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HEROMOTOCO Diversified 14 Aug 2024

Hero MotoCorp Limited — Q1 FY25

Hero MotoCorp reported a strong Q1 FY25 with record revenue of INR 10,144 crore (+16% YoY) and highest-ever PAT of INR 1,123 crore (+36% YoY).

bullish high
Compare with...
Revenue ₹10,211 Cr +16%
EBITDA ₹1,460 Cr +21%
PAT ₹1,032 Cr +36%
EBITDA Margin 14% +60bps
Duration
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

EV investment drag may persist

EV business continues to weigh on margins (198 bps impact), and profitability timeline remains uncertain despite volume growth.

medium · management_commentary
R

Rural recovery may slow

While rural demand is improving, any macroeconomic shock or poor monsoon could derail the recovery, impacting entry-level sales.

medium · analyst_question
R

Market share pressure in premium segment

Despite new launches, overall market share is still declining YoY; premium segment competition remains intense.

high · analyst_question
R

Bangladesh operations disruption

Political unrest in Bangladesh has caused a setback, though it represents only ~0.3-0.4% of total revenue.

low · management_commentary