Hero Motors reported a standalone net profit of Rs 23.40 crore for the first quarter ended June 30, 2026, driven by higher operational demand in its core transmission and drivetrain business.
Revenue from operations amounted to Rs 278.20 crore for the quarter, up from Rs 214.47 crore reported in the corresponding period of the previous financial year, but down on the preceding quarter's Rs 281.7 crore.
Hero Motors Q1FY27 Expenses: Raw Material, Employee and Finance Costs
On the expenditure front, total standalone expenses for the quarter came at Rs 250.77 crore. Raw material consumption accounted for the largest operational cost at Rs 167.48 crore, alongside employee benefit costs of Rs 23.47 crore and finance charges of Rs 8.03 crore. Depreciation and amortization stood at Rs 6.21 crore, while other administrative and manufacturing expenses totaled Rs 46.72 crore.
The expense figures are higher than the corresponding quarter of the previous financial year's Rs 208.42 crore, but down on the preceding quarter's Rs 259.36 crore.
Hero Motors Profit Before Tax and Tax Expense in Q1FY27
Standalone profit before tax for the quarter reached Rs 31.16 crore, compared to Rs 8.70 crore the same quarter in the previous year, and Rs 22.23 crore for the preceding quarter. Total tax expenses stood at Rs 7.75 crore, comprising Rs 7.25 crore in current tax and Rs 0.50 crore in deferred tax liabilities.
Hero Motors First Quarterly Results After IPO and Listing
It is to be noted that comparative financial figures for the quarters ended March 31, 2026, and June 30, 2025, were drawn up for the first time under SEBI listing requirements and were not subjected to prior review. The financial results represent Hero Motors' first quarterly filing following its initial public offering and subsequent stock market listing on September 23, 2026.
Hero Motors Raises Stake in Hewland Engineering to 90 Percent
Hero Motors also announced the acquisition of equity shares of UK-based transmission supplier Hewland Engineering, increasing its stake from 51 percent to 90 percent for a cash consideration of £600,000 (approximately Rs 6.6 crore).