Hero Motors' shares surged to ₹167.39, its peak since listing, as the stock rallied 7.9%.
The rally followed a Q1 net profit that more than doubled YoY, beating analysts’ expectations.
Revenue climbed 24.9% to ₹319.3 crore, while EBITDA surged 92% to ₹35.9 crore, expanding the margin to 11.3% from 7.3%.
Hero Motors listed at ₹84 issue price and ₹82 listing price, now up 99.3% and 104% respectively, delivering a near‑100% return to early investors.
Analysts had projected a net profit of ₹8.5 crore; the actual figure exceeded forecasts by 19.5%, and the company will announce guidance on March 15, with expectations of further margin expansion.