Hero MotoCorp Q2 profit jumps 42% to ₹1,861 crore, revenue rises 23%

India's largest two-wheeler maker Hero MotoCorp on Wednesday reported a 42% year-on-year rise in consolidated profit after tax for the second quarter of the current fiscal.

The company’s consolidated profit for the quarter came in at ₹1,861 crore, against ₹1,308 crore in the year-ago period, according to a regulatory filing.

Revenue from operations increased to ₹14,971 crore, up 23% from ₹12,218 crore a year ago.

"Results for the quarter and half-year include a ₹397 crore gain from the equity consolidation of an associate company, following its capital raise via a Qualified Institutional Placement and Private Placement," the company said.

Revenue was largely driven by volumes. Hero MotoCorp dispatched a total of 18.68 lakh motorcycles and scooters, registering a 10% growth year-on-year. The scooter segment recorded a 47% growth to 2.40 lakh units in the September quarter of FY27.

VIDA electric scooter volumes rose 76% year-on-year to 66,531 units in retail during the quarter.

In Q2 FY27, the automaker entered Germany, which is its 54th global market, while launching XPulse 200 4V and XPulse 200 4V Pro in Bangladesh.

“We delivered a strong performance this quarter, with scooters emerging as a key growth contributor, supported by healthy momentum across both the ICE and VIDA electric portfolio,” said CEO Harshavardhan Chitale.

“Our 100cc motorcycle segment also continued to contribute to overall growth, underscoring the resilience of our portfolio. Going forward, our focus remains on sustaining this positive momentum, driving profitable growth and building a more diversified and future-ready business,” he said.

Hero FinCorp, Ather Energy and Euler Motors are the associate companies of Hero MotoCorp. In July, Ather Energy raised ₹1,300 crore through a qualified institutional placement as part of its ₹2,500 crore capital infusion plan.

Meanwhile, the company's board approved an additional investment of up to ₹300 crore in its wholly-owned subsidiary HMCL Netherlands BV in one or more tranches.

"The proposed additional investment is for the subsidiary companies of HNBV viz HMCL Colombia SAS and Hero MotoCorp Do Brasil Ltd," Hero MotoCorp said.

(Except for the headline, Fortune India has not edited the content of this PTI report.)