Interest and depreciation left Hero Motors with Rs 9.57 cr profit
The consolidated quarter produced an 11.26% operating margin, with Rs 11.17 cr of interest and Rs 12.51 cr of depreciation below operating profit.
Filed 14 Oct 2026, 16:37 IST · after market close · HEROMOTORS (HEROMOTORS)
Key takeaways
- Hero Motors reported consolidated Q1FY27 net profit of Rs 9.57 cr on revenue of Rs 319.32 cr.
- Operating profit of Rs 35.95 cr translated into an 11.26% operating margin, while interest and depreciation were Rs 11.17 cr and Rs 12.51 cr.
- Other income was Rs 3.32 cr and tax was Rs 6.02 cr, leaving profit before tax at Rs 15.59 cr.
Q1FY27 ended with Rs 9.57 cr consolidated profit
Hero Motors reported consolidated revenue of Rs 319.32 cr and operating profit of Rs 35.95 cr in Q1FY27. The company filed the results after market close on 14 October 2026, so there is no immediate market reaction to assess.
Interest and depreciation absorbed a large part of operating profit
The 11.26% operating margin converted into Rs 15.59 cr of profit before tax after interest of Rs 11.17 cr and depreciation of Rs 12.51 cr. Other income contributed Rs 3.32 cr, while tax of Rs 6.02 cr reduced reported net profit to Rs 9.57 cr.
No quarter-on-quarter or year-on-year direction is available here
The reported release does not provide a sequential or year-on-year comparison, so the quarter's main read is the conversion of Rs 35.95 cr in operating profit into Rs 9.57 cr in net profit. The next result will show whether the 11.26% operating margin and the gap created by interest and depreciation are sustained.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹319 cr |
| Other income | ₹3 cr |
| Expenses | ₹283 cr |
| Operating profit | ₹36 cr |
| Operating margin (%) | 11.26% |
| Interest | ₹11 cr |
| Depreciation | ₹13 cr |
| Profit before tax | ₹16 cr |
| Tax | ₹6 cr |
| Net profit | ₹10 cr |
| EPS (₹) | ₹0.27 |
What to watch
- Whether operating margin holds at 11.26% or moves from this quarter's level.
- Whether interest remains close to the Rs 11.17 cr reported in Q1FY27.
- Whether other income remains near Rs 3.32 cr and how it affects profit before tax.