5001822025-07-012025-09-305001822025-09-305001822025-03-315001822025-04-012025-09-305001822025-07-012025-09-30in-capmkt:OtherExpenses1Member5001822025-04-012025-09-30in-capmkt:OtherExpenses1Member5001822025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15001822025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25001822025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15001822025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25001822025-07-012025-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15001822025-07-012025-09-30ItemsThatWillBeReclassifiedToProfitAndLoss25001822025-04-012025-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15001822025-04-012025-09-30ItemsThatWillBeReclassifiedToProfitAndLoss25001822025-07-012025-09-30AuditorDomain1iso4217:INRiso4217:INRxbrli:shares500182HEROMOTOCONOTLISTEDINE158A01026Hero MotoCorp LimitedMain BoardEquity2025-04-012026-03-312025-11-132025-10-24INRCroresQuarterlySecond quarterSingle segmentNot Applicable2025-11-1314:15:002025-11-1318:20:00trueCash Flow IndirectDeclaration of unmodified opinion2025-07-012025-09-30UnauditedConsolidated1221839000002403900000124587800000806706000001905800000-17645000007255000000192500000210270000015476600000105838700000187491000000187491000004487200000718000004559000000014190100000000-98030000013209800000221900000134317000001308890000012090000013274700000157000000400100000265.4165.340065.4165.343. 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). 4. The above unaudited consolidated financial results for the quarter and half year ended September 30, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on November 13, 2025.5. 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. 6. During the quarter ended September 30, 2025, 52,152 equity shares and half year ended September 30, 2025, 57,024 equity shares of Rs. 2 each were issued and allotted under the Employee Incentive Scheme – 2014. 7. Particulars of subsidiaries and associates as on September 30, 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). 8. During the quarter and half year ended September 30, 2025, the Company has made the following investment: Name of the Company- Euler Motors Private Limited/ Nature- Associate/ Quarter ended June 30, 2025-510 crore/ Quarter ended September 30, 2025- NIL, 9. 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. 10. 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. 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, November 13, 20252025-04-012025-09-30UnauditedConsolidated21946140000055033000002249647000001442000000003381300000-22910000001374570000039910000041588000002765600000019124990000033714800000033714800000787340000088920000087626000000249522000000005314100000302663000001067000003037300000030141800000124500000302142000001588000004001000002150.67150.5100150.67150.51Other Expenses15476600000Other Expenses27656000000513167000001980700000509720000005706800000410160000004018560000029037400000025140000049210000029780900000029540000001411235000002629420000010423000000042527700000297180000074380000027980000012952000001520483000005723000006572700000185487500000003266110000004001000002096495000002100496000001448200000211497800000000031383000003138300000601800000077005000000016856800000448510000022835000007392060000076204100000378020000084469400000817780000025768000003032400000098256400000115113200000326611000000399100000-6160800000-87441000000-19486000002800000099500000019208300000049610000004158800000036190000099890000012010000002045000002215000001553200000101700000-2621200000-53141000000-5915400000004301000000380158000000002194300000035821500000051000000000000001014000004998900000221996200000237937500000000000000000000279300000155320000001168800000-229375000000013700000000000825000002477000001303210000039910000000-13747700000-8637000000-86370000038355000002971800000Re-measurement(losses) on defined benefit plans-44300000Share of Other comprehensive income of associates-9600000-53900000Re-measurement(losses) on defined benefit plans-88500000Share of Other comprehensive income of associates-5000000-93500000-11200000-22300000Exchange differences in translating the financial information of foreign operations152800000Share of Other comprehensive income of associates150300000303100000Exchange differences in translating the financial information of foreign operations204500000Share of Other comprehensive income of associates249000002294000003850000051500000221900000106700000UnauditedtrueDeloitte Haskins & Sells LLPtrue2027-07-31