Hero FinCorp, one of India’s prominent non-banking financial companies (NBFCs), has released its audited financial results for the fiscal year 2024-25. As per the announcement dated April 29, 2025, the company continues to showcase financial resilience, strategic foresight, and regulatory compliance in a dynamic market environment.
Backed by the Hero Group legacy, Hero FinCorp has made considerable progress in maintaining strong fundamentals while expanding its lending portfolio. The latest Hero FinCorp Annual Report reflects not only financial growth but also a transparent, forward-looking business approach.
Key Takeaways from FY24-25 Board Meeting
The Board of Directors, during their meeting held on April 29, 2025, approved the audited standalone and consolidated financial statements for the quarter and year ending March 31, 2025. These results were released in compliance with SEBI Listing Regulations, notably under Regulation 52(4), ensuring transparency in financial disclosures.
Additionally, the Board reviewed and approved various critical decisions and disclosures:
- Final Dividend Announcement:
A final dividend of ₹1.10 per equity share of face value ₹10 has been recommended, subject to shareholder approval at the upcoming Annual General Meeting (AGM). This highlights the company’s continued commitment to delivering shareholder value. - Preference Share Dividend:
A dividend of ₹16.50 per Compulsorily Convertible Preference Share (Class A and B) of face value ₹550 was also declared, reinforcing Hero FinCorp’s proactive approach to maintaining investor confidence. - Unmodified Audit Report:
The company’s joint statutory auditors—M/s M M Nissim & Co. LLP and M/s Deloitte Haskins & Sells LLP—issued a clean, unqualified audit opinion, which reflects a strong financial reporting process and operational discipline.
Financial Prudence and Strategic Initiatives
The Hero FinCorp Financial Update FY25 goes beyond just numbers. It outlines several strategic initiatives designed to bolster long-term stability and investor trust:
- Planned Capital Raise via Private Placement
The Board approved the issuance of Commercial Papers and Non-Convertible Debentures (NCDs) on a private placement basis across multiple tranches in FY25-26. This move positions the company for continued growth and liquidity optimization without over-leveraging. - Regulatory and Disclosure Compliance
Hero FinCorp submitted multiple disclosures as per SEBI mandates, including:- Utilization of proceeds and confirmation of no material deviation (Regulation 52(7) and 52(7A))
- Security cover details for non-convertible debt (Regulation 54)
- Disclosure of Related Party Transactions (Regulation 23(9))
- Changes in Senior Management
The Board acknowledged the resignation of two key personnel:- Mr. Anurag Agarwal resigned from the post of Head – Internal Audit.
- Ms. Srishti Sethi stepped down as Chief Risk Officer.
Governance, Transparency, and Stakeholder Communication
The Hero FinCorp Annual Report FY24-25 also underlines the company’s commitment to governance and transparency. As per Regulation 52(8), the audited results will be published in prominent newspapers and made accessible on the company’s official website. This reflects Hero FinCorp’s broader mission to keep stakeholders well-informed and engaged.
By aligning its practices with SEBI regulations and maintaining open channels of communication, Hero FinCorp continues to set a high bar in investor relations.
Conclusion
The Hero FinCorp Financial Update FY25 signals a year of robust financial performance, strategic foresight, and unwavering compliance. From paying dividends to equity and preference shareholders to initiating future-ready funding strategies, the company’s approach remains balanced and growth-oriented.
As the NBFC sector navigates evolving challenges and regulatory frameworks, Hero FinCorp’s ability to remain agile while adhering to governance standards makes it a name to watch in India’s financial services landscape.
