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