HEROMOTOCO quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Hero MotoCorp Ltd reported sales of ₹14,970 Cr, operating profit of ₹1,997 Cr (OPM 13%) and net profit of ₹1,861 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
HEROMOTOCO quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
10,260
9,970
9,728
12,218
12,487
12,978
13,126
14,970
Expenses
8,844
8,529
8,315
10,452
10,735
11,109
11,424
12,974
Operating Profit
1,416
1,441
1,413
1,766
1,752
1,870
1,702
1,997
OPM
14%
14%
15%
14%
14%
14%
13%
13%
Other Income
306
345
939
240
179
210
460
619
Interest
17
17
21
19
20
19
21
23
Depreciation
209
204
206
210
219
220
220
232
Profit before tax
1,497
1,565
2,126
1,777
1,692
1,841
1,921
2,361
Tax
26%
25%
20%
26%
25%
20%
26%
21%
Net Profit
1,108
1,169
1,706
1,321
1,275
1,474
1,418
1,861
EPS in Rs
55.38
58.06
85.26
65.42
63.35
72.97
70.59
93
HEROMOTOCO profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
29,551
34,158
37,789
40,923
47,411
53,562
Expenses
26,295
30,060
32,554
35,135
40,352
46,241
Operating Profit
3,256
4,099
5,235
5,789
7,059
7,321
OPM
11%
12%
14%
14%
15%
14%
Other Income
545
567
689
1,040
1,310
1,467
Interest
53
105
76
71
78
82
Depreciation
690
697
757
825
855
891
Profit before tax
3,058
3,864
5,090
5,934
7,436
7,815
Tax
24%
28%
26%
26%
22%
-
Net Profit
2,329
2,800
3,742
4,376
5,776
6,028
EPS in Rs
115.95
140.61
187.31
218.91
286.96
299.91
Dividend Payout
82%
71%
75%
75%
64%
-
HEROMOTOCO balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
40
40
40
40
40
Reserves
17,659
19,232
20,965
21,571
23,369
Borrowings
606
700
718
779
1,419
Other Liabilities
7,847
8,418
10,938
11,063
13,243
Total Liabilities
26,153
28,390
32,661
33,453
38,071
Fixed Assets
6,232
6,283
6,622
6,374
7,419
CWIP
484
487
198
765
422
Investments
12,751
14,384
17,345
19,286
21,004
Other Assets
6,685
7,236
8,496
7,028
9,226
Total Assets
26,153
28,390
32,661
33,453
38,071
HEROMOTOCO cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
2,104
2,614
4,923
4,297
8,315
Cash from Investing Activity
-222
-421
-1,828
-1,703
-4,478
Cash from Financing Activity
-1,975
-2,147
-2,717
-2,815
-3,534
Net Cash Flow
-94
45
379
-221
303
Free Cash Flow
1,545
2,052
4,146
3,463
7,227
CFO/OP
89%
85%
119%
101%
134%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit