Hero MotoCorp beats Avenue estimates to report 16% rise in Q2 web revenue at Rs 1,393 crore
The corporate had reported a web revenue of Rs 1,204 crore within the year-ago quarter.
Revenues from operations went up by 16% to Rs 12,126 crore. Earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) grew 20% to Rs 1,823 crore.
“In Q2FY26, the auto trade returned to broad-based progress, additional supported by optimistic festive sentiment,” stated Vivek Anand, chief monetary officer at Hero MotoCorp. “Hero MotoCorp witnessed sturdy momentum, aided by the success of our new launches, increasing product portfolio and customer-centric advertising and marketing marketing campaign.”
The corporate bought 1.691 million items within the quarter, a rise of 11% over the year-ago interval.
“Moreover, the corporate’s rising mobility enterprise—VIDA—returned progress forward of the trade common and the corporate outperformed the markets in world enterprise,” Anand stated.The corporate’s exports grew 77% final quarter, thrice of the trade, led by sturdy demand from markets in Bangladesh, Nepal, Sri Lanka and Colombia.Anand stated Hero MotoCorp expects the momentum in progress to proceed, supported by advantages flowing in from the GST reforms, wholesome macro-economic parameters and a strong product portfolio.
“We stay dedicated to sustained progress and can proceed to speculate strategically in know-how, world markets and product innovation to construct long-term worth for our shareholders,” he added.
Shares of Hero MotoCorp closed 0.42% down at Rs 5,506.75 apiece on the BSE on Thursday. The corporate reported the earnings after market hours.
