Hero Fincorp standalone net profit declines 61.40% in the March 2022 quarter

Sales rise 15.67% to Rs 1208.78 crore

Net profit of Hero Fincorp declined 61.40% to Rs 55.69 crore in the quarter ended March 2022 as against Rs 144.27 crore during the previous quarter ended March 2021. Sales rose 15.67% to Rs 1208.78 crore in the quarter ended March 2022 as against Rs 1045.03 crore during the previous quarter ended March 2021.

For the full year,net loss reported to Rs 194.00 crore in the year ended March 2022 as against net profit of Rs 70.62 crore during the previous year ended March 2021. Sales rose 9.75% to Rs 4440.58 crore in the year ended March 2022 as against Rs 4045.93 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales1208.781045.03 16 4440.584045.93 10 OPM %37.8752.84 -27.7140.18 - PBDT83.07194.87 -57 -228.47120.74 PL PBT76.34187.70 -59 -256.1390.07 PL NP55.69144.27 -61 -194.0070.62 PL

Powered by Capital Market - Live News