Net profit last quarter was impacted by one time charge of Rs 119 crore due to the implementation of the New Labour Code, which came into effect from Nov 21, 2025.
Revenues from operations in the quarter under review went up by 21% to a record Rs 12,328 crore last quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 23% to Rs 1,810 crore.
EBITDA margin for the quarter stood at 14.7%, an expansion of 22 basis points over the same period last fiscal, aided by favourable product mix, pricing actions and operational efficiencies.
Analysts had expected the company to post a healthy performance in the December quarter, aided by strong festive demand, an improved product mix and price hikes. Based on an average of six brokerage estimates, the company’s revenue was projected to rise about 19% year-on-year in Q3, while profit after tax was seen increasing 17% year-on-year.
Vivek Anand, chief financial officer at Hero MotoCorp said, “Hero MotoCorp delivered a positive growth performance in Q3FY26 with healthy double-digit growth in volumes and retail momentum. Steady focus on operational excellence, product mix optimisation, consumer centricity and innovation remained our core pillars enabling consistent financial performance during the quarter. Conducive macro-economic factors and favourable GST 2.0 tailwind helped in revival of rural demand which further drove consumer traction for motorcycles and growth for the economy.”
Hero MotoCorp sold 16.97 lakh motorcycles and scooters in the third quarter, which is an increase of 16% over the year-ago period. The company declared interim dividend of Rs 110 per share.
