{"id":135517,"date":"2022-11-04T02:33:21","date_gmt":"2022-11-04T06:33:21","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135517"},"modified":"2022-11-04T02:34:47","modified_gmt":"2022-11-04T06:34:47","slug":"hero-motocorp-net-profit-drops-by-9-in-q2fy23","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/hero-motocorp-net-profit-drops-by-9-in-q2fy23\/","title":{"rendered":"Hero Motocorp net profit drops by 9% in Q2FY23"},"content":{"rendered":"\n<p>On Thursday, Hero Motocorp &#8211; India&#8217;s leading two wheeler company, reported a 9% drop in its net profit for the quarter ended September to INR 682 crore.  Revenue in the quarter rose by a moderate 7.4% on year to INR 9,158 crores Unlike Bajaj Auto, which saw a Y-o-Y growth in sales volumes, Hero MotoCorp\u2019s vehicle sales in the last quarter dipped by around 1% to 14.28 lakh units.<\/p>\n\n\n\n<p>Higher costs, weak operational performance and moderate sales growth weighed on the overall earnings of the company. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 2.6% on year to INR 1,038 crore, and operating margin shrunk by 117 basis points to 11.44%. Raw material costs rose more than 7% on year as well as sequentially to INR 6,517 crore.<\/p>\n\n\n\n<p>Commenting the same, Mr Niranjan Gupta, CEO of the company stated &#8211; <\/p>\n\n\n\n<p>&#8220;<em>A healthy festive period demand across most categories and specifically in auto sector have demonstrated that the underlying propensity to spend has gone up. The consumer confidence is coming back , which augurs well for growth momentum moving forward.<br>Our Results reflect our continued financial discipline, focus on cost savings and capital allocation on one hand, while ensuring premiumization of our portfolio on the other. The X tec Variants which have been launched across all key models have been received by the customers very well. We will continue to build presence in premium segment through multiple launches over next few quarters. The global macro headwinds may keep the playfield a bit uncertain, and navigating the same over next few quarters will be important. However, as the commodities cool off, and the rate cycle reaches its peak, the medium term outlook for the Indian auto industry appears quite encouraging.<\/em>&#8220;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"689\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/5d617ffb-669f-418e-a447-a61049335be5-1-689x1024.png\" alt=\"\" class=\"wp-image-135526\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/5d617ffb-669f-418e-a447-a61049335be5-1-689x1024.png 689w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/5d617ffb-669f-418e-a447-a61049335be5-1-202x300.png 202w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/5d617ffb-669f-418e-a447-a61049335be5-1-768x1141.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/5d617ffb-669f-418e-a447-a61049335be5-1-1034x1536.png 1034w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/5d617ffb-669f-418e-a447-a61049335be5-1-1379x2048.png 1379w\" sizes=\"auto, (max-width: 689px) 100vw, 689px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, Hero Motocorp &#8211; India&#8217;s leading two wheeler company, reported a 9% drop in its net profit for the quarter ended September to INR 682 crore. Revenue in the quarter rose by a moderate 7.4% on year to INR 9,158 crores Unlike Bajaj Auto, which saw a Y-o-Y growth in sales volumes, Hero MotoCorp\u2019s [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,6351,392],"tags":[9555,8575,9721],"class_list":["post-135517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-consumer-stocks","category-earnings","tag-e-scooters","tag-motorcycle","tag-scooters"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":145024,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-hero-motocorp-limited-for-q4-fy23\/","url_meta":{"origin":135517,"position":0},"title":"Earnings Summary Of Hero Motocorp Limited For Q4 FY23","author":"Hardik Bhandare","date":"May 4, 2023","format":false,"excerpt":"Hero MotoCorp Limited is an Indian multinational motorcycle and scooter manufacturer based in New Delhi, India. The company is the world's largest manufacturer of motorcycles and scooters in terms of unit volumes, with a strong presence in over 40 countries across the globe. Hero MotoCorp has