Hero Motors climbs after Q1 profit more than doubles to Rs 10 cr
Mumbai, Oct. 14 -- The company's consolidated net profit surged 115.64% to Rs 10.20 crore in Q1 FY27 compared with Rs 4.73 crore in Q1 FY26. Revenue from operations jumped 24.86% YoY to Rs 319.32 crore in the quarter ended 30th June 2026.
Profit before tax (PBT) soared 141.18% YoY to Rs 15.58 crore in Q1 FY27.
The total expenses increased 19.26% YoY to Rs 307.05 crore in Q1 FY27. The cost of materials consumed increased 38.05% to Rs 177.32 crore from Rs 128.45 crore in the year-ago quarter. Employee benefit expenses rose 9.93% to Rs 44.39 crore in Q1 FY27 from Rs 40.38 crore in Q1 FY26, while finance costs climbed 17.09% YoY to Rs 11.17 crore during the period under review.
Meanwhile, the company's board approved the acquisition of 8,0...
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