New Delhi, February 5, 2026 – Hero MotoCorp Limited, the world’s largest manufacturer of motorcycles and scooters, announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, reporting its highest-ever quarterly revenue and normalized profit.
Financial Performance Highlights (Q3 FY26)
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Revenue from Operations: ₹12,328 crores – a 21% Year-on-Year (YoY) growth from ₹10,211 crores in Q3 FY25.
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Normalized Profit After Tax (PAT): ₹1,439 crores – a 20% YoY increase. This figure excludes an exceptional one-time charge.
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Reported PAT: ₹1,349 crores – a 12% YoY growth, after accounting for an exceptional item.
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Volume Growth: Sold 16.97 lakh units, a 16% YoY increase.
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Dividend Declaration: The Board declared an Interim Dividend of ₹110 per equity share (5500% of the face value of ₹2 each).
Operational & Strategic Highlights
The company's performance was driven by a strong festive season, new model launches, and a revival in rural demand. Key achievements include:
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Market Leadership Sustained: Maintained its position as the world's largest two-wheeler manufacturer for the 25th consecutive year.
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Electric Mobility Growth: Its EV subsidiary, VIDA, achieved an 11% market share in the quarter. The company also launched new electric models and saw its DIRT.E K3 bike recognized at CES 2026.
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Global Expansion: Successfully entered European markets (Italy, Spain, France) in addition to the UK, taking its presence to 52 countries. Exports grew by 41%.
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Strategic Investments: Approved an additional investment of up to ₹275 crores in its associate, Euler Motors Private Limited (an electric 3 & 4-wheeler company), to enhance its emerging mobility portfolio.
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Sustainability Focus: Announced investments in solar power projects for its plants in Haridwar and Neemrana under the Group Captive mechanism, aligning with its ESG goals.
Exceptional Item Impact
The results include a one-time exceptional charge of ₹119 crores related to the implementation of the new Labour Codes, effective from November 21, 2025. The normalized profit figures exclude this impact to reflect the underlying operational performance.
Management Commentary
Mr. Vivek Anand, Chief Financial Officer (CFO), Hero MotoCorp, stated, "Hero MotoCorp delivered a positive growth performance in Q3 FY’26 with healthy double‐digit growth in volumes and retail momentum. Steady focus on operational excellence, product mix optimization, consumer‐centricity and innovation remained our core pillars enabling consistent financial performance."
He further added that conducive macroeconomic factors and favorable GST 2.0 tailwinds helped revive rural demand.
Nine-Month FY26 Snapshot (Apr-Dec 2025)
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Revenue: ₹34,034 crores (10% YoY growth)
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Normalized PAT: ₹3,957 crores (12% YoY growth)
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Reported PAT: ₹3,867 crores (10% YoY growth)
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Volumes: 47.55 lakh units sold.
Outlook
With a robust order book, successful new launches, aggressive foray into electric mobility and international markets, and a strong dividend payout, Hero MotoCorp is positioned for sustained growth. The company's continuous investments in future technologies and sustainability initiatives underscore its long-term strategic vision in the evolving automotive landscape.
About Hero MotoCorp:
Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters, based in India. The company has sold over 100 million units and operates in 52 countries across Asia, Africa, Latin America, and the Middle East.