HEROMOTOCO Hero Motocorp Q3 FY26 results (Oct–Dec 2025) and concall
Hero Motocorp delivered a strong Q3 FY26, achieving its highest ever quarterly revenue of INR12,328 crores, a 21% YoY increase. This performance was driven by robust volume growth across segments, including a 41% YoY surge in global business and significant market share gains in both ICE and EV categories. Despite commodity headwinds, overall EBITDA margins improved by 20 basis points to 14.7%, supported by pricing actions and cost-saving initiatives, though an exceptional provision of INR119 crores was made for a new labour code.
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What they filed
Q3 FY26: revenue up 20.7%, net profit up 12.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 10,463 | 10,211 | 9,939 | 9,579 | 12,126 +16% | 12,328 +21% |
| EBITDA | 1,516 | 1,476 | 1,416 | 1,382 | 1,823 +20% | 1,810 +23% |
| Net profit | 1,204 | 1,203 | 1,081 | 1,126 | 1,393 +16% | 1,349 +12% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
