Hero MotoCorp Q3 Results: Profit beats estimates; Board declares ₹100 dividend

Analysts polled by CNBC-TV18 had projected a net profit of ₹1,110 crore, making this a better-than-expected performance for the world’s largest two-wheeler manufacturer.

Revenue from operations grew 5% YoY to ₹10,210.8 crore, slightly ahead of the expected ₹10,135 crore. The company also delivered a strong operating performance, with EBITDA rising 8.4% YoY to ₹1,476.5 crore, exceeding the estimated ₹1,434 crore.

“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,” Vivek Anand, Chief Financial Officer (CFO), Hero MotoCorp, said.
Also read: Apollo Tyres Q3 profit, margin fall short of estimates, revenue beats the StreetThe EBITDA margin expanded to 14.5%, both on an annual and sequential basis, outpacing the estimated 14.1%.

The board of director also announced an interim dividend of ₹100 per share.

“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. 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.

Shares of Hero MotoCorp closed nearly 1% lower at ₹4,235 apiece on the BSE on Tuesday, reflecting cautious investor sentiment ahead of the earnings announcement.