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NSE Aug 16, 2022 11:49 AM
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Rapid Results Alerts
Mas Financial Services Ltd.    
03 Aug 2022

Mas Financial Services announced Q1FY23 results:

  •  Assets under Management (AUM) of Rs 6683.92 Crore and profit after tax of Rs 46.52 Crore for the quarter ended 30 June 2022 from Rs 5161.63 Crore and Rs 36.83 Crore respectively for the quarter ended 30 June 2021
  • A Growth of 29.49 % in AUM and 26.33 % in PAT over the corresponding period of the previous year.
  • Capital Adequacy Ratio (including Tier ll capital) as of 30 June 2022 stood at 25.28%. The Tier-l capital stood at 22.49%
  • The NPA and Stage 3 classification criteria followed by the Company was in compliance with RBI circular RBI/2027-221L25 DOR/STR/REC.68/21.04.048/2021-22 dated November 12, 2021.
  • The portfolio quality remained stable and strong despite of the prolonged ongoing crisis followed by the unprecedented pandemic situation a 2.27% gross stage 3 assets and 1.63 % net stage 3 assets of AUM as compared to 2.28% gross stage 3 assets and 1.70 % net stage 3 assets of AUM as on 31 March 2022.
  • The company continues to carry buffer provision (COVID provision) of Rs 33.95 Crore as on 30 June 2022 which is 0.62% of the to total book assets.

Commenting on the performance, Mr. Kamlesh Gandhi - Founder, Chairman & Managing Director, MAS Financial said We have over two & half decades demonstrated that "CONSISTENTLY AND STEADILY lS THE FASTEST WAY TO REACH WHERE YOU WANT TO"

"As shared earlier we have the strong conviction that the company has excellent enablers to grow at a consistent CAGR of 20-25%, the same was very aptly demonstrated in the working of this quarter and are confident for the same going forward. In consonance with our mission and vision to constantly endeavor to create value for stakeholders on a very large scale through efficient last mile delivery of credit, the main focus of the company continues to remain on maintaining strong capital base, adequate liquidity and quality of assets."

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