Hero MotoCorp Q2 Consolidated Net Profit Rises 41% to Rs 1,861 Crore

Hero MotoCorp reported a 40.85% year-on-year increase in consolidated net profit for Q2 FY27, recording Rs 1,860.55 crore compared to Rs 1,320.98 crore in the corresponding period of the previous financial year. Consolidated net profit attributable to the owners of the company stood at Rs 1,861.33 crore, reflecting a 41.03% growth against Rs 1,308.89 crore in Q2 FY26.

On a standalone basis, Hero MotoCorp reported a 4.55% increase in net profit for Q2 FY27 at Rs 1,456.22 crore, compared to Rs 1,392.83 crore in Q2 FY26. Standalone revenue from operations grew 21.12% to Rs 14,687.43 crore from Rs 12,126.37 crore in the year-ago quarter. Total standalone expenses rose to Rs 12,942.21 crore against Rs 10,505.53 crore in Q2 FY26. Standalone sales volume for the quarter reached 18.68 lakh units, marking a 10.47% increase over 16.91 lakh units sold in Q2 FY26.

Consolidated revenue from operations for the quarter rose 22.52% year-on-year to Rs 14,970.50 crore, up from Rs 12,218.39 crore in Q2 FY26. Total consolidated income reached Rs 15,172.00 crore, compared to Rs 12,458.78 crore recorded in Q2 FY26.

Total consolidated expenses for Q2 FY27 expanded by 25% year-on-year to Rs 13,227.99 crore, up from Rs 10,583.87 crore in the prior-year period. Raw material costs rose to Rs 10,186.65 crore compared to Rs 8,067.06 crore in Q2 FY26. 

According to review notes, share in net profit of associates includes an exceptional gain of Rs 397 crore recognised due to a change in the company's share of investment in an associate following capital raising via a Qualified Institutional Placement and Private Placement.

Total consolidated tax expense for the quarter stood at Rs 500.84 crore, comprising current tax of Rs 549.99 crore and deferred tax credit of Rs 49.15 crore. Profit before exceptional items and tax stood at Rs 2,361.39 crore, compared to Rs 1,776.88 crore in Q2 FY26.

The board of directors also approved an additional investment of up to Rs 300 crore in its wholly-owned subsidiary, HMCL Netherlands B.V., to be deployed over two years in tranches to fund its step-down subsidiaries, HMCL Colombia S.A.S. and Hero MotoCorp Do Brasil Ltda.