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
Conference Call with Mas Financial Services Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Finance company Mas Financial Services announced FY24 & Q4FY24 results: Financial Highlights: Consolidated Results: Consolidated Assets under Management (AUM): Rs 10,721.90 crore (26.05% growth YoY). Consolidated Profit after Tax (PAT): Rs 70.10 crore for Q4 FY24; FY 2023-24 PAT stands at Rs 254.01 crore (23.37% growth YoY). Standalone Results: Standalone Assets under Management (AUM): Rs 10,125.61 crore (25.12% growth YoY). Standalone Profit after Tax (PAT): Rs 68.05 crore for Q4 FY24 (22.50% growth YoY). Financial Ratios Capital Adequacy Ratio (including Tier II capital): 24.05% as of March 31, 2024. Tier-I capital: 20.33%. Portfolio Quality Gross Stage 3 assets (Q4 FY24): 2.25% of AUM. Net Stage 3 assets (Q4 FY24): 1.51% of AUM. Management Overlay Management overlay as of March 31, 2024: Rs 18.79 crore (0.24% of on-book assets). Category-wise AUM Breakdown Micro-Enterprise Loans: Rs 4,385.11 crore (13.19% growth YoY). SME Loans: Rs 3,733.86 crore (25.02% growth YoY). Two-Wheeler Loans: Rs 670.12 crore (20.88% growth YoY). Commercial Vehicle Loans: Rs 747.66 crore (100.72% growth YoY). Salaried Personal Loans: Rs 588.86 crore (93.13% growth YoY). Kamlesh Gandhi Founder, Chairman & Managing Director said, "As we usher into the next phase, post reaching an important milestone of 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. Team MAS remains committed to its mission of excellence through endeavors." Result PDF