Outcome of Board Meeting

it Hero October 28, 2026 Asst. Vice President, Listing Deptt., The Secretary, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Plot C-1, Block G, 25th Floor, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Dalal Street, Mumbai - 400 051 Mumbai - 400 001 Scrip Code: HEROMOTOCO Scrip Code: 500182 Subject: Compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Re.: Outcome of Board of Directors Meeting held on October 28, 2026 Dear Sir / Madam, Please note that the following matters were considered and approved at the Board of Directors meeting held today i.e. October 28, 2026: 1. The unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. A copy of the said results along with the limited review report, is enclosed. A press release issued in this regard, is also enclosed- Annexure-1. 2. Additional investment of up to INR 300 Crore (Rupees Three Hundred Crore) in HMCL Netherlands B.V., a wholly-owned subsidiary of the Company, in one or more tranches, for the purpose of further investment in its subsidiary companies viz. HMCL Colombia S.A.S and Hero MotoCorp Do Brasil Ltda. The relevant details of the above said investment as required under Regulation 30 of the Listing Regulations are attached herewith as Annexure-2. The meeting of the Board of Directors commenced at 02:30 p.m. and concluded at 5:30 p.m. Kindly take the aforesaid information on your records. Thanking you, For Hero MotoCorp Limited, Prabhat Singh Company Secretary & Compliance Officer Encl.: As above Hero MotoCorp Ltd. Regd. Office: The Grand Plaza, Plot No.2, Nelson Mandela Road, Vasant Kunj - Phase -II, New Delhi - 110070, India Tel. +91-11-46044220, Fax +91-11-46044399 1 Email: corporate.communicationfteromotocorp.com 1 www.heromotocorp.com CIN: L35911 DL1904PLC017354 Deloitte Chartered Accountants 7th Floor Building 10 Haskins & Sells LLP Tower B DLF Cyber City Complex DLF City Phase II Gurugram-122 002 Haryana, India Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF HERO MOTOCORP LIMITED 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Hero MotoCorp Limited ("the Company"), for the quarter and half year ended September 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. For DELOITTE HASKINS & SELLS LLP Chartered Accountants F.ir,ri 4qrali\on No. 117366W/W-100018) Chrirtercd Accovniant, Vijay Aga rwaI Partner (Membership No. 094468) U DI N: 2_605114 j z?Kuxiosi, Place: New Delhi Date: October 28, 2026 Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 Hero HERO MOTOCORP LIMITED Statement of Standalone Un-audited Financial Results for the quarter and half year ended September 30, 2026 (Rupees in crore unless otherwise stated Quarter ended Half year ended Year ended September 30, June 30, September 30, September 30, September 30, March 31, Particulars 2026 2026 2025 2026 2025 2026 Un-audited Un-audited Un-audited Un-audited Un-audited Audited 1 No. of Two wheelers sold (In Lakhs) 18.68 16.77 16.91 35.45 30.58 64.69 2 Income (a) Revenue from operations 14,687.43 12,998.82 12,126.37 27,686.25 21,705.23 46,830.14 (b) Other income 193.79 440.89 232.84 634.68 536.51 1,041.01 Total income 14,881.22 13,439.71 12,359.21 28,320.93 22,241.74 47,871.15 3 Expenses [a] Cost of raw materials consumed 10,062.40 9,222.18 7,975.82 19,284.58 14,270.97 30,844.41 [b] Purchase of stock-in-trade 296.68 222.32 190.58 519.00 338.13 796.53 [c] Changes in inventories of finished goods, 186.84 (154.78) (72.47) 32.06 (124.79) (78.01) stock-in-trade and work-in-progress [d] Employee benefits expense 740.01 699.11 698.13 1,439.12 1,324.14 2,710.50 [e] Finance costs 6.13 6.28 5.65 12.41 11.26 22.76 [f] Depreciation and amortisation expense 216.29 205.31 196.95 421.60 389.72 798.00 [g] Other expenses 1,433.86 1,283.43 1,510.87 2,717.29 2,691.63 5,685.95 Total expenses 12,942.21 11,483.85 10,505.53 24,426.06 18,901.06 40,780.14 4 Profit before exceptional item and tax (2-3) 1,939.01 1,955.86 1,853.68 3,894.87 3,340.68 7,091.01 5 Exceptional item Expenses towards-New Labour Code (Refer note 10) - - - - 119.00 6 Profit before tax (4-5) 1,939.01 1,955.86 1,853.68 3,894.87 3,340.68 6,972.01 7 Tax expense Current tax 509.58 475.37 446.74 984.95 783.06 1,630.25 Deferred tax charge/(credit) (26.79) 26.01 14.11 (0.78) 39.09 73.55 Total tax expense 482.79 501.38 460.85 984.17 822.15 1,703.80 8 Profit after tax (6-7) 1,456.22 1,454.48 1,392.83 2,910.70 2,518.53 5,268.21 9 Other comprehensive income /(loss) Items that will not be reclassified subsequently to profit or loss: [a] Re-measurement of defined benefit plans (5.38) (5.37) (4.43) (10.75) (8.85) (21.36) [b] Income tax effect 1.36 1.35 1.12 2.71 2.23 5.38 Total Other comprehensive income /(loss), net of tax (4.02) (4.02) (3.31) (8.04) (6.62) (15.98) 10 Total comprehensive income, net of tax (8+9) 1,452.20 1,450.46 1,389.52 2,902.66 2,511.91 5,252.23 11 Paid-up equity share capital 40.03 40.02 40.01 40.03 40.01 40.02 Face value of the share (In Rupees) 2.00 2.00 2.00 2.00 2.00 2.00 12 Other equity 21,538.07 Earnings per equity share on profit after tax (face value Rs. 2/- each) [In Rupees]* Basic 72.75 72.69 69.62 145.44 125.90 263.34 Diluted 72.69 72.63 69.54 145.32 125.76 263.07 * Basic and Diluted earnings per share (EPS) for all periods except year ended March 31, 2026 are not annualis [Showing first 8,000 characters — download PDF for full document]