HEROMOTOCO NSE filing

Hero MotoCorp Q1 FY27 Revenue Surges 36% to ₹12,999 Crore; PAT Up 29%

The RealCase readHigh impact Positive

Hero MotoCorp reported a 36% revenue increase to ₹12,999 crore and a 29% rise in PAT to ₹1,454 crore for Q1 FY27. Volume grew 23%, and EBITDA margin was 13.3%. The company plans ₹1,500 crore CAPEX for FY27, focusing on capacity expansion and EV growth. It also received sustainability awards.

Why it matters

The significant year-on-year growth in revenue and profit, coupled with strategic initiatives and future investment plans, is expected to have a substantial impact on the company's market position and investor outlook.

The market read

The company reported strong financial growth in revenue and profit, alongside strategic progress in market share, EV expansion, and global business, indicating a positive performance.

Hero MotoCorp Limited has announced its financial results for the first quarter of FY27, reporting a significant revenue growth of 36% to ₹12,999 crore, driven by a 23% increase in volume, improved product mix, and pricing benefits. The company's Profit after Tax (PAT) also saw a substantial rise of 29%, reaching ₹1,454 crore, supported by higher volumes and other income.

The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin stood at 13.3%. This was impacted by commodity headwinds, though partially offset by cost savings and operating leverage. The company continues to focus on strategic priorities including gaining market share in the 125cc segment, growing its core 100cc business, and strengthening its premium motorcycle and scooter offerings.

Hero MotoCorp also highlighted its progress in the electric vehicle (EV) segment, with Vida retail sales increasing and market share expanding, particularly with the success of the Vida VX2. The company is investing in brand building and expanding its EV ecosystem, including its charging network and battery-as-a-service model. Additionally, the company is expanding its global business, with dispatches growing by 63% year-on-year, and its parts business revenue increasing by 30%.

Looking ahead, Hero MotoCorp has provided a CAPEX guidance of ₹1,500 crore for FY27, focusing on capacity expansion for motorcycles, scooters, and parts, including a new greenfield expansion in Tirupati for its parts business. The company also received recognition for sustainability initiatives, including being named the 'Most Sustainable Company in Automobiles'.

Filing to action

What to do with a filing like this

Hero MotoCorp Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Hero MotoCorp Limited. Read the original for the full detail.

View original filing