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

30 Apr 2022 , 02:48 PM

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.

Particulars	Quarter Ended	Year Ended
?	Mar. 2022	Mar. 2021	% Var.	Mar. 2022	Mar. 2021	% Var.
Sales	1208.78	1045.03	16	4440.58	4045.93	10
OPM %	37.87	52.84	–	27.71	40.18	–
PBDT	83.07	194.87	-57	-228.47	120.74	PL
PBT	76.34	187.70	-59	-256.13	90.07	PL
NP	55.69	144.27	-61	-194.00	70.62	PL

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