FILE PHOTO: Hero Motocorp sold 16.77 lakh motorcycles and scooters in the first quarter, a 23 per cent year-on-year growth over the corresponding quarter of the previous year
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Two-wheeler maker Hero MotoCorp Ltd has reported a 16.86 per cent decline in consolidated profit after tax to ₹1,417.93 crore in the first quarter ended June 30 due to high base effect.The company had posted a consolidated net profit of ₹1,705.65 crore in the corresponding period of the previous fiscal.The previous year PAT included a onetime gain of ₹722 crore on account of dilution of the company's share of investment in associates consequent to public issue and private placement, Hero MotoCorp said in a statement.Consolidated revenue from operations in the first quarter stood at ₹13,126.35 crore as against ₹9,727.75 crore in the year-ago period, the company said in a regulatory filing on Thursday.During the quarter, the company sold 16.77 lakh motorcycles and scooters, registering a 23 per cent year-on-year growth over the corresponding quarter of the previous year, Hero MotoCorp said.Total expenses in the quarter under review rose to ₹11,621.48 crore as compared to ₹8,541.12 crore in the same period a year ago.Commenting on the performance, Hero MotoCorp CEO Harshavardhan Chitale said, "We have commenced FY27 with strong momentum, delivering broad-based growth across our premium, electric mobility, commuter segments and global business."Hero MotoCorp said revenue from its Parts, Accessories, and Merchandising (PAM) business stood at ₹1,689 crore - a growth of 30 per cent over previous year.Published on August 7, 2026
