Mas Financial Services announced Q1FY25 results: MAS Financial Services reports Assets under Management (AUM) of Rs 10,383.59 crore and Profit after Tax (PAT) of Rs 70.43 crore for the quarter ended 30th June 2024 from Rs 8,417.85 crore and Rs 57.25 crore respectively for the quarter ended 30th June 2023. The AUM as on 31s March 2024 was Rs 10,125.61 crore. A Growth of 23.35% in AUM and 23.02% in PAT over the corresponding period of the previous year. Capital Adequacy Ratio (including Tier I| capital) as of 30th June 2024 stood at 28.59%. The Tier-I capital stood at 25.39%. The portfolio quality remained stable and strong at 2.29% gross stage 3 assets and 1.52% net stage 3 assets of AUM as compared to 2.25% gross stage 3 assets and 1.51% net stage 3 assets of AUM as on 31st March 2024. The company continues to carry a management overlay of Rs 17.60 crore as on 30th June 2024, 0.22% of the on book assets. Commenting on the performance, Kamlesh Gandhi - Founder, Chairman & Managing Director, said: "As we usher in to the next phase, post reaching an important milestone of Rs 10,000 crore in AUM, we are confident to maintain a fundamentally strong growth momentum. Adequate capitalization, strong asset quality and a track record of more than 25 years to navigate across various cycles will ensure the same thus creating value on a large scale for all its stakeholders." Result PDF