a diverse product portfolio,\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170270,"url":"https:\/\/alphastreet.com\/india\/hero-motocorp-q1-fy26-earnings-results\/","url_meta":{"origin":135517,"position":1},"title":"HERO MOTOCORP Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"August 18, 2025","format":false,"excerpt":"Hero MotoCorp Limited, formerly known as Hero Honda, is one of India\u2019s pioneer motorcycle manufacturers. Established in 1984 through a technological collaboration with Honda, the company became fully independent in 2011, adopting the name Hero MotoCorp. Below are its Q1 FY26 Earnings Results. Q1 FY26 Earnings Results Revenue: \u20b99,728 crore,\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"HEROMOTOCO Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/E.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/E.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/E.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/E.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/E.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/E.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":145046,"url":"https:\/\/alphastreet.com\/india\/hero-motocorp-limited-q4-fy23-net-profit-increased-up-to-%e2%82%b9811-crore\/","url_meta":{"origin":135517,"position":2},"title":"Hero Motocorp Limited Q4 FY23; Net Profit Increased Up To \u20b9811 Crore","author":"Hardik Bhandare","date":"May 4, 2023","format":false,"excerpt":"Hero Motocorp Limited reported Total Income for Q4 FY23 of \u20b98,671.82 Crore up from \u20b97,627.99 Crore year on year, a growth of 13.7%. Consolidated Net Profit of \u20b9810.8 Crore, up from \u20b9620.56 Crore in the same quarter of the previous year. The Earnings per Share is \u20b940.25, from \u20b930.59 in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/e7d57fda-2a9e-458e-9793-718d47e5f42a.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/e7d57fda-2a9e-458e-9793-718d47e5f42a.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/e7d57fda-2a9e-458e-9793-718d47e5f42a.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/e7d57fda-2a9e-458e-9793-718d47e5f42a.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/e7d57fda-2a9e-458e-9793-718d47e5f42a.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/e7d57fda-2a9e-458e-9793-718d47e5f42a.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142611,"url":"https:\/\/alphastreet.com\/india\/vip-industries-q3fy23-net-profit-rose-by-32-percent\/","url_meta":{"origin":135517,"position":3},"title":"VIP Industries Q3FY23 net profit rose by 32 percent","author":"Chirag Gupta","date":"February 23, 2023","format":false,"excerpt":"Net profit of V I P Industries rose 31.76% to INR 44.10 crore in the quarter ended December 2022 as against INR 33.47 crore during the previous quarter ended December 2021. Sales rose 32.48% to INR 526.40 crore in the quarter ended December 2022 as against INR 397.34 crore during\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":140677,"url":"https:\/\/alphastreet.com\/india\/timken-india-net-profit-rises-by-over-a-percent-in-the-december-2022-quarter\/","url_meta":{"origin":135517,"position":4},"title":"Timken India net profit rises by over a percent in the December 2022 quarter","author":"Chirag Gupta","date":"February 9, 2023","format":false,"excerpt":"Net profit of Timken India rose by 1.15% to INR 70.6 crore in the quarter ended December 2022 as against INR 70 crore during the previous quarter ended December 2021. Sales soared by 19.49% to INR 609.4 crore in the quarter ended December 2022 as against INR 510 crore during\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":141446,"url":"https:\/\/alphastreet.com\/india\/tata-elxsi-q3fy23-net-profit-rises-by-29\/","url_meta":{"origin":135517,"position":5},"title":"Tata Elxsi Q3FY23 net profit rises by 29%","author":"Chirag Gupta","date":"February 14, 2023","format":false,"excerpt":"Net profit of Tata Elxsi rose 28.96% to INR 194.68 crore in the quarter ended December 2022 as against INR 150.96 crore during the previous quarter ended December 2021. While, sales rose 28.69% to INR 817.74 crore in the quarter ended December 2022 as against INR 635.41 crore during the\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135517"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}