Integrated Filing — IndAS



General information about company

Scrip Code 544936
NSE Symbol HEROMOTORS
MSEI Symbol NOTLISTED
ISIN INE012G01022
Name of company HERO MOTORS 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 13-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-10-2026
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 Auto Components and Equipments
Start date and time of board meeting 13-10-2026   13:00:00
End date and time of board meeting 13-10-2026   21:00:00
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

Amount in (Lakhs)

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 27,819.65 27,819.65
Other income 372.98 372.98
Total income 28,192.63 28,192.63
2 Expenses
(a) Cost of materials consumed 16,747.71 16,747.71
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (114.57) (114.57)
(d) Employee benefit expense 2,346.77 2,346.77
(e) Finance costs 803.48 803.48
(f) Depreciation, depletion and amortisation expense 621.47 621.47
(f) Other Expenses
1 Other Expenses 4,671.85 4,671.85
Total other expenses 4,671.85 4,671.85
Total expenses 25,076.71 25,076.71
3 Total profit before exceptional items and tax 3,115.92 3,115.92
4 Exceptional items 0.00 0.00
5 Total profit before tax 3,115.92 3,115.92
6 Tax expense
7 Current tax 725.37 725.37
8 Deferred tax 50.07 50.07
9 Total tax expenses 775.44 775.44
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 2,340.48 2,340.48
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 0.00 0.00
16 Total profit (loss) for period 2,340.48 2,340.48
17 Other comprehensive income net of taxes 41.14 41.14
18 Total Comprehensive Income for the period 2,381.62 2,381.62
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 35,928.75 35,928.75
Face value of equity share capital 10 10
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 0.62 0.62
Diluted earnings (loss) per share from continuing operations 0.61 0.61
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 0.62 0.62
Diluted earnings (loss) per share from continuing and discontinued operations 0.61 0.61
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 standalone unaudited financial results of the Company for the quarter ended June 30, 2026 have been reviewed by the Audit Committee and taken on record by Board of Directors in their respective meeting held on October 13, 2026. The review as required under Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended), has been carried out by the Statutory Auditors. The Financial Results are available on the website of the Company viz, www.heromotors.com and on the website of National Stock Exchange of India Limited (www.nseindia.com) and Bombay Stock Exchange Limited (www.bseindia.com). 2. The standalone unaudited financial results have been prepared in accordance with the recognition and measurement principles laid down in the lndian Accounting Standard 34 lnterim Financial Reporting (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepled in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended (LODR Regulations}, including relevant circulars issued by the SEBI from time to time. 3. The Company is publishing these results along with the consolidated unaudited financial results, as such in accordance with Ind AS 108 Operating Segments the Company has disclosed the segment information in the consolidated unaudited financial results. 4. On November 21, 2025, Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, (together referred to as “Labour Codes”) which consolidate multiple existing labour laws. The Labour Codes, amongst other things introduce changes, including a uniform definition of wages and enhanced benefits relating to leave. The Company has assessed the financial implications of these changes based on the best information available, which has resulted in overall increase in gratuity liability arising out of past service cost and increase in leave liability by INR 195.88 lakhs. Considering the non-recurring nature of this impact arising out of an enactment of this new legislation, the Company has presented this incremental amount as an exceptional item in the year ended March 31, 2026. The Company continues to monitor the further developments to the Labour Codes and would provide for these developments appropriately. 5. Subsequent to quarter ended June 30, 2026, the Company has completed initial public offer (IPO) of equity shares of face value of INR 10 each at an issue price of INR 84 per share, comprising fresh issue of 7,14,28,571 shares aggregating to Rs. 60,000 lakhs and offer for sale of 4,70,23,809 shares by OP Munjal Holdings and 5,95,238 by Hero Cycles Limited aggregating to Rs. 40,000 lakhs. Pursuant to the IPO, the equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on September 23, 2026. 6. The standalone financial results for the quarter ended June 30, 2026 are drawn up for the first-time in accordance with the SEBI listing regulations and cosequently comparative numbers for the quarter ended June 30, 2025 and March 31, 2026 were not subjected to the limited review by the statutory auditors of the Company and management has exercised necessary due diligence in preparing the financial results of these periods. 7.Further the figures for the quarter ended March 31, 2026 are the balancing figures between the audited standalone figures of the full financial year ended March 31, 2026 and unaudited standalone year to date figures for the nine months ended December 31, 2025. The standalone unaudited figures for the nine months ended December 31, 2025 were not subjected to the limited review by the statutory auditors of the Company. 8.Pursuant to the shareholders agreements (SHA) between the Company and the investors of Compulsory convertible preference shares (CCPS), 2,09,71,941 number of CCPS have been converted, subsequent to the quarter end, into 2,09,71,941 number of equity shares of face value of Rs.10 each as approved by the Board of Directors in their meeting held on Septmber 04, 2026. 9. During the quarter ended June 30, 2026, 951,528 ESOPs granted under the Company's employee stock option schemes were exercised by the Managing Director and Chief Executive Officer of the Company at an exercise price of Rs. 10 per option. The fair value of the exercised options was Rs. 60.93 per option. Accordingly, an amount of Rs. 579.77 lakhs was transferred from the Share-based Payment Reserve to Securities Premium upon allotment of the corresponding equity shares. 10.The Board of Directors in its meeting held on May 01, 2026 declared an interim dividend of Rs. 0.32 per equity share aggregating to Rs. 1213.79 lakhs for the financial year 2026-27. The record date for determining the entitlement of shareholders to the said interim dividend has been fixed as April 24, 2026. The interim dividend was paid to eligible shareholders within the prescribed timelines under applicable laws. 11.IPO-related expenses incurred by the Company were subsequently allocated between the Company and the shareholders participating in the Offer for Sale in accordance with mutually agreed arrangements and applicable regulations. The portion attributable to the Company was adjusted against the Securities Premium Account upon successful listing, to the extent allowable under Section 52 of the Companies Act, 2013.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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



Other Comprehensive Income

Amount in (Lakhs)

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 gains/Losses on defined benefit plans 54.98 54.98
Total Amount of items that will not be reclassified to profit and loss 54.98
2 Income tax relating to items that will not be reclassified to profit or loss 13.84 13.84
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 41.14 41.14