Hero MotoCorp reported a 42% rise in consolidated net profit to ₹1,861 crore in Q2 FY27, supported by higher motorcycle and scooter sales, with revenue growing 23% year-on-year. | Photo: Hero Motorcorp X handle
India's largest two-wheeler maker Hero MotoCorp on Wednesday reported a 42 per cent 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 Rs 1,861 crore, against Rs 1,308 crore in the year-ago period, according to a regulatory filing.
Revenue from operations increased to Rs 14,971 crore, up 23 per cent from Rs 12,218 crore a year ago.
"Results for the quarter and half-year include a Rs 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.