Hero MotoCorp Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Revenue	421,758	409,234	377,886	341,584	295,513	309,592	Upgrade
Revenue Growth (YoY)	5.18%	8.30%	10.63%	15.59%	-4.55%	5.83%	Upgrade
Cost of Revenue	278,429	271,102	256,817	240,987	210,674	218,786	Upgrade
Gross Profit	143,329	138,132	121,070	100,597	84,839	90,806	Upgrade
Selling, General & Admin	40,829	40,092	36,032	31,836	27,845	25,924	Upgrade
Other Operating Expenses	39,826	38,162	31,608	27,301	22,319	23,840	Upgrade
Operating Expenses	88,945	86,500	75,213	66,111	57,059	56,915	Upgrade
Operating Income	54,384	51,632	45,856	34,486	27,781	33,891	Upgrade
Interest Expense	-557.8	-530.4	-600.6	-868.5	-294.2	-272.9	Upgrade
Interest & Investment Income	4,686	4,686	3,199	2,631	1,907	1,018	Upgrade
Earnings From Equity Investments	5,107	-1,611	-1,203	31.1	-1,991	-465.6	Upgrade
Currency Exchange Gain (Loss)	-378	-378	167.5	-473	181.4	3.6	Upgrade
Other Non Operating Income (Expenses)	692.5	-176.1	-163.1	-180.3	-236.8	-191.2	Upgrade
EBT Excluding Unusual Items	63,934	53,623	47,257	35,626	27,348	33,983	Upgrade
Merger & Restructuring Charges	-	-	-1,600	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	5,732	5,732	5,238	3,003	3,329	4,548	Upgrade
Gain (Loss) on Sale of Assets	-19	-19	7	7.3	-96.1	-37.8	Upgrade
Pretax Income	69,647	59,336	50,902	38,636	30,581	38,493	Upgrade
Income Tax Expense	16,610	15,578	13,480	10,637	7,291	9,133	Upgrade
Earnings From Continuing Operations	53,038	43,758	37,422	27,999	23,291	29,361	Upgrade
Minority Interest in Earnings	-207	26.7	26.7	100.6	-121.7	-183	Upgrade
Net Income	52,831	43,785	37,448	28,100	23,169	29,178	Upgrade
Net Income to Common	52,831	43,785	37,448	28,100	23,169	29,178	Upgrade
Net Income Growth	27.67%	16.92%	33.27%	21.28%	-20.59%	-19.80%	Upgrade
Shares Outstanding (Basic)	200	200	200	200	200	200	Upgrade
Shares Outstanding (Diluted)	200	200	200	200	200	200	Upgrade
Shares Change (YoY)	-0.08%	-0.00%	0.10%	0.08%	0.04%	0.03%	Upgrade
EPS (Basic)	264.13	218.96	187.36	140.62	115.96	146.07	Upgrade
EPS (Diluted)	263.93	218.69	187.04	140.49	115.93	146.04	Upgrade
EPS Growth	27.77%	16.92%	33.13%	21.19%	-20.62%	-19.82%	Upgrade
Free Cash Flow	41,654	34,408	41,352	20,096	15,340	35,294	Upgrade
Free Cash Flow Per Share	208.09	171.85	206.53	100.47	76.76	176.66	Upgrade
Dividend Per Share	65.000	165.000	115.000	100.000	95.000	90.000	Upgrade
Dividend Growth	-53.57%	43.48%	15.00%	5.26%	5.56%	-	Upgrade
Gross Margin	33.98%	33.75%	32.04%	29.45%	28.71%	29.33%	Upgrade
Operating Margin	12.90%	12.62%	12.13%	10.10%	9.40%	10.95%	Upgrade
Profit Margin	12.53%	10.70%	9.91%	8.23%	7.84%	9.43%	Upgrade
Free Cash Flow Margin	9.88%	8.41%	10.94%	5.88%	5.19%	11.40%	Upgrade
EBITDA	60,564	57,768	51,797	40,404	33,836	40,110	Upgrade
EBITDA Margin	14.36%	14.12%	13.71%	11.83%	11.45%	12.96%	Upgrade
D&A For EBITDA	6,180	6,136	5,941	5,918	6,055	6,220	Upgrade
EBIT	54,384	51,632	45,856	34,486	27,781	33,891	Upgrade
EBIT Margin	12.90%	12.62%	12.13%	10.10%	9.40%	10.95%	Upgrade
Effective Tax Rate	23.85%	26.25%	26.48%	27.53%	23.84%	23.72%	Upgrade
Revenue as Reported	433,068	419,675	386,432	347,274	301,063	315,171	Upgrade
Advertising Expenses	-	12,929	10,895	8,918	7,505	6,060	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.