Hero Motors shares surged 5.5 percent in early trade on Wednesday, after the auto components manufacturer reported strong quarterly earnings, with net profit more than doubling and operating margins expanding sharply. The company also announced plans to increase its stake in UK-based subsidiary Hewland Engineering.
Hero Motors shares climbed to Rs 163.70 in morning trade, extending their gains since the company's stock market debut in late September to around 66 percent. The company's market capitalisation stood at approximately Rs 7,500 crore. The stock rose as much as 8 percent intraday.
The latest rally followed the company's fiscal second quarter earnings announcement on Tuesday evening, which showed robust revenue growth and a sharp improvement in operating profitability.
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Hero Motors reported a 115.6 percent year-on-year increase in net profit to Rs 10.2 crore for the quarter ended September 2026, compared with Rs 4.73 crore in the corresponding period last year. Revenue from operations rose 24.9 percent to Rs 319.3 crore from Rs 255.7 crore a year earlier.