HEROMOTOCO2025-10-012025-12-31HEROMOTOCO2025-04-012025-12-31HEROMOTOCO2025-10-012025-12-31in-capmkt:OtherExpenses1MemberHEROMOTOCO2025-04-012025-12-31in-capmkt:OtherExpenses1MemberHEROMOTOCO2025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1HEROMOTOCO2025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss2HEROMOTOCO2025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1HEROMOTOCO2025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss2HEROMOTOCO2025-10-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss1HEROMOTOCO2025-10-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss2HEROMOTOCO2025-04-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss1HEROMOTOCO2025-04-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss2HEROMOTOCO2025-10-012025-12-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares500182HEROMOTOCONOTLISTEDINE158A01026HERO MOTOCORP LIMITEDMain BoardEquity2025-04-012026-03-312026-02-052026-01-21INRCroresQuarterlyThird quarterSingle segment05-02-20262026-02-0518:30:002026-02-0520:45:00Declaration of unmodified opinion2025-10-012025-12-31UnauditedConsolidated1248682000002977600000127845800000825334000002460300000-1853300000753590000019640000021861000001572970000010878850000019057300000-11900000001786730000038259000003443000004170200000013697100000000-94560000012751500000-1275000001262400000012675500000760000001252880000095200000400200000263.3663.30063.3663.31. 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 and nine months ended December 31, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on February 05, 2026.3. On February 05, 2026, the Board of Directors has considered and approved interim dividend @5500% i.e. Rs.110 per equity share (face value of Rs.2 per equity share) for the financial year 2025-26.4. During the quarter ended December 31, 2025, 13,752 equity shares and nine months ended December 31, 2025, 70,776 equity shares of Rs. 2 each were issued and allotted under the Employee Incentive Scheme – 2014.5. Particulars of subsidiaries and associates as on December 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 and nine months ended December 31, 2025, the Company has made the following investment:Name of the Company- Euler Motors Private Limtied/ Nature- Associate/ Quarter ended December 31, 2025- "-"/Nine months ended December 31, 2025- 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 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. 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.9. On November 21 , 2025, the Government of India notified the four Labour codes - 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 - consolidating 29 existing Labour Laws. Based on the draft rules and FAQs issued by the ministry of labour and employment and best available information, the Company has estimated the financial implications thereof and has made an additional provision of Rs 119 crores in the quarter and nine months ended December 31 , 2025. Considering the materiality, regulatory driven and non - recurring nature of the impact, the company has presented such incremental impact under "Exceptional item". The Company continues to monitor the finalisation of central/state rules and other developments pertaining to labour codes and would provide appropriate accounting effect on the basis of such developments, if any.10. During the nine months ended December 31, 2025, Share in net Profit/ (loss) of associates includes 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 Director,DIN : 00004223,New Delhi, February 05, 20262025-04-012025-12-31UnauditedConsolidated34432960000084809000003528105000002267334000005841600000-41443000002128160000059550000063449000004338570000030003840000052772100000-11900000005158210000011699300000123350000012932800000038649300000000436850000043017800000-208000004299700000042817300000200500000427430000002540000004002000002214.03213.8100214.03213.81other expenses15729700000other expenses43385700000Re-measurement(losses) on defined benefit plans-138700000Share of Other comprehensive income of associates2300000-136400000Re-measurement(losses) on defined benefit plans-227200000Share of Other comprehensive income of associates-2700000-229900000-34300000-56600000Exchange differences in translating the financial information of foreign operations72000000Share of Other comprehensive income of associates-79300000-7300000Exchange differences in translating the financial information of foreign operations276500000Share of Other comprehensive income of associates-544000002221000001810000069600000-127500000-20800000UnauditedtrueDeloitte Haskins & Sells LLPtrue2027-07-31