Hero Motors Q1 FY27 Results: Profit More Than Doubles to ₹10.2 Crore, Revenue Up 25%

Hero Motors has put out its first set of numbers as a listed company, and the Hero Motors Q1 FY27 results look good on the surface. Consolidated net profit attributable to shareholders more than doubled to ₹10.20 crore for the quarter ended June 30, 2026, up from ₹4.74 crore a year earlier, while revenue from operations rose 24.9% year-on-year to ₹319.32 crore. The numbers are in the board meeting outcome filed with NSE late on October 13, 2026. Some reports called them Q2 numbers, but the filing says June quarter, the first period reported under listing rules.

Hero Motors Q1 FY27 results: the numbers that matter

Everything here is consolidated and comes straight from the filing. The company reports in lakh, so we’ve converted to crore.

• Revenue from operations: ₹319.32 crore, up 24.9% from ₹255.74 crore in the June 2025 quarter. Against the March 2026 quarter’s ₹322.53 crore, it was about 1% lower.
• Net profit attributable to shareholders: ₹10.20 crore versus ₹4.74 crore a year ago, a jump of about 115%. Sequentially it fell about 31% from ₹14.80 crore in the March quarter.
• Total net profit: ₹9.57 crore, which includes a ₹0.63 crore loss belonging to minority shareholders. A year earlier the figure was ₹3.88 crore.
• EBITDA: ₹35.9 crore, up 92% from ₹18.7 crore, and the EBITDA margin widened to 11.3% from 7.3%, as CNBC-TV18 reported. They match the filing once profit before tax is adjusted for finance costs, depreciation and other income.
• EPS: basic EPS of ₹0.27 for the quarter (not annualised), up from ₹0.13 a year earlier.

Powertrain makes the money, metals still lose it

There are two segments. Powertrain Solutions earned ₹170.53 crore in revenue, roughly 26% more than a year ago, and delivered a segment result of ₹33.50 crore. Alloy and Metallics grew faster, about 30% to ₹165.91 crore, yet it is still in the red with a segment loss of ₹2.55 crore. That is at least smaller than the ₹3.66 crore loss a year earlier. Both revenue figures are before inter-segment eliminations of ₹17.12 crore.

Buying out most of Hewland

The board also cleared the purchase of 8,039 shares of Hewland Engineering, its UK subsidiary, from existing shareholders William Hewland and Siobhan Hewland, for about £0.60 million in cash. Hero Motors’ stake goes from 51% to 90%. No government or regulatory approval is needed, the filing says, and completion should take roughly six months. Hewland was incorporated in 1957 and makes high-performance transmission and drivetrain parts used in motorsport, performance cars, electric vehicles and aerospace. In FY26 it had turnover of ₹134.92 crore and lost ₹3.74 crore.

A company only weeks into listing

The filing puts the IPO price at ₹84 per share. The offer combined a ₹600 crore fresh issue with a ₹400 crore offer for sale by OP Munjal Holdings and Hero Cycles, and the shares started trading on NSE and BSE on September 23, 2026. There’s one caveat the company flags itself: the auditors did not carry out a limited review of the comparative figures for the June 2025 and March 2026 quarters, since this is the first time results have been prepared under SEBI listing rules.

Going into the numbers, the stock was soft. BusinessLine reported it was down 2.41% at ₹151.75 at 12:39 pm on October 13, against a previous close of ₹155.50. By the close it had clawed back to ₹155.60 on the BSE, up ₹0.10, CNBC-TV18 said. That’s about 85% above the ₹84 IPO price.

Our read on the quarter

On a yearly basis this is a strong quarter. Revenue grew by a quarter and margins widened by about four percentage points, with the powertrain business doing most of the work. The sequential picture is less exciting: revenue was flat and profit was below the March quarter. The September-quarter results haven’t been reported yet, so the next filing is the real test of whether the margin gains stick. New to these tables? Our guides on how to analyse quarterly results and YoY vs QoQ growth will help. The day’s wider market moves are on our Stock Market Today India hub.