Hero Motors Shares Rally on Strong Q2 Earnings

Hero Motors surged as much as 8% on Wednesday after the auto components maker reported a sharp jump in second-quarter profits, its first full earnings release since listing in September. Net profit more than doubled to ₹10.2 crore for the July-September quarter, up 115.6% from ₹4.73 crore a year earlier. Revenue from operations rose 24.9% to ₹319.3 crore, while EBITDA climbed 92% to ₹35.9 crore. The EBITDA margin expanded by about 400 basis points to 11.3%, reflecting improved operating efficiency. The stock hit an intraday high near ₹167–₹168 before settling with gains of around 5–6% in morning trade. Since its September listing, Hero Motors has climbed roughly 66%, with the price nearly doubling from its IPO level of ₹84 in some reports.