Hero Fincorp Q3FY23 Financial Highlights
🔴Hero FinCorp Limited🔴
Q3FY23 Highlights
📊Total Revenue from Operations
Q2FY23 – ₹1,540.88 Cr
Q3FY23 – ₹1,663.44 Cr
📊Total Expenses
Q2FY23 – ₹1,343.25
Q3FY23 – ₹1,417.78
📊Net Profit
Q2FY23 – ₹159.31 Cr
Q3FY23 – ₹191.89 Cr
📊Net Worth
Q2FY23 – ₹7,079.45 Cr
Q3FY23 – ₹7,269.06 Cr
📊EPS
Q2FY23 – ₹9.73
Q3FY23 – ₹11.72
📑 KEY HIGHLIGHTS – Q3FY23
➡The revenue from operations increased by 7.95% on a Q-o-Q basis, standing at ₹1,663 Cr. Revenue during the quarter increased due to increase in the interest income.
➡Expenses rose in the quarter due to rise in Finance costs and Other Expenses.
➡The Book Value Per Share (BVPS) for Q3FY23 is ₹444.13. This increase was due to issuance of CCPS amounting to ₹2000cr.
The company is trading at P/B multiple of 1.57
➡The CCPS worth ₹2000 Cr was allotted to:
Class A:
-Apollo group who invested ₹937Cr
Class B:
-Hero Motor Corp who invested ₹700 Cr.
-JM Financial who invested ₹66 Cr.
➡The Outstanding debt has increased to ₹29,427 Cr in Q3 as compared to ₹21,993 Cr in Q2.
➡The Debt/Equity ratio for the company is 4.05 for this quarter as compared to 4.00 in the previous quarter.
