Hero MotoCorp Q2 FY27 consolidated revenue rises 23%, profit after tax up 41%
HEROMOTOCO · price
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On the reaction day the stock moved 4.9 pts less than Nifty Midcap 150 and 4.8 pts less than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 consolidated revenue rose 23% year on year to Rs 14,971 crore and profit after tax rose 41% to Rs 1,861 crore. H1 revenue rose 28% to Rs 28,097 crore, while profit rose 8% to Rs 3,278 crore. Results included a Rs397 crore gain from an associate's capital raise. Standalone H1 EBITDA rose 15%, but margin fell to 13.3%. Standalone Q2 sales rose 10% to 18.68 lakh units. FY26 had a Rs119 crore exceptional charge for new labour rules.
Strong sales and revenue support the stock, but the 41% profit rise includes a one-off associate gain; weaker margins temper the outlook.