MAS Financial Services Limited Consolidated AUM Crosses ` 8800 Crore During Q1FY24
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The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialised in MSME financing, introduced in the present day the unaudited monetary outcomes for the quarter ended 30th June 2023.
The constant monetary efficiency throughout all of the previous turbulent interval is the testimony of the robust fundamentals of the corporate, which has been adopted over greater than 20 years. We witnessed a wholesome progress in enterprise actions throughout the segments we serve in the course of the quarter. The consolidated disbursement was ` 2334.50 Crore in the course of the quarter ended 30th June 2023.
Performance Highlights – (Consolidated)
MAS Financial Services Limited on a consolidated foundation reviews Assets beneath Management (AUM) of ` 8867.94 Crore and revenue after tax (PAT) of ` 57.56 Crore for the quarter ended 30th June 2023 from ` 7025.14 Crore and ` 45.91 Crore respectively for the quarter ended 30th June 2022.
Performance Highlights – MAS Financial Services restricted (Standalone)
MAS Financial Services Limited reviews Assets beneath Management (AUM) of ` 8417.85 Crore and revenue after tax (PAT) of ` 57.25 Crore for the quarter ended 30th June 2023 from ` 6683.92 Crore and ` 46.11 Crore respectively for the quarter ended 30th June 2022. The AUM as on 31st March 2023 was ` 8092.56 Crore.
A Growth of 25.94% in AUM and 24.16% in PAT over the corresponding interval of the earlier yr.
Capital Adequacy Ratio (together with Tier II capital) as of 30th June 2023 stood at 25.31%. The Tier-I capital stood at 21.11%.
The portfolio high quality remained steady and powerful at 2.13% gross stage 3 belongings and 1.47% web stage 3 belongings of AUM as in contrast to 2.15% gross stage 3 belongings and 1.52% web stage 3 belongings of AUM as on 31st March 2023.
The firm continues to hold a administration overlay of ` 21.46 crore as on 30th June, 2023, 0.32% of the overall on ebook belongings.
(` in Crore)
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(` in Crore)
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*Represents underlying belongings in every of the classes. As on 30th June, 2023 37.18% of the overall underlying belongings is thru numerous NBFCs.
Performance Highlights – MAS Rural Housing and Mortgage Finance Limited (Standalone)
MAS Rural Housing and Mortgage Finance Limited reviews Assets beneath Management (AUM) of ` 450.10 Crore and revenue after tax of ` 1.59 Crore for the quarter ended 30th June 2023 from ` 341.22 Crore and ` 1.01 Crore respectively for the quarter ended 30th June 2022.
A progress of 31.91% in AUM and of 57.97% in PAT over the corresponding interval of the earlier yr.
Capital Adequacy Ratio (together with Tier II capital) as of 30th June, 2023 stood at 39.00%. The Tier-I capital stood at 28.86%.
The portfolio high quality remained steady and powerful at 0.71% gross stage 3 belongings and 0.50% web stage 3 belongings of AUM as in comparison with 0.70% gross stage 3 belongings and 0.52% web stage 3 belongings of AUM as on 31st March 2023.
The firm continues to hold a administration overlay of ` 3.12 crore as on 30th June, 2023, 0.87% of the overall on ebook belongings.
(` in Crore)
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Commenting on the efficiency, Mr. Kamlesh Gandhi – Founder, Chairman & Managing Director, MAS Financial mentioned, “The steady and constant efficiency of the corporate demonstrated throughout this quarter is the perform of the robust fundamentals and a really prudent method of “Extending credit score the place it’s due”. We visualize a really robust and constant progress going ahead persevering with our legacy of greater than 20 years.”
Team MAS stays dedicated to its mission of excellence by way of endeavors.
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