Hero Motors Limited has released its unaudited financial results for the quarter and half-year ended September 30, 2026. The company’s Board of Directors also approved an investment of up to ₹14 crores in its wholly-owned subsidiary, Hero Motors Thai Limited. This investment aims to support the subsidiary’s ongoing business and financial requirements, and can be made through equity subscription or unsecured loans.
Hero Motors Announces Financial Results and Strategic Investment
Hero Motors Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company’s Board of Directors, in a meeting held on November 14, 2026, considered and approved these results. Alongside the financial disclosures, the Board also greenlit a significant investment of up to ₹14 crores (Indian Rupees Fourteen Crores) in its wholly-owned subsidiary, Hero Motors Thai Limited.
Investment in Hero Motors Thai Limited
The approved investment in Hero Motors Thai Limited is intended to support its ongoing business and financial requirements. This strategic move can be executed through one or more tranches, either by way of subscription/acquisition of equity shares or by granting unsecured loans, or a combination thereof. The transaction is subject to compliance with all applicable laws and has been deemed to fall within related party transactions, with an ‘arm’s length’ basis confirmed by the Audit Committee.
Financial Performance Highlights
For the quarter ended September 30, 2026, Hero Motors Limited reported total income of ₹32,323.01 lakhs and a profit after tax of ₹2,328.05 lakhs. The standalone results show a profit after tax of ₹2,374.79 lakhs for the same period. The half-year ended September 30, 2026, saw total income of ₹60,515.64 lakhs and a profit after tax of ₹4,715.25 lakhs on a standalone basis. The consolidated profit after tax for the half-year stood at ₹2,928.00 lakhs.
Other Key Developments
The company also highlighted its Initial Public Offer (IPO) completed during the quarter. The net proceeds from the IPO, amounting to ₹56,199 lakhs, are being utilized for various purposes including repayment of borrowings, capital expenditure for expansion, and funding inorganic growth initiatives.
Source: BSE
