Hero FinCorp targets PAT of Rs 1,000 crore in FY25, says CEO Abhimanyu Munjal

Hero FinCorp Aims for Rs 1,000 Crore Net Profit in FY 2024-25, Anticipates 30% YoY Growth

Expert Analysis:

• Ambitious Profit Targets: Hero FinCorp targets a substantial Rs 1,000 crore net profit in FY 2024-25, aiming for a remarkable 30% YoY growth.

• Robust Financial Performance: Strong financial showing, with a 71% YoY rise in Profit After Tax (PAT) to Rs 736 crore for April-December 2023.

• Impressive AUM Surge: Assets Under Management (AUM) witnessed a significant 25% YoY surge, reaching Rs 49,127 crore, indicating robust growth.

• Strategic Nationwide Expansion: Nationwide coverage expansion from major urban centers to the smallest rural settlements strategically positions Hero FinCorp.

Resilience and Tech Initiatives: Lower Non-Performing Assets (NPAs) are at 2.3%, and tech-centric initiatives signal resilience and market dominance.