Hero MotoCorp Q3 FY26 Earnings Call Transcript Released
Hero MotoCorp reported record Q3 FY26 revenue of ₹12,328 crore, up 21% YoY. PAT grew 12% YoY to ₹1,349 crore. The company maintained its global leadership for the 25th year. Key focus areas for growth include scooters, premium motorcycles, EV, and global markets. FY27 industry growth is projected at high single digits.
The release of an earnings call transcript provides detailed financial and strategic insights, which are important for investors and analysts in evaluating the company's performance and future prospects.
The company reported record revenue and strong financial growth, alongside maintaining global leadership and positive outlooks for various business segments and future growth.
Hero MotoCorp Limited has announced the release of the transcript for its earnings conference call for the quarter and nine months ended December 31, 2025. The call, which took place on February 6, 2026, featured key management personnel including Mr. Harshavardhan Chitale (CEO), Mr. Vivek Anand (CFO), Mr. V.S. Kasbekar (Executive Director & CTO), and others.
During the call, management discussed the company's performance amidst a positive Indian economic outlook and a growing two-wheeler industry. Hero MotoCorp maintained its position as the world's largest motorcycle and scooter manufacturer for the 25th consecutive year, with 6.1 million dispatches in calendar year 2025.
Key financial highlights for Q3 FY26 included a record quarterly revenue of ₹12,328 crore, a 21% year-on-year growth. EBITDA stood at ₹1,810 crore (up 23% YoY), and PAT was ₹1,349 crore (up 12% YoY). Normalized PAT grew by 20% YoY to ₹1,489 crore. For the nine months of FY26, revenue reached ₹34,034 crore (up 10% YoY), with EBITDA at ₹5,015 crore (up 13% YoY) and PAT at ₹3,867 crore (up 10% YoY).
The company highlighted strong customer acceptance of new launches across segments, including HF Deluxe Pro, Splendor, Glamour X, Xtreme 125R, and Destini 125. The EV business, VIDA, saw its market share expand to 10.8% in Q3 FY26. Global business volumes grew by 41% year-on-year.
Management discussed strategies for future growth, focusing on scooters, premium motorcycles, global markets, EV, and parts & accessories. They also addressed commodity price trends, pricing actions, and the outlook for FY27, anticipating high single-digit industry growth with potential moderation in the second half of the year.
What to do with a filing like this
Hero MotoCorp Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Hero MotoCorp Limited. Read the original for the full detail.