Hero MotoCorp Q1 Profit Beats Forecasts

  Published 10 months ago

Hero MotoCorp posted flat YoY standalone profit at ₹1,126 crore in Q1, beating estimates amid strong exports and cost controls.

  • Revenue dipped 5.5% YoY to ₹9,579 crore due to weak domestic demand, partly offset by export growth and price hikes.
  • Consolidated PAT jumped to ₹1,706 crore, aided by a ₹722 crore one-time gain from Ather Energy’s IPO dilution.
  • EBITDA stood at ₹1,382 crore with stable 14.4% margins, supported by a richer mix and traction in the electric mobility segment.

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