Hero MotoCorp Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	474,112	409,234	377,886	341,584	295,513
Other Revenue	10,581	-	-	-	-
Revenue	484,694	409,234	377,886	341,584	295,513
Revenue Growth (YoY)	18.44%	8.30%	10.63%	15.59%	-4.55%
Cost of Revenue	316,794	271,102	256,817	240,987	210,674
Gross Profit	167,900	138,132	121,070	100,597	84,839
Selling, General & Admin	28,295	40,092	36,032	31,836	27,845
Other Operating Expenses	58,573	38,162	31,608	27,301	22,319
Operating Expenses	95,417	86,500	75,213	66,111	57,059
Operating Income	72,483	51,632	45,856	34,486	27,781
Interest Expense	-782.7	-530.4	-600.6	-868.5	-294.2
Interest & Investment Income	-	4,686	3,199	2,631	1,907
Earnings From Equity Investments	3,846	-1,611	-1,203	31.1	-1,991
Currency Exchange Gain (Loss)	-	-378	167.5	-473	181.4
Other Non Operating Income (Expenses)	-	-176.1	-163.1	-180.3	-236.8
EBT Excluding Unusual Items	75,546	53,623	47,257	35,626	27,348
Merger & Restructuring Charges	-	-	-1,600	-	-
Gain (Loss) on Sale of Investments	-	5,732	5,238	3,003	3,329
Gain (Loss) on Sale of Assets	-	-19	7	7.3	-96.1
Other Unusual Items	-1,190	-	-	-	-
Pretax Income	74,356	59,336	50,902	38,636	30,581
Income Tax Expense	16,599	15,578	13,480	10,637	7,291
Earnings From Continuing Operations	57,757	43,758	37,422	27,999	23,291
Minority Interest in Earnings	-339.7	26.7	26.7	100.6	-121.7
Net Income	57,417	43,785	37,448	28,100	23,169
Net Income to Common	57,417	43,785	37,448	28,100	23,169
Net Income Growth	31.14%	16.92%	33.27%	21.28%	-20.59%
Shares Outstanding (Basic)	200	200	200	200	200
Shares Outstanding (Diluted)	200	200	200	200	200
Shares Change (YoY)	0.02%	-0.00%	0.10%	0.08%	0.04%
EPS (Basic)	287.01	218.96	187.36	140.62	115.96
EPS (Diluted)	286.72	218.69	187.04	140.49	115.93
EPS Growth	31.11%	16.92%	33.13%	21.19%	-20.62%
Free Cash Flow	72,145	34,408	41,352	20,096	15,340
Free Cash Flow Per Share	360.26	171.85	206.53	100.47	76.76
Dividend Per Share	-	165.000	115.000	100.000	95.000
Dividend Growth	-	43.48%	15.00%	5.26%	5.56%
Gross Margin	34.64%	33.75%	32.04%	29.45%	28.71%
Operating Margin	14.95%	12.62%	12.13%	10.10%	9.40%
Profit Margin	11.85%	10.70%	9.91%	8.23%	7.84%
Free Cash Flow Margin	14.89%	8.41%	10.94%	5.88%	5.19%
EBITDA	81,033	57,768	51,797	40,404	33,836
EBITDA Margin	16.72%	14.12%	13.71%	11.83%	11.45%
D&A For EBITDA	8,550	6,136	5,941	5,918	6,055
EBIT	72,483	51,632	45,856	34,486	27,781
EBIT Margin	14.95%	12.62%	12.13%	10.10%	9.40%
Effective Tax Rate	22.32%	26.25%	26.48%	27.53%	23.84%
Revenue as Reported	484,694	419,675	386,432	347,274	301,063
Advertising Expenses	-	12,929	10,895	8,918	7,505

Source: S&P Global Market Intelligence. Standard template. Financial Sources.