Revenue from operations for Hero MotoCorp surged by 16% during the quarter, reaching INR 10,144 crore compared to INR 8,767 crore in the same period of the previous financial year. In consolidated terms, the revenue and net profit for the first quarter stood at INR 10,211 crore and INR 1,032 crore, respectively.
The company's EBITDA (earnings before interest, taxes, depreciation, and amortisation) increased by 21% to INR 1,460 crore during the last quarter. The operating margin also saw an improvement, rising by 0.6% to 14.4%.
Hero MotoCorp observed positive trends across its domestic, electric vehicle (EV), and global businesses during the quarter. The company anticipates this momentum to continue in the upcoming quarters, driven by positive customer sentiments, a good monsoon season, and the forthcoming festive season.
Hero MotoCorp CEO Niranjan Gupta highlighted the company's strong market performance and strategic plans: "We are seeing a sharp recovery in market share in the 125 cc segment charged by the new model Xtreme 125 cc, while we continue to maintain formidable market share in entry and deluxe 100/110 cc segment of over 70% powered by our brands like Splendor, Passion, and HF deluxe."
Gupta further outlined the company's future focus: "Our focus moving forward will be building our brands in the premium segment on the back of launches done in the last few quarters, to win in this segment. We will be launching new models in scooters as well in the next 2 quarters to re‐energise this portfolio."
Commenting on the EV segment, Gupta said, "Our EV brand Vida had started to increase its presence and market share, and there are plans to expand the portfolio into the affordable segment within this financial year."
On Tuesday, the company's share price was around INR 5,229.55 per share.
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