Two-wheeler maker Hero MotoCorp Ltd. has reported a 16.86% decline in consolidated profit after tax to ₹1,417.93 crore in the first quarter ended June 30 due to high base effect.

The company had posted a consolidated net profit of ₹1,705.65 crore in the corresponding period of previous fiscal.

The previous year PAT included a one-time gain of ₹722 crore on account of dilution of the company’s share of investment in associates consequent to public issue and private placement, Hero MotoCorp said in a statement.

Consolidated revenue from operations in the first quarter stood at ₹13,126.35 crore as against ₹9,727.75 crore in the year-ago period, the company said in a regulatory filing on Thursday (August 6, 2026).

During the quarter, the company sold 16.77 lakh motorcycles and scooters, registering a 23% year-on-year growth over the corresponding quarter of the previous year, Hero MotoCorp said.

Total expenses in the quarter under review rose to ₹11,621.48 crore as compared to ₹8,541.12 crore in the same period a year ago.

Commenting on the performance, Hero MotoCorp CEO Harshavardhan Chitale said, “We have commenced FY27 with strong momentum, delivering broad-based growth across our premium, electric mobility, and commuter segments and global business.” Hero MotoCorp said revenue from its Parts, Accessories, and Merchandising (PAM) business stood at ₹1,689 crore — a growth of 30% over previous year.