Hero Motors Q1 FY27 consolidated revenue Rs 319.32 cr; PAT Rs 9.57 cr

What the numbers show

• Net margin was 3.00% of revenue, up 147 bps from 1.52%.
• Revenue rose 24.9% while total expenses rose 19.3%.
• Cost of materials accounted for Rs 48.87 cr of the Rs 49.59 cr rise in total expenses (98%).
• Cost of materials took 55.5% of revenue, against 50.2% a year earlier.

• Basis: Consolidated unaudited financial results, quarter ended June 30, 2026, as per the statement of consolidated unaudited financial results.

• Revenue from operations: Rs 319.32 cr (June 30, 2026) vs Rs 255.74 cr (June 30, 2025).

• Other income: Rs 3.32 cr vs Rs 8.19 cr.

• Total income (I+II): Rs 322.64 cr vs Rs 263.94 cr.

• Cost of materials consumed: Rs 177.32 cr vs Rs 128.45 cr.

• Purchase of stock-in-trade: Rs 7.11 cr vs Rs 5.30 cr.

• Change in inventories of finished goods and work-in-progress and stock in trade: Rs (2.30) cr vs Rs 15.23 cr.

• Employee benefits expense: Rs 44.39 cr vs Rs 40.38 cr.

• Finance cost: Rs 11.17 cr vs Rs 9.54 cr.

• Depreciation and amortisation: Rs 12.51 cr vs Rs 10.91 cr.

• Other expenses: Rs 56.86 cr vs Rs 47.66 cr.

• Total expenses (a+b+c+d+e+f+g): Rs 307.06 cr vs Rs 257.47 cr.

• Profit before tax (III–IV): Rs 15.59 cr vs Rs 6.46 cr.

• Profit after exceptional items and before tax: Rs 15.59 cr vs Rs 6.46 cr.

• Current tax: Rs 7.72 cr vs Rs 2.57 cr.

• Deferred tax: Rs (1.71) cr vs Rs 0.0149 cr.

• Total tax expenses: Rs 6.02 cr vs Rs 2.59 cr.

• Net profit for the period / year (VII–VIII): Rs 9.57 cr vs Rs 3.88 cr.

• Earnings per share – Basic (face value Rs 10): 0.27 vs 0.13.

• Earnings per share – Diluted (face value Rs 10): 0.27 vs 0.12.

For Q1 FY27 (quarter ended June 30, 2026), Hero Motors Limited reported consolidated revenue from operations of Rs 319.32 cr, compared with Rs 255.74 cr in the corresponding quarter ended June 30, 2025, according to the statement of consolidated unaudited financial results. Total income, including other income, was Rs 322.64 cr versus Rs 263.94 cr a year earlier.

Total expenses rose to Rs 307.06 cr from Rs 257.47 cr, driven by higher cost of materials consumed at Rs 177.32 cr (vs Rs 128.45 cr), employee benefits expense at Rs 44.39 cr (vs Rs 40.38 cr), finance cost at Rs 11.17 cr (vs Rs 9.54 cr) and other expenses at Rs 56.86 cr (vs Rs 47.66 cr). Change in inventories of finished goods and work-in-progress and stock in trade moved to Rs (2.30) cr from Rs 15.23 cr, while purchases of stock-in-trade were Rs 7.11 cr versus Rs 5.30 cr.

Profit before tax stood at Rs 15.59 cr, up from Rs 6.46 cr in the same quarter last year. After current tax of Rs 7.72 cr and deferred tax of Rs (1.71) cr, total tax expenses were Rs 6.02 cr compared with Rs 2.59 cr a year ago. Net profit for the period was Rs 9.57 cr, against Rs 3.88 cr in the corresponding quarter. Basic earnings per share (face value Rs 10 per share) were 0.27, compared with 0.13 a year earlier, while diluted earnings per share were 0.27 versus 0.12.