Hero MotoCorp records highest quarterly revenue, PAT, riding on better sales in 125 cc segment
Hero MotoCorp recorded its highest ever quarterly revenue and profit after tax in Q1 FY25 as it reported a 16 per cent revenue growth from the same quarter of the previous year at Rs 10,144 crore and PAT at 1,123 crore, an increase of 36 per cent from Q1 FY24. The revenue touched 10,000 crore in a quarter for the first time in the company’s 40-year history. The company sold 15.35 lakh units in the quarter, an increase of 13.45 per cent from the same quarter of the previous year.
“We continue to be on the profitable growth journey, crossing Rs 10,000 crore revenue for the first time ever, accompanied by the highest ever underlying PAT. As we surge forward, we are investing behind long term capability building to ensure sustained delivery of growth in future,” said Niranjan Gupta, CEO, Hero MotoCorp.
The growth was led by significant improvement 125 cc segment sales. The 100/1105cc segments continued to dominate as 70 per cent of demand came from here. Electric vehicle sales and global business saw positive growth as well. The increase in sales comes despite higher costs of two wheelers in the reported quarter.
“We are seeing a sharp recovery in market share in 125 cc segment charged by the new model Xtreme 125 cc, while we continue to maintain formidable market share in entry and deluxe 100/110 cc segment of over 70% powered by our brands like Splendor, Passion, and HF deluxe. Our focus moving forward will be, building our brands in the premium segment on the back of launches done in the last few quarters, to win
