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 Multi segment
Description of single segment
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 31,932.31 31,932.31
Other income 332.01 332.01
Total income 32,264.32 32,264.32
2 Expenses
(a) Cost of materials consumed 17,731.64 17,731.64
(b) Purchases of stock-in-trade 711.11 711.11
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (230.04) (230.04)
(d) Employee benefit expense 4,438.83 4,438.83
(e) Finance costs 1,117.05 1,117.05
(f) Depreciation, depletion and amortisation expense 1,250.96 1,250.96
(f) Other Expenses
1 other expenses 5,686.06 5,686.06
Total other expenses 5,686.06 5,686.06
Total expenses 30,705.61 30,705.61
3 Total profit before exceptional items and tax 1,558.71 1,558.71
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,558.71 1,558.71
6 Tax expense
7 Current tax 772.38 772.38
8 Deferred tax (170.77) (170.77)
9 Total tax expenses 601.61 601.61
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 957.10 957.10
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 957.10 957.10
17 Other comprehensive income net of taxes 52.13 52.13
18 Total Comprehensive Income for the period 1,009.23 1,009.23
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 1,020.33 1,020.33
Total profit or loss, attributable to non-controlling interests (63.23) (63.23)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 1,071.48 1,071.48
Total comprehensive income for the period attributable to owners of parent non-controlling interests (62.25) (62.25)
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 0.27 0.27
Diluted earnings (loss) per share from continuing operations 0.27 0.27
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 0.27 0.27
Diluted earnings (loss) per share from continuing and discontinued operations 0.27 0.27
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 unaudited consolidated financial results 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 Parent 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 unaudited consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in theIndian Accounting Standard 34 Interim Financial Reporting (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013 read withrelevant rules issued thereunder and other accounting principles generally accepled in India and in compliance with Regulation 33 of theSecurities 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 On November 21, 2025, Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code onSocial 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. TheParent 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 z 195.88 lakhs. Considering the non-recurring natureof this impact arising out of an enactment of this new legislation, the Parent Company has presented this incremental amount as an exceptionalitem in the year ended March 31, 2026. The Parent Company continues to monitor the further developments to the Labour Codes and wouldprovide for these developments appropriately. 4 Subsequent to quarter ended June 30, 2026, the Company has completed initial public offer (!PO) of equity shares of face value of INR 10 eachat an issue price of INR 84 per share, comprising fresh issue of 7,14,28,571 shares aggregating to z 60,000 lakhs and offer for sale of4,70,23,809 shares by OP Munjal Holdings and 5,95,238 by Hero Cycles Limited aggregating to z 40,000 lakhs. Pursuant to the !PO, the equityshares of the Parent Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on September 23, 2026. 5 The consolidated 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 limitedreview by the statutory auditors of the Parent Company and management has exercised necessary due diligence in preparing the financialresults of these periods. 6 Further the figures for the quarter ended March 31, 2026 are the balancing figures between the audited consolidated figures of the full financialyear ended March 31, 2026 and unaudited consolidated year to date figures for the nine months ended December 31, 2025.The consolidated,unaudited figures for the nine months ended December 31, 2025 were not subjected to the limited review by the statutory auditors of theCompany. 7 Pursuant to the shareholders agreements (SHA) between the Parent 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 facevalue of no each as approved by the Board of Directors of the Parent Company in their meeting held on September 04, 2026. 8During the quarter ended June 30, 2026, 951,528 ESOPs granted under the Parent Company's employee stock option schemes were exercisedby the Managing Director and Chief Executive Officer at an exercise price of INR 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. 9 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 fixedas April 24, 2026. The interim dividend was paid to eligible shareholders within the prescribed timelines under applicable laws. 10 !PO-related expenses incurred by the Parent Company were subsequently allocated between the Parent Company and the shareholdersparticipating in the Offer for Sale in accordance with mutually agreed arrangements and applicable regulations. The portion attributable to theCompany has been adjusted against the Securities Premium Account upon successful listing, to the extent allowable under Section of theCompanies 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)
1 Powertain solutions 17,053.13 17,053.13
2 Alloy and Metallics 16,590.73 16,590.73
Total Segment Revenue 33,643.86 33,643.86
Less: Inter segment revenue 1,711.55 1,711.55
Revenue from operations 31,932.31 31,932.31
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Powertain solutions 3,350.36 3,350.36
2 Alloy and Metallics (255.13) (255.13)
Total Profit before tax 3,095.23 3,095.23
i. Finance cost 1,117.05 1,117.05
ii. Other Unallocable Expenditure net off Unallocable income 419.47 419.47
Profit before tax 1,558.71 1,558.71
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Powertain solutions 94,818.18 94,818.18
2 Alloy and Metallics 35,003.05 35,003.05
Total Segment Asset 1,29,821.23 1,29,821.23
Un-allocable Assets 12,243.86 12,243.86
Net Segment Asset 1,42,065.09 1,42,065.09
4 Segment Liabilities
Segment Liabilities
1 Powertain solutions 32,903.21 32,903.21
2 Alloy and Metallics 17,638.88 17,638.88
Total Segment Liabilities 50,542.09 50,542.09
Un-allocable Liabilities 43,412.58 43,412.58
Net Segment Liabilities 93,954.67 93,954.67
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) Pls refer note No. 7



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 58.86 58.86
Total Amount of items that will not be reclassified to profit and loss 58.86
2 Income tax relating to items that will not be reclassified to profit or loss 14.72 14.72
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 (7.99) (7.99)
5 Total Other comprehensive income 52.13 52.13