Hero MotoCorp Q2 Results: Top and bottom lines grow 16%, margin expands by 55 bps—Key takeaways

Hero MotoCorp on Thursday reported a net profit of Rs 1,393 crore for the quarter ended September 30, almost in line with estimates. The net profit grew 15.8 per cent over the corresponding period a year ago.

The auto major's quarterly revenue increased 15.9 per cent on a year-on-year basis to Rs 12,126 crore, according to a regulatory filing.

Hero MotoCorp Q2 FY26 Earnings | How top and bottom lines fare vs estimates

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While the bottom line almost met the mark, the top line exceeded analysts' expectations. Both figures were the company's highest-ever in the July-September period.

According to Zee Business research, Hero MotoCorp's second-quarter net profit and revenue were estimated at Rs 1,403 crore and Rs 11,940 crore, respectively.

The company sold 16.91 lakh motorcycles and scooters during the quarter, versus 15.2 lakh sold a year ago.

Hero MotoCorp Q2 Results | Operational performance

The motorcycle maker's operational profit jumped 20.3 per cent to Rs 1,823 crore, according to the filing.

Its margin -- a key measure of profitability -- improved by 55 basis points to 15 per cent.

Hero MotoCorp outlook and management commentary

“The change in the GST regime has fundamentally simplified India's indirect tax structure and demonstrably improved consumer sentiment. The industry witnessed direct benefits of this policy reform, reflected in strong market performance," said Vivek Anand, CFO, Hero MotoCorp.

Hero MotoCorp expects momentum in broad-based growth across the industry, aided by positive festive sentiment, to continue with benefits flowing in from the GST 2.0 reforms, healthy macroeconomic parameters and a robust product portfolio, he said.

"We remain committed to sustained growth and will continue to invest strategically in technology, global markets, and product innovation to build long‐term value for our shareholders," added Anand.

Hero MotoCorp said its international business continued its upward growth trajectory with 7.0 per cent dispatch growth. It marked entry into Europe and the UK markets with its Euro5 Plus-compliant portfolio.

Hero MotoCorp share price

Earlier on Thursday, the Hero MotoCorp stock declined 0.4 per cent to end at Rs 5,506.8 apiece on BSE.

At this level, the stock has risen 31.4 per cent so far this year, outperforming the Nifty50 and Nifty Auto indices' 9.0 per cent and 18.3 per cent, respectively.