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Hero MotoCorp Limited Q3 FY26 earnings call summary

NSE: HEROMOTOCO · BSE: 500182

Earnings call of 6 Feb 2026, summarised by AI from the filing.

Industry expected to grow double digit in current quarter and high single digits next financial year.

Key takeaways

  1. Guidance Industry expected to grow double digit in current quarter and high single digits next financial year.
  2. Change New CEO Harshavardhan Chitale joined one month ago; V.S. Kasbekar transitioned to Executive Director.
  3. Driver Growth driven by new launches, GST rate reduction, rural recovery, and global business expansion.
  4. Risk Commodity inflation from aluminum and precious metals, plus forex impact, continues into Q4.

Original filing on BSE

Hero MotoCorp Limited Q1 FY27 results

As filed: Revenue ₹13,126 cr (+35% year on year), EBITDA ₹1,746 cr (+23% year on year), PAT ₹1,418 cr (−17% year on year), EBITDA margin 13.3% (−123 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹12,978 cr (+30% year on year), EBITDA ₹1,922 cr (+33% year on year), PAT ₹1,474 cr (+26% year on year), EBITDA margin 14.8% (+36 bps). Score 78 of 100, Above trend. Revenue and EBITDA growth were well above the company's own trend; profit growth was in line with it. EBITDA margin rose 36 bps year on year. Profit rose ₹305 cr on a year ago, more than the ₹226 cr it added the year before. Share price after the results: −4.4% in 30 days (Nifty 500: −1.4%).
  • Q3 FY26: Revenue ₹12,487 cr (+22% year on year), EBITDA ₹1,846 cr (+22% year on year), PAT ₹1,275 cr (+15% year on year), EBITDA margin 14.8% (+8 bps). Score 57 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was above it; profit growth was below it. EBITDA margin was flat year on year. Profit fell 3% from last quarter. Share price after the results: −4.4% in 29 days (Nifty 500: −4.0%).
  • Q2 FY26: Revenue ₹12,218 cr (+17% year on year), EBITDA ₹1,864 cr (+21% year on year), PAT ₹1,321 cr (+24% year on year), EBITDA margin 15.3% (+61 bps). Score 64 of 100, In line with trend. Revenue and EBITDA growth were above the company's own trend; profit growth was in line with it. EBITDA margin rose 61 bps year on year. Profit fell 23% from last quarter. Share price after the results: +8.2% in 29 days (Nifty 500: −0.4%).
  • Q1 FY26: Revenue ₹9,728 cr (−5% year on year), EBITDA ₹1,414 cr (−3% year on year), PAT ₹1,706 cr (+65% year on year), EBITDA margin 14.5% (+23 bps). Score 35 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was well above it. EBITDA margin rose 23 bps year on year. Profit rose ₹674 cr on a year ago, more than the ₹331 cr it added the year before. Share price after the results: +19.8% in 30 days (Nifty 500: +0.7%).
  • Q4 FY25: Revenue ₹9,970 cr (+4% year on year), EBITDA ₹1,441 cr (+3% year on year), PAT ₹1,169 cr (+24% year on year), EBITDA margin 14.5% (−5 bps). Score 36 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was in line with it. EBITDA margin was flat year on year. Revenue rose ₹353 cr on a year ago, against ₹1,183 cr the year before. Share price after the results: +9.5% in 30 days (Nifty 500: +2.4%).
  • Q3 FY25: Revenue ₹10,260 cr (+5% year on year), EBITDA ₹1,509 cr (+9% year on year), PAT ₹1,108 cr (+2% year on year), EBITDA margin 14.7% (+56 bps). Score 23 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin rose 56 bps year on year. Revenue rose ₹472 cr on a year ago, against ₹1,670 cr the year before.
  • Q2 FY25: Revenue ₹10,483 cr (+10% year on year), EBITDA ₹1,535 cr (+13% year on year), PAT ₹1,066 cr (+6% year on year), EBITDA margin 14.6% (+38 bps). Score 49 of 100, In line with trend. EBITDA margin rose 38 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Hero MotoCorp Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.