Hero MotoCorp · NSE: HEROMOTOCO · BSE: 500182

Q2 FY23 results · Jul–Sep 2022

Hero MotoCorp reported revenue from operations of ₹9,158.23 crore (up 7.3% from Q2 FY22) and net profit of ₹682.28 crore (down 8.8% from Q2 FY22) for Q2 FY23 (Jul–Sep 2022), on a consolidated basis.

Consolidated · ₹ crore
Item	Q2 FY23	Q2 FY22	YoY	Q1 FY23	QoQ
Revenue from operations	9,158.23	8,538.85	+7.3%	8,447.54	+8.4%
Other income	93.99	157.95	−40.5%	55.53	+69.3%
Total income	9,252.22	8,696.80	+6.4%	8,503.07	+8.8%
Profit before share of associates & JVs and tax	959.97	1,056.09	−9.1%	810.14	+18.5%
Share of profit/(loss) of associates & JVs	(24.09)	(62.94)		(21.12)
Net profit for the period	682.28	747.79	−8.8%	585.58	+16.5%
Attributable to shareholders of the company	688.44	745.72	−7.7%	590.37	+16.6%
EPS, basic (₹)	34.45	37.32	−7.7%	29.55	+16.6%
Net margin (%)	7.4	8.8		6.9

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q2 FY23	Q2 FY22	YoY	Q1 FY23	QoQ
Revenue from operations	9,075.35	8,453.40	+7.4%	8,392.54	+8.1%
Other income	92.05	156.93	−41.3%	52.99	+73.7%
Total income	9,167.40	8,610.33	+6.5%	8,445.53	+8.5%
Profit before tax	963.66	1,052.88	−8.5%	823.80	+17.0%
Net profit for the period	716.07	794.40	−9.9%	624.52	+14.7%
EPS, basic (₹)	35.84	39.76	−9.9%	31.25	+14.7%
Net margin (%)	7.9	9.4		7.4

Consolidated

Filed with BSE: 04 Nov 2022, 17:23 IST
Board meeting: 03 Nov 2022
Period: 01 Jul 2022 to 30 Sep 2022
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 04 Nov 2022, 17:23 IST
Board meeting: 03 Nov 2022
Period: 01 Jul 2022 to 30 Sep 2022
Review status: Unaudited
Source: XBRL filing on BSE