Hero Motors share price jumps 6.5% on strong Q2 results | Check share price performance, earnings details | Buy or sell?
Hero Motors share price jumped over 6.5% in Wednesday's trading session after the company reported a strong financial results for the September quarter on Tuesday.
Hero Motors shares opened at ₹161 per share on NSE today, as compared to previous close of ₹155.19 on Tuesday and touched an intraday high of ₹167.39 on 14 October.
The stock has, which made its stock market debut on 23 September, has fallen 3.5% in a week, however, has gained 67.47% on year-to-date (YTD) basis.
Hero Motors Q2 results 2026
Auto components manufacturer Hero Motors Ltd on Tuesday, October 13, reported a net profit of ₹10.2 crore for the second quarter, more than doubling from ₹4.73 crore in the same period last year. Revenue rose 24.9% year-on-year to ₹319.3 crore, compared with ₹255.7 crore in the year-ago quarter.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 92% year-on-year to ₹35.9 crore from ₹18.7 crore. Its EBITDA margin also improved to 11.3% in the quarter from 7.3% a year earlier.
Separately, Hero Motors has proposed acquiring an additional 39% stake in its subsidiary, Hewland Engineering Ltd (HEL), from existing shareholders William Hewland and Siobhan Hewland for approximately £0.60 million in cash. The transaction covers 8,039 equity shares with a face value of £1 each and will increase Hero Motors’ stake in HEL from 51% to 90%. The acquisition is expected to be completed within around six months and does not require any governmental or regulatory approvals.
Hero Motors is an automotive technology company engaged in designing, developing, manufacturing and supplying powertrain solutions to automotive original equipment manufacturers across the US, Europe, India and the ASEAN region. Its product portfolio caters to two-wheelers, electric bicycles, off-road vehicles, electric and hybrid cars, and heavy-duty vehicles. The company’s customers include BMW, Ducati, Enviolo, Formula Motorsport, Hummingbird EV and HWA.