EBITDA stood at ₹1,809.9 crore in Q3, exceeding the CNBC-TV18 poll estimate of ₹1,793 crore. EBITDA margin was reported at 14.7%, in line with the poll estimate of 14.7%, an expansion of 22 basis points year-on-year, aided by pricing actions, favourable mix and operational efficiencies.On a year-on-year basis, net profit rose 12.11% to ₹1,348.5 crore from ₹1,203 crore in the corresponding quarter last year. Revenue increased 20.7% year-on-year to ₹12,328.3 crore, compared with ₹10,211 crore a year earlier.
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EBITDA grew 22.6% year-on-year to ₹1,809.9 crore from ₹1,477 crore in the year-ago period. EBITDA margin improved to 14.7% from 14.5% in the same quarter last year.
The board approved an interim dividend of 5,500%, amounting to ₹110 per equity share of face value ₹2 each, for the financial year 2025–26. February 11, 2026, has been fixed as the record date to determine shareholder eligibility for the interim dividend. The dividend payment will be completed by March 7, 2026.
The board also approved an additional investment of ₹275 crore in Euler Motors Private Limited. The investment will be made in one or more tranches through a combination of primary infusion and/or secondary purchase.Further, Hero MotoCorp approved an investment of up to ₹3.25 crore in a solar power wheeling project for its Haridwar plant under the group captive mechanism. An additional investment of up to ₹4.67 crore was approved for a solar power wheeling project for the company’s Neemrana plant, Global Parts Centre, and Centre for Innovation & Technology in Jaipur, also under the group captive mechanism.
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The company sold 16.97 lakh units of motorcycles and scooters during the quarter, compared with 14.64 lakh units in Q3 FY’25, registering year-on-year volume growth of 16%. During the quarter, the company accounted for the impact of four new labour codes that came into effect from November 21, 2025. This resulted in a one-time charge of ₹119 crore, which has been reported as an exceptional item.
Operational performance during the quarter was driven by the company’s strongest-ever festive season, with growth supported by new model launches across categories. The ICE scooter segment recorded growth of 55% during the quarter. The company also reported continued traction in its EV and global businesses. VIDA, Hero MotoCorp’s emerging mobility business, ended the quarter with an 11% market share.
International operations recorded 41% growth in exports, supported by new market entries and portfolio expansion across key geographies. The company also reported its highest-ever quarterly revenue from the Parts, Accessories and Merchandising business at ₹1,673 crore.
Vivek Anand, Chief Financial Officer (CFO), Hero MotoCorp, said, “Steady focus on operational excellence, product mix optimisation, consumer‐centricity and innovation remained our core pillars, enabling consistent financial performance during the quarter. Conducive macro‐economic factors and favourable GST 2.0 tailwind helped in the revival of rural demand, which further drove consumer traction for motorcycles and growth for the economy.”
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Shares of Hero Motocorp Ltd ended at ₹5,768.80, down by ₹88.60, or 1.51%, on the BSE.
