Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board of Directors Meeting and Financial Results

Audit Opinion:

Clean opinion. The independent auditor, Deloitte Haskins & Sells LLP, stated that based on their review, nothing has come to their attention that causes them to believe that the accompanying Statement contains any material misstatement.

Key Financial Highlights [Rupees in crore]:

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹14,687.43 (Up 21% YoY from ₹12,126.37 in Q2 FY26)
  • Total Income: ₹14,881.22
  • Net Profit: ₹1,456.22 (Up 5% YoY from ₹1,392.83 in Q2 FY26)
  • EPS (Basic): ₹72.75
  • Other Equity: ₹22,950.09 (as of September 30, 2026)
  • Cash and Cash Equivalents: ₹855.94
  • Debt: Not specifically disclosed as separate line item

Half year ended September 30, 2026:

  • Revenue from Operations: ₹27,686.25 (Up 28% YoY from ₹21,705.23 in H1 FY26)
  • Total Income: ₹28,320.93
  • Net Profit: ₹2,910.70 (Up 16% YoY from ₹2,518.53 in H1 FY26)
  • EPS (Basic): ₹145.44

Consolidated Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹14,970.50 (Up 23% YoY from ₹12,218.39 in Q2 FY26)
  • Total Income: ₹15,172.00
  • Net Profit: ₹1,860.55
  • Net Profit attributable to owners: ₹1,861.33 (Up 41% YoY from ₹1,308.89 in Q2 FY26)
  • EPS (Basic): ₹92.99
  • Other Equity: ₹23,369.09 (as of September 30, 2026)
  • Cash and Cash Equivalents: ₹1,020.93

Half year ended September 30, 2026:

  • Revenue from Operations: ₹28,096.85 (Up 28% YoY from ₹21,946.14 in H1 FY26)
  • Total Income: ₹28,758.09
  • Net Profit: ₹3,278.48
  • Net Profit attributable to owners: ₹3,273.69 (Up 8% YoY from ₹3,014.18 in H1 FY26)
  • EPS (Basic): ₹163.58

Segment-wise Performance:

Based on Ind AS-108, the Company's business activity falls within a single operating segment, namely automotive segment.

Corporate Actions:

  • Dividend: On May 05, 2026, the Board approved final dividend @ 3750% i.e. ₹75 per equity share (face value of ₹2 per share) for FY 2025-26. This together with interim dividend @5500% i.e. ₹110 per share, takes aggregate total dividend for FY 2025-26 to ₹185 per share i.e. 9250%, approved by shareholders in AGM on August 05, 2026.
  • Employee Share Allotment: During quarter ended September 30, 2026, 48,269 equity shares and during half year ended September 30, 2026, 51,430 equity shares of ₹2 each were issued and allotted under Employee Incentive Scheme - 2014.

Other Significant Information:

  • Investment: During quarter ended September 30, 2026, Company invested ₹2,000.33 crores in Ather Energy Limited (Associate), including ₹240 crores through share warrants.
  • Additional Investment: Board approved additional investment of up to ₹300 Crore in HMCL Netherlands B.V., a wholly-owned subsidiary, in one or more tranches over coming 2 years, for purpose of further investment in its subsidiary companies viz. HMCL Colombia S.A.S and Hero MotoCorp Do Brasil Ltda.
  • Operational Highlights: Company sold 18.68 lakh two-wheelers in Q2 FY27, registering 10% YoY growth. Scooter portfolio grew 47% to 2.40 lakh units. VIDA electric vehicles recorded 76% YoY retail growth reaching 66,531 units. Parts, Accessories, and Merchandising business grew 27% YoY to ₹1,941 Crore.
  • Global Expansion: Entered Germany (54th global market) and launched products in Bangladesh. VIDA made global debut with entry into Nepal.
  • Management Appointments: Anuj Dua appointed as Chief Business Officer – Premium Segment; Srihari Mulgund as Chief Strategy Officer; Suresh Kumar P as Chief Digital & Information Officer.