New Delhi: Hero MotoCorp Ltd recorded its highest-ever quarterly income in the course of the October-December quarter, becoming a member of TVS Motor Firm Ltd and Bajaj Auto Ltd in reaching this milestone, buoyed by the festive rush and items and providers tax (GST) cuts.
Hero MotoCorp, India’s largest two-wheeler maker, on Thursday stated its revenue rose 15% year-on-year to ₹1,275 crore within the third quarter of monetary yr 2026 (FY26), whereas income climbed 21% to ₹12,784 crore.
The file quarterly income was pushed by a 16% rise in gross sales to 1.69 million items, because the late-September GST cuts got here into full impact throughout October–December.
“Conducive macroeconomic components and beneficial GST 2.0 tailwind helped in revival of rural demand, which additional drove shopper traction for bikes, and progress for the economic system,” Vivek Anand, chief monetary officer at Hero MotoCorp, stated in a press release on the quarterly outcomes.
Excluding a one-time influence of ₹119 crore from the brand new labour codes, the New Delhi-based firm posted a web revenue of ₹1,439 crore, its highest-ever for 1 / 4.
TVS, Bajaj Auto additionally clock all-time highs
Hero’s numbers are in step with TVS and Bajaj, which recorded their very own highest-ever quarterly income and earnings in the course of the October-December interval. Hosur-based TVS noticed its consolidated web revenue soar 46% year-on-year to a file ₹891 crore in the course of the October to December quarter, whereas Pune-based Bajaj Auto posted a 25% improve in consolidated web revenue to ₹2,749 crore.
TVS’ income grew 33% year-on-year to ₹14,745 crore whereas Bajaj Auto’s income rose 23% to ₹16,640 crore.
Shares of Hero, TVS and Bajaj Auto have risen 6%, 7% and 12%, respectively, for the reason that begin of the festive season in October, outperforming the Nifty Auto index, which is up 3% over the identical interval.
Exports, demand momentum elevate outlook
Investor bullishness additionally acknowledges the truth that all of the three corporations have seen a robust progress in exports within the October-December quarter. Whereas Hero noticed a 41% rise in volumes, TVS noticed a 35% soar in exports, whereas Bajaj Auto noticed a 14% progress.
All of the three two-wheeler makers have introduced a bullish outlook, betting that the demand momentum will proceed within the coming months.
Analysts have famous that the trade traits for January counsel that momentum in gross sales has solely strengthened previously few months.
“Retail traits remained sturdy throughout most segments, suggesting sustained momentum after the festive season. The export phase continued to witness sturdy traction throughout the CV, tractor and 2W segments. Most OEMs (unique gear producers) reported numbers forward of our expectations,” analysts at Kotak Institutional Equities wrote in a 2 February be aware.
Business progress past festivals
In line with knowledge from the Society of Indian Car Producers (Siam), two-wheeler gross sales rose 17% to five.7 million items throughout October-December, the highest-ever for the quarter, as festivals and GST cuts lifted demand.
“Now we have grown forward of the trade, and we’re very assured that this momentum will proceed each on the trade aspect, and we’ll more likely to do higher than the trade progress in This fall,” Ok.N. Radhakrishnan, director and chief government at TVS Motor, had stated in the course of the earnings name on 28 January.
Becoming a member of the bullish commentary on demand, Bajaj Auto’s government director Rakesh Sharma stated on 30 January that the standard of progress has improved, as clients sought to improve their merchandise in the course of the quarter.
“The bike trade moved from a good unfavourable zone into double-digit constructive progress, it is usually the standard of progress, with the higher segments outperforming the decrease segments and which performs very properly for us as a result of our portfolio pivots on the proposition of making an attempt to steer the shoppers to improve,” Sharma instructed reporters.
Sharma added that the momentum within the trade will proceed so long as inflation charges stay underneath management.