Hero MotoCorp to vroom on new launches and uptick in rural growth | Stock Market Today

Hero MotoCorp (HMCL) saw strong volume performance in the first quarter of the current financial year (Q1FY25), but margins disappointed due to weak spare part sales and negative electric vehicle (EV) margins. The company hopes for a strong festive season due to better rural sentiment.

Revenue grew 16 per cent year-on-year (Y-o-Y) to Rs 10,140 crore, operating profit was up 21 per cent to Rs 1,460 crore, and adjusted net profit grew 19 per cent Y-o-Y to Rs 1,120 crore. Net realisations improved 2 per cent Y-o-Y to Rs 66,100 per unit while volumes grew 13.5 per cent