Non-banking Financial company Mas Financial Services announced Q1FY24 results: Consolidated Q1FY24: Disbursement was Rs 2,334.50 crore during Q1FY24. Assets under Management (AUM) of Rs 8,867.94 crore in Q1FY24 compared to Rs 7,025.14 crore in Q1FY23, up 26.23% YoY. Profit after tax (PAT) of Rs 57.56 crore for Q1FY24 from Rs 45.91 crore for Q1FY23, up 25.38% YoY. Standalone Q1FY24: AUM of Rs 8,417.85 crore for Q1FY24 from Rs 6,683.92 crore in Q1FY23, up 25.94% YoY. PAT of Rs 57.25 crore for Q1FY24 from Rs 46.11 crore Q1FY23, up 24.16% YoY. Capital Adequacy Ratio (including Tier II capital) as of June 30, 2023 stood at 25.31%. The Tier-I capital stood at 21.11%. The portfolio quality remained stable and strong at 2.13% gross stage 3 assets and 1.47% net stage 3 assets of AUM as compared to 2.15% gross stage 3 assets and 1.52% net stage 3 assets of AUM as on March 31, 2023. The company continues to carry a management overlay of Rs 21.46 crore as on June 30, 2023, 0.32% of the total on-book assets. Commenting on the performance, Kamlesh Gandhi - Founder, Chairman & Managing Director, MAS Financial said, "The continuous and consistent performance of the company demonstrated during this quarter is the function of the strong fundamentals and a very prudent approach of "Extending credit where it is due". We visualize a very strong and consistent growth going forward continuing our legacy of more than two decades. Team MAS remains committed to its mission of excellence through endeavors." Result PDF
Non-banking financial company Mas Financial Services announced Q4FY23 & FY23 results: The disbursement was Rs 2,491.72 crore during Q4FY23 as compared to Rs 1,962.33 crore during Q4FY22 Mas Financial Services reports assets under management (AUM) of Rs 8,092.56 crore. The AUM as on December 31, 2022, was Rs 7,606.04 crore. Profit after tax (PAT) of Rs 200.96 crore for FY23 vs Rs 157.55 crore for FY22. A growth of 29.55% in AUM and 27.55% in PAT over FY22 For Q4FY23, the PAT was Rs 55.55 crore - a growth of 23.44% over Q4FY22 Capital adequacy ratio (including Tier ll capital) as of March 31, 2023, stood at 25.25%. The Tier-I capital stood at 20.79% In consonance with our policy of rewarding the shareholders, the board has recommended a final dividend of 18.50% at Rs 1.85 per share Commenting on the performance, Kamlesh Gandhi - Founder, Chairman & Managing Director, Mas Financial Services, said, "We have over two & half decades demonstrated that "CONSISTENTLY AND STEADILY IS THE FASTEST WAY TO REACH WHERE YOU WANT TO". Crossing Rs 200 crore in PAT is an important milestone in the journey of the company. The main focus continues to remain on maintaining a strong capital base, adequate liquidity, and quality of assets thus creating very strong enablers for the future growth of the company. Registering a robust growth of 25%+ this year reconfirms our conviction to demonstrate long-term consistent growth between 20%-25% across various cycles as demonstrated over more than two decades." Result PDF