Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations

Date of Board Meeting / Approval: November 14, 2026 (commenced 4:00 PM IST, concluded 9:23 PM IST)

Audit Opinion: Unqualified - Limited Review Report states no material misstatement found.

Auditor’s Comment: The review report highlights that the comparative numbers for the quarter and half year ended September 30, 2025 were not subject to limited review. The conclusion is not modified in respect of this matter.

Key Financial Highlights [Amount in ₹ lakhs]

Standalone Results:

Revenue from Operations:

  • Q2 FY27: ₹31,811.92 lakhs (27% increase YoY from ₹25,109.06 lakhs in Q2 FY26)
  • H1 FY27: ₹59,631.57 lakhs (28% increase YoY from ₹46,555.98 lakhs in H1 FY26)

Total Income:

  • Q2 FY27: ₹32,323.01 lakhs
  • H1 FY27: ₹60,515.64 lakhs

Net Profit:

  • Q2 FY27: ₹2,374.79 lakhs (49% increase YoY from ₹1,596.01 lakhs in Q2 FY26)
  • H1 FY27: ₹4,715.25 lakhs (91% increase YoY from ₹2,466.61 lakhs in H1 FY26)

EPS (Face value ₹10 per share, not annualized):

  • Basic EPS Q2 FY27: ₹0.61
  • Diluted EPS Q2 FY27: ₹0.60
  • Basic EPS H1 FY27: ₹1.23
  • Diluted EPS H1 FY27: ₹1.21

Other Equity:

  • As of September 30, 2026: ₹68,565.99 lakhs (Significant increase from ₹15,835.00 lakhs on March 31, 2026)

Cash and Cash Equivalents:

  • As of September 30, 2026: ₹3,419.33 lakhs (increase from ₹1,170.52 lakhs on March 31, 2026)

Debt:

  • Non-current borrowings: ₹422.83 lakhs (decrease from ₹6,955.82 lakhs)
  • Current borrowings: ₹10,636.53 lakhs (decrease from ₹22,177.10 lakhs)
  • Total Borrowings: ₹11,059.36 lakhs

Consolidated Results:

Revenue from Operations:

  • Q2 FY27: ₹36,479.49 lakhs (21% increase YoY from ₹30,070.85 lakhs in Q2 FY26)
  • H1 FY27: ₹68,411.80 lakhs (23% increase YoY from ₹55,645.12 lakhs in H1 FY26)

Net Profit (Attributable to owners of parent):

  • Q2 FY27: ₹1,823.19 lakhs (65% increase YoY from ₹1,104.25 lakhs in Q2 FY26)
  • H1 FY27: ₹2,843.52 lakhs (80% increase YoY from ₹1,578.18 lakhs in H1 FY26)

EPS (Face value ₹10 per share, not annualized):

  • Basic EPS Q2 FY27: ₹0.47
  • Diluted EPS Q2 FY27: ₹0.46
  • Basic EPS H1 FY27: ₹0.74
  • Diluted EPS H1 FY27: ₹0.73

Segment-wise Performance [₹ lakhs]:

The Group operates in two segments: Powertrain Solutions and Alloys and Metallics.

Segment Revenue (Q2 FY27):

  • Powertrain Solutions: ₹19,784.49 lakhs
  • Alloys and Metallics: ₹18,597.97 lakhs
  • Less: Inter-segment revenue: (₹1,902.97) lakhs
  • Total Consolidated Revenue: ₹36,479.49 lakhs

Segment Result (Q2 FY27):

  • Powertrain Solutions Profit: ₹2,837.01 lakhs
  • Alloys and Metallics Profit: ₹1,099.59 lakhs

Corporate Actions:

Dividend: An interim dividend of ₹0.32 per equity share (aggregating ₹1,213.79 lakhs) was declared for FY26-27 on May 01, 2026, with a record date of April 24, 2026.

Capital Raising - IPO: The company completed its Initial Public Offer (IPO) on September 23, 2026.

  • Fresh issue: 7,14,28,571 shares aggregating ₹60,000 lakhs.
  • Offer for sale: 4,70,23,809 shares by selling shareholders.
  • Total offer expenses: ₹6,025 lakhs (inclusive of taxes).
  • Net IPO proceeds received by company: ₹56,199 lakhs (net of provisional expenses of ₹3,801 lakhs).

IPO Proceeds Utilization (as of September 30, 2026):

  • Repayment of borrowings: Budgeted ₹19,000 lakhs; Utilized ₹18,984 lakhs.
  • Capex for Gautam Buddha Nagar facility: Budgeted ₹20,000 lakhs; Utilized ₹0 lakhs.
  • Funding inorganic growth & corporate purposes: Budgeted ₹17,199 lakhs; Utilized ₹2,700 lakhs.
  • Total Utilized: ₹21,684 lakhs; Unutilized: ₹34,515 lakhs (temporarily invested in deposits/bank accounts).

ESOPs: During H1 FY27, 34,79,045 ESOPs were exercised by employees.

CCPS Conversion: Subsequent to the quarter end, 2,09,71,941 Compulsory Convertible Preference Shares (CCPS) were converted into equity shares.

Investment Approval: The board approved an investment of up to ₹14 crores in its wholly-owned subsidiary, Hero Motors Thai Limited, through subscription of equity shares and/or granting of unsecured loans. This is a related party transaction undertaken on an arm's length basis.

Other Significant Information:

Standalone Balance Sheet Strength: Significant growth in Total Assets (to ₹1,61,207.79 lakhs from ₹1,13,250.48 lakhs) and Equity (to ₹1,13,987.55 lakhs from ₹51,668.60 lakhs), largely due to the IPO.

Consolidated Balance Sheet: Total Assets stood at ₹1,84,509.54 lakhs (from ₹1,37,178.67 lakhs). Equity attributable to owners grew to ₹1,08,069.31 lakhs (from ₹47,466.02 lakhs).

Cash Flows (Standalone H1 FY27): Net cash generated from operating activities was ₹8,038.98 lakhs. Net cash used in investing activities was ₹38,654.99 lakhs (primarily investments and capex). Net cash from financing activities was ₹37,691.53 lakhs (primarily IPO proceeds).