Hero MotoCorp Financial Statements

Hero MotoCorp (HEROMOTOCO) reported revenue of ₹419.68B in FY2025 with net income of ₹43.76B. Total assets stood at ₹283.90B and free cash flow was ₹34.41B.

Hero MotoCorp Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		315.17B	301.06B	347.27B	386.43B	419.68B
Cost of Rev. Cost of Revenue		-217.44B	-207.71B	-241.77B	-255.09B	-269.11B
Gross Profit		97.73B	93.35B	105.51B	131.34B	150.57B
SGA Sales, General & Admin		-51.16B	-51.86B	-61.21B	-69.30B	-80.67B
Op. Income Operating Income		39.42B	34.60B	37.33B	54.47B	61.65B
PBT Profit Before Tax		38.96B	32.57B	38.61B	52.10B	60.95B
Net Income		29.18B	23.29B	28.00B	37.42B	43.76B
Dil. Shares Diluted Shares		199.73M	199.85M	200.01M	200.22M	200.22M
Diluted EPS		146.08	115.93	140.69	187.04	218.69

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Hero MotoCorp's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Hero MotoCorp Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		113.70B	105.72B	94.35B	103.15B	134.34B
Non-curr. assets Total non-current assets		117.26B	119.06B	144.82B	158.37B	149.56B
Total assets		230.96B	224.78B	239.17B	261.53B	283.90B
Curr. liabilities Total current liabilities		65.05B	55.18B	60.13B	70.48B	74.76B
Non-curr. liab. Total non-current liabilities		10.32B	9.66B	11.24B	12.70B	15.10B
Total liabilities		75.36B	64.84B	71.36B	83.18B	89.86B
Total equity		155.60B	159.95B	167.81B	178.35B	194.04B
Total liab. & eq. Total liabilities & equity		230.96B	224.78B	239.17B	261.53B	283.90B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Hero MotoCorp's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Hero MotoCorp Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		29.36B	23.29B	28.00B	37.42B	43.76B
Operating CF Cash flow Operating Activities		41.10B	21.04B	26.14B	49.23B	42.97B
Capex Investments in PPE		-5.81B	-5.70B	-6.04B	-7.88B	-8.57B
Investing CF Cash flow Investing Activities		-22.84B	-2.22B	-4.21B	-18.28B	-17.03B
Dividend Paid		-19.21B	-19.08B	-19.99B	-27.02B	-28.00B
Financing CF Cash flow Financing Activities		-18.52B	-19.75B	-21.47B	-27.17B	-28.15B
Cash (start) Cash at beginning of period		3.05B	2.75B	1.81B	2.26B	6.05B
Cash (end) Cash at end of period		2.75B	1.81B	2.26B	6.05B	3.84B
FCF Free Cash Flow		35.29B	15.34B	20.10B	41.35B	34.41B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Hero MotoCorp's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025