Hero MotoCorp Q3 PAT rises 12% to ₹1,203 crore 

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, reported a third quarter standalone net profit of ₹1,203 crore, up 12% from ₹1,073 crore a year ago.

The company’s revenue from operations stood at ₹10,211 crore compared with ₹9,724 crore a year ago.

Consolidated revenue at ₹10,260 crore grew 5% year on year and profit after tax (PAT) at ₹1,108 crore rose 1.5% YoY.

The company has declared an interim dividend of ₹100 per share [5000%].

Hero MotoCorp said it gained market share in the 100cc segment through Splendor and in the 125cc segment through Xtreme 125R and Super Splendor. It also reported the highest-ever quarterly retail sales, led by the highest-ever festive retail offtake.

Its growth was also led by the performance of the EV and global businesses. Its electric scooter VIDA reported highest-ever monthly retails and gained market share during the quarter, the company said.

The company also gained momentum in global business, growing ahead of the industry with Bangladesh and Colombia leading the way, it added.

Vivek Anand, chief financial officer (CFO), Hero MotoCorp, said, “The performance in this quarter and fiscal year reflects the successful execution of our strategic priorities. Demonstrating strong year-to-date results in both top-line and bottom-line growth, we have achieved the highest-ever nine-month revenue and profits.”

“As we move into the next fiscal year, the products launched at Bharat Mobility will further strengthen our presence in the premium and scooter segments,” he said.

“The Union Budget 2025’s emphasis on tax relief for the middle class, along with continued investment in infrastructure and support for the agricultural sector, is expected to boost consumer confidence and drive demand growth in the auto industry,” he added.