5449362026-04-012026-06-305449362026-06-305449362026-04-012026-06-30in-capmkt:OtherExpenses1Member5449362026-04-012026-06-30in-capmkt:ReportableSegments1Member5449362026-04-012026-06-30in-capmkt:ReportableSegments2Member5449362026-04-012026-06-30in-capmkt:ReportableSegments1Member5449362026-04-012026-06-30in-capmkt:ReportableSegments2Member5449362026-04-012026-06-30in-capmkt:ReportableSegments1Member5449362026-06-30in-capmkt:ReportableSegments1Member5449362026-04-012026-06-30in-capmkt:ReportableSegments2Member5449362026-06-30in-capmkt:ReportableSegments2Member5449362026-04-012026-06-30in-capmkt:ReportableSegments1Member5449362026-06-30in-capmkt:ReportableSegments1Member5449362026-04-012026-06-30in-capmkt:ReportableSegments2Member5449362026-06-30in-capmkt:ReportableSegments2Member5449362026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares544936HEROMOTORSNOTLISTEDINE012G01022HERO MOTORS LIMITEDMain BoardEquity2026-04-012027-03-312026-10-132026-10-07INRLakhsQuarterlyFirst quarterMulti segment2026-10-1313:00:002026-10-1321:00:00Not applicable2026-04-012026-06-30UnauditedConsolidated3193231000332010003226432000177316400071111000-230040004438830001117050001250960005686060003070561000155871000015587100077238000-17077000601610000957100000000957100005213000100923000102033000-6323000107148000-62250003592875000100.270.27000.270.271. 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). <br /> 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. <br /> 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 <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. other expenses568606000Powertain solutions1705313000Alloy and Metallics165907300033643860001711550003193231000Powertain solutions335036000Alloy and Metallics-2551300030952300011170500041947000155871000Powertain solutions9481818000Alloy and Metallics350030500012982123000122438600014206509000Powertain solutions3290321000Alloy and Metallics1763888000505420900043412580009395467000Pls refer note No. 7re-measurement gains/losses on defined benefit plans588600058860001472000-7990005213000