of items that will not be reclassified to profit and loss | (471.00) | ||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (135.00) | (135.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Exchange differences in translating the financial information of foreign operations | 895.00 | 895.00 |
| 2 | Share of Other comprehensive income of associates | (1,070.00) | (1,070.00) |
| Total Amount of items that will be reclassified to profit and loss | (175.00) | ||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 225.00 | 225.00 |
| 5 | Total Other comprehensive income | (736.00) | (736.00) |