Hero Motors climbs after Q1 profit more than doubles to Rs 10 cr

Hero Motors rallied 4.29% to Rs 161.85 after the company reported a strong financial performance for the quarter ended 30 June 2026.

The company?s consolidated net profit surged 115.64% to Rs 10.20 crore in Q1 FY27 compared with Rs 4.73 crore in Q1 FY26. Revenue from operations jumped 24.86% YoY to Rs 319.32 crore in the quarter ended 30th June 2026.

Profit before tax (PBT) soared 141.18% YoY to Rs 15.58 crore in Q1 FY27.

The total expenses increased 19.26% YoY to Rs 307.05 crore in Q1 FY27. The cost of materials consumed increased 38.05% to Rs 177.32 crore from Rs 128.45 crore in the year-ago quarter. Employee benefit expenses rose 9.93% to Rs 44.39 crore in Q1 FY27 from Rs 40.38 crore in Q1 FY26, while finance costs climbed 17.09% YoY to Rs 11.17 crore during the period under review.

Meanwhile, the company?s board approved the acquisition of 8,039 equity shares of ?1 each in its UK subsidiary, Hewland Engineering, for a total consideration of ?0.60 million. The board also approved the signing of the shareholders' agreement.

Following completion of the transaction, Hero Motors? shareholding in Hewland Engineering is expected to increase from 51% to 90%. The company indicated an estimated completion period of approximately six months, subject to the transaction?s terms and applicable requirements.

Hero Motors is an India-based automotive technology company engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive OEMs across India, Europe, the US and ASEAN markets. The company offers powertrain systems for electric and non-electric applications across two-wheelers, e-bikes, performance vehicles, off-road vehicles, electric and hybrid cars and heavy-duty vehicles.

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