Latest news with #HeroFincorp
Reuters
28-05-2025
- Business
- Reuters
India's markets regulator greenlights Hero Fincorp's $430 million IPO
May 28 (Reuters) - India's markets regulator on Wednesday approved Hero Fincorp's ( opens new tab initial public offering, according to a notification on its website. The IPO of the financial arm of two-wheeler maker Hero MotoCorp ( opens new tab is valued at 36.68 billion rupees (about $430 million). It consists of a fresh issue of shares worth 21 billion rupees and shareholders will sell stocks worth 15.68 billion rupees, as per the prospectus. Hero Fincorp's IPO comes at a time when investor sentiment has taken a hit due to global trade and geopolitical tensions. Companies seeking to tap the Indian capital market have either delayed or downsized their IPOs this year, including LG Electronics India ( opens new tab. The value of shares sold in India at IPOs is down 5% year-on-year in 2025, LSEG data from early-May showed, while the number of issues has dropped 31%. The blue-chip Nifty 50 (.NSEI), opens new tab is down about 6% from record-highs hit in September. ($1 = 85.3500 Indian rupees)
Business Standard
30-04-2025
- Business
- Business Standard
Hero Fincorp consolidated net profit declines 69.85% in the March 2025 quarter
Sales rise 10.07% to Rs 2502.20 crore Net profit of Hero Fincorp declined 69.85% to Rs 40.63 crore in the quarter ended March 2025 as against Rs 134.74 crore during the previous quarter ended March 2024. Sales rose 10.07% to Rs 2502.20 crore in the quarter ended March 2025 as against Rs 2273.27 crore during the previous quarter ended March 2024. For the full year,net profit declined 82.81% to Rs 109.49 crore in the year ended March 2025 as against Rs 636.78 crore during the previous year ended March 2024. Sales rose 18.60% to Rs 9832.73 crore in the year ended March 2025 as against Rs 8290.90 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2502.202273.27 10 9832.738290.90 19 OPM % 43.3848.05 - 41.7948.91 - PBDT 109.35240.18 -54 352.061026.51 -66 PBT 80.97218.87 -63 256.09960.55 -73 NP 40.63134.74 -70 109.49636.78 -83
