Results Snapshot
Figures in Cr
Consolidate Annual Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'22
Mar'21
Mar'20
Net Sales
47,411.24
40,923.42
37,788.62
34,158.38
29,551.28
30,959.19
29,253.97
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
47,411.24
40,923.42
37,788.62
34,158.38
29,551.28
30,959.19
29,253.97
Raw Material Cost
31,186.16
26,607.07
24,836.89
24,060.29
20,845.74
21,968.04
20,004.29
Purchase of Finished goods
796.53
547.91
484.20
47.43
45.95
31.14
0.00
(Increase) / Decrease In Stocks
-303.32
-244.34
188.35
-163.69
28.67
-255.57
-173.34
Employee Cost
2,829.47
2,680.07
2,471.55
2,250.05
1,995.78
1,951.02
1,889.32
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Selling and Distribution Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Expenses
5,857.27
5,386.87
4,458.00
3,870.53
3,190.37
3,165.05
3,472.78
Total Expenditure (Excl Depreciation)
40,366.11
34,977.58
32,438.99
30,064.61
26,106.51
26,859.68
25,193.05
Operating Profit (PBDIT) excl Other Income
7,045.13
5,945.84
5,349.63
4,093.77
3,444.77
4,099.51
4,060.92
Other Income
1,058.13
1,044.08
854.54
569.01
555.01
557.90
730.56
Operating Profit (PBDIT)
8,103.26
6,989.92
6,204.17
4,662.78
3,999.78
4,657.41
4,791.48
Interest
78.27
70.65
76.37
104.88
53.10
46.41
46.64
Exceptional Items
-119.00
0.00
-159.99
0.00
0.00
0.00
677.37
Gross Profit (PBDT)
7,905.99
6,919.27
5,967.81
4,557.90
3,946.68
4,611.00
5,422.21
Depreciation
854.99
824.59
757.36
697.39
689.52
715.12
845.76
Profit Before Tax
7,051.00
6,094.68
5,210.45
3,860.51
3,257.16
3,895.88
4,576.45
Tax
1,659.88
1,557.75
1,348.04
1,063.72
729.06
913.27
951.67
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
5,391.12
4,536.93
3,862.41
2,796.79
2,528.10
2,982.61
3,624.78
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
5,391.12
4,536.93
3,862.41
2,796.79
2,528.10
2,982.61
3,624.78
Share in Profit of Associates
384.58
-161.12
-120.25
3.11
-199.05
-46.56
34.63
Minority Interest
-33.97
2.67
2.67
10.06
-12.17
-18.30
-21.30
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
5,741.73
4,378.48
3,744.83
2,809.96
2,316.88
2,917.75
3,638.11
Equity Capital
40.02
40.00
39.98
39.97
39.96
39.96
39.95
Face Value
2.0
2.0
2.0
2.0
2.0
2.0
2.0
Reserves
21,571.17
19,232.04
17,658.94
16,615.60
15,806.69
15,376.46
14,366.33
Earnings per share (EPS)
286.94
218.92
187.34
140.6
115.96
146.03
182.13
Diluted Earnings per share
286.72
218.69
187.04
140.49
115.93
146.04
182.15
Operating Profit Margin (Excl OI)
14.86%
14.53%
14.16%
11.98%
11.66%
13.24%
13.88%
Gross Profit Margin
16.68%
16.91%
15.79%
13.34%
13.36%
14.89%
18.53%
PAT Margin
12.18%
10.69%
9.9%
8.2%
7.88%
9.48%
12.51%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2026 is 15.85% vs 8.30% in Mar 2025
Consolidate Net Profit
YoY Growth in year ended Mar 2026 is 31.14% vs 16.92% in Mar 2025
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2026 is 18.49% vs 11.14% in Mar 2025
Interest
YoY Growth in year ended Mar 2026 is 10.79% vs -7.49% in Mar 2025
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2026 has improved from Mar 2025
Compare Annual Results Of Hero MotoCorp With
Figures in Cr
Consolidate Annual Results
Change(INR)
Change(%)
Net Sales
47,411.24
3,66,094.00
-3,18,682.76
-87.05%
Other Operating Income
0.00
0.00
0.00
Total Operating income
47,411.24
3,66,094.00
-3,18,682.76
-87.05%
Raw Material Cost
31,186.16
1,98,990.00
-1,67,803.84
-84.33%
Purchase of Finished goods
796.53
20,382.00
-19,585.47
-96.09%
(Increase) / Decrease In Stocks
-303.32
2,060.00
-2,363.32
-114.72%
Employee Cost
2,829.47
42,110.00
-39,280.53
-93.28%
Power Cost
0.00
0.00
0.00
Manufacturing Expenses
0.00
10,318.00
-10,318.00
-100.00%
Selling and Distribution Expenses
0.00
0.00
0.00
Other Expenses
5,857.27
44,157.00
-38,299.73
-86.74%
Total Expenditure (Excl Depreciation)
40,366.11
3,18,017.00
-2,77,650.89
-87.31%
Operating Profit (PBDIT) excl Other Income
7,045.13
48,077.00
-41,031.87
-85.35%
Other Income
1,058.13
5,437.00
-4,378.87
-80.54%
Operating Profit (PBDIT)
8,103.26
53,514.00
-45,410.74
-84.86%
Interest
78.27
3,901.00
-3,822.73
-97.99%
Exceptional Items
-119.00
8,559.00
-8,678.00
-101.39%
Gross Profit (PBDT)
7,905.99
49,417.00
-41,511.01
-84.00%
Depreciation
854.99
21,102.00
-20,247.01
-95.95%
Profit Before Tax
7,051.00
28,315.00
-21,264.00
-75.10%
Tax
1,659.88
9,060.00
-7,400.12
-81.68%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
5,391.12
19,255.00
-13,863.88
-72.00%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
0.00
8,755.00
-8,755.00
-100.00%
Net Profit
5,391.12
28,010.00
-22,618.88
-80.75%
Share in Profit of Associates
384.58
139.00
245.58
176.68%
Minority Interest
-33.97
-319.00
285.03
89.35%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
5,741.73
27,830.00
-22,088.27
-79.37%
Equity Capital
40.02
736.00
-695.98
-94.56%
Face Value
2.00
2.00
0.00
Reserves
21,571.17
1,15,408.00
-93,836.83
-81.31%
Earnings per share (EPS)
286.94
45.78
241.16
526.78%
Diluted Earnings per share
286.72
47.67
239.05
501.47%
Operating Profit Margin (Excl OI)
14.86%
13.23%
0.00
1.63%
Gross Profit Margin
16.68%
13.60%
0.00
3.08%
PAT Margin
12.18%
5.34%
0.00
6.84%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Annual - Net Sales
Net Sales 47,411.24 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 15.85% vs 8.30% in Mar 2025
Annual - Consolidate Net Profit
Consolidate Net Profit 5,741.73 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 31.14% vs 16.92% in Mar 2025
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 7,045.13 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 18.49% vs 11.14% in Mar 2025
Annual - Interest
Interest 78.27 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 10.79% vs -7.49% in Mar 2025
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 14.86%
in Mar 2026Figures in %
YoY Growth in year ended Mar 2026 has improved from Mar 2025






