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Hero MotoCorp Ltd — Q1FY27 Earnings Call Summary
Key Takeaways
- EV capacity tripled to 30,000 units/month; target 45,000 by FY end
- Q1 FY27 revenue 129.99bn INR (+36% y-y), EBITDA 17.27bn INR, PAT 14.54bn INR
- Multiple analyst queries on EV profitability and capacity ramp-up; management expects EBITDA loss per EV unit to improve from 50k to 40k INR this quarter
- EBITDA margin contracted 120 bps q-q to 13.3% due to 4.5% commodity inflation impact
- Volume grew 23% y-y; ICE volumes +21%, EV volumes +151%
- Premium motorcycle launches planned starting this festive season; new CTO and CBO appointed
- Mix shift to premium, EV, scooters, global business contributed 8% mix benefit
- VIDA EV volumes reached 57,000 units in Q1; PLI benefits to reach 100% by Dec 2026
- Export growth +63% y-y; new markets opened including Germany and Nepal
📄 Source: View original transcript (PDF)
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Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.