Whalesbook
Aakhir itna revenue aaya kahan se?
Asal mein, Hero MotoCorp ne is quarter mein bahut achha perform kiya hai. Unhone sirf revenue hi nahi, balki profitability mein bhi zabardast kaam kiya hai. Company ne ₹12,328 Crore ka record revenue generate kiya hai, jo 21% YoY growth dikhata hai. EBITDA 23% badh kar ₹1,810 Crore par pahuncha hai, aur normalized PAT 20% badh ke ₹1,489 Crore ho gaya. Normal PAT bhi 12% upar ₹1,349 Crore raha hai.
Company ka overall EBITDA margin 14.7% raha, jabki ICE (Internal Combustion Engine) business ka EBITDA margin 17% tak pahunch gaya, jo pichhle saal se 100 basis points zyada hai. Unka Average Selling Price (ASP) bhi 4.2% badha hai YoY. Iss quarter mein unhone ₹119 Crore ka provision bhi kiya hai naye labor code ke liye.
9 mahine FY'26 ke numbers bhi mast hain: Revenue ₹34,034 Crore (+10% YoY), EBITDA ₹5,015 Crore (+13% YoY), aur PAT ₹3,867 Crore (+10% YoY).
Growth ke peeche ka funda kya hai?
Company ne apna focus scooter, premium motorcycles, global markets, EVs, aur parts & accessories par rakha hai. Unka EV business, VIDA, bhi strong perform kar raha hai. Naya VIDA VX2 model customers ko pasand aa raha hai aur VIDA EV portfolio ne 10.8% market share pakad liya hai. Entry level segment mein bhi company ka market share lagaatar char quarters se badh raha hai. Global business toh ek alag hi level par hai, jisme volumes 41% badhe hain aur market share 7.5% ho gaya hai. Yahan tak ki Colombia mein unki subsidiary bhi ab profit mein aa gayi hai.
Aage kya hone wala hai?
Management ka kehna hai ki Q4 FY'26 mein industry mein double-digit growth ki umeed hai, aur poore FY'27 mein high single digits ki growth reh sakti hai. Haan, FY'27 ke second half mein thoda moderation dikh sakta hai kyunki base high hoga. Commodity prices (jaise aluminium) aur forex rate mein fluctuations risk ho sakte hain, lekin company price hikes aur cost savings se isko manage kar rahi hai. FY'27 mein EV business ke liye capacity expansion bhi plans mein hai. Aur haan, naye CEO, Mr. Harshavardhan Chitale, bhi growth areas ko strengthen karne par focus kar rahe hain.