Hero MotoCorp Limited (HEROMOTOCO) Q2 FY27 Financial Results: PAT ₹1,454 Cr & Revenue ₹12,999 Cr

Investor Takeaways

Overall Tone: Neutral

Key Financial Highlights

What Changed

Hero MotoCorp reported robust Q1 FY'27 results with revenue surging 36% YoY to ₹12,999 crore and PAT rising 29% YoY to ₹1,454 crore. This growth was underpinned by a 23% YoY increase in volume and strong performance across segments. Consolidated revenue reached ₹13,126 crore with 35% growth, while EBITDA rose 25% to ₹1,727 crore. The company highlighted sustained demand, new product launches, and strategic expansion in electric mobility and global markets. Quarterly trends show consistent revenue growth from ₹9,727.75 crore in Q1FY26 to ₹12,486.82 crore in Q3FY26, with PAT peaking at ₹1,705.65 crore in Q1FY26 before moderating to ₹1,454 crore in Q1FY27. The PAT growth was tempered by a one-time gain in the prior year, indicating underlying operational strength. The company plans to accelerate premiumisation, scale electric mobility, expand globally, and strengthen commuter leadership through technology and manufacturing investments.

Peer Comparison

Hero MotoCorp trades at a lower P/E than TVS Motor but higher than Maruti Suzuki and Mahindra & Mahindra, reflecting market expectations. Its ROE and ROCE significantly exceed peers, indicating superior capital efficiency. Market capitalization is comparable to Maruti Suzuki and Mahindra & Mahindra, though TVS Motor holds a larger valuation.

Risks & Concerns

Quarterly Trend

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About Hero MotoCorp Limited (HEROMOTOCO)

Automobile and Auto Components · Automobiles · Listed on NSE

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