MAS Financial Services Q3FY23 PAT up 28 percent to Rs. 51.25 Cr., Y-o-Y

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 31^st December, 2022.

The constant monetary efficiency throughout all of the previous turbulent interval is the testimony of the sturdy fundamentals of the corporate; which is being adopted over 20 years. We witnessed a wholesome progress in enterprise actions throughout the segments we serve, through the quarter. The disbursement was 2221.58 Crore through the quarter ended 31^st December 2022 as in contrast to 1598.72 Crore through the corresponding interval.

MAS Financial Services Limited stories Assets below Management (AUM) of 7606.04 Crore and revenue after tax of 51.25 Crore for the quarter ended 31^st December 2022 from 5742.08 Crore and 40.10 Crore respectively for the quarter ended 31^st December 2021. The AUM as on 30^th September 2022 was 7138.11 Crore.

• A Growth of 32.46% in AUM and 27.80% in PAT over the corresponding interval of the earlier 12 months.

• Capital Adequacy Ratio (together with Tier II capital) as of 31^st December, 2022 stood at 24.47%. The Tier-I capital stood at 21.21%.

• The portfolio high quality remained steady and robust regardless of of the extended ongoing disaster adopted by the unprecedented pandemic state of affairs at 2.23% gross stage 3 property and 1.60 % internet stage 3 property of AUM as in contrast to 2.26% gross stage 3 property and 1.60% internet stage 3 property of AUM as on 30^th September 2022.

• The firm continues to carry buffer provision (COVID provision) as on 31^st December 2022 of 0.34% of the overall on ebook property.

( in CR)

Particulars	Q323	Q322	QoQ	9M23	9M22	9Mo9M	FY 22
Assets Under Management	7606.04	5742.08	32.46%↑	7606.04	5742.08	32.46%↑	6246.80
Total Income	252.42	171.78	46.95%↑	680.77	477.03	42.71%↑	657.45
Profit Before Tax	68.53	53.88	27.21%↑	196.22	154.93	26.65%↑	211.67
Profit After Tax	51.25	40.10	27.80%↑	146.85	115.25	27.41%↑	157.83

( in CR)

Asset Under Management (AUM)*	Dec-22	Dec-21	YoY
Micro-Enterprise loans	3777.12	2874.66	31.39%↑
SME loans	2840.69	2274.32	24.90%↑
2-Wheeler loans	501.57	362.87	38.22%↑
Commercial Vehicle loans	291.84	230.23	26.76%↑
Salaried Personal Loans	194.82	0.00	New product Segment↑
TOTAL AUM	7606.04	5742.08	32.46%↑

• Dividend: In consonance to our coverage of rewarding the shareholders the board has declared interim dividend of 18.00 % @ 1.80 per share.

Note on MAS Rural Housing and Mortgage Finance Limited (Subsidiary)

The Board of Directors of MAS Rural Housing and Mortgage Finance Limited of their assembly held on January 25, 2023 took on document the unaudited Financial Results of the corporate for quarter ended 31^st December, 2022.

MAS Rural Housing and Mortgage Finance Limited stories Assets below Management (AUM) of 400.84 Crore and revenue after tax of 1.59 Crore for the quarter ended 31^st December 2022 from 306.92 Crore and 1.04 Crore respectively for quarter ended 31^st December 2021.

• A progress of 30.60% in AUM and 52.75% in PAT over the corresponding interval of the earlier 12 months.

• Capital Adequacy Ratio (together with Tier II capital) as of 31^st December 2022 stood at 42.46%. The Tier-I capital stood at 31.02%.

• The portfolio high quality remained steady and robust regardless of of the extended ongoing disaster adopted by the unprecedented pandemic state of affairs at 0.62% gross stage 3 property and 0.47% internet stage 3 property of AUM as in contrast to 0.59% gross stage 3 property and 0.42% internet stage 3 property of AUM as on 30^th September 2022.

• The firm continues to carry buffer provision (COVID provision) as on 31^st December 2022 of 0.93% of the overall on ebook property.

( in CR)

Particulars	Q323	Q322	QoQ	9M23	9M22	9Mo9M	FY 22
Assets Under Management	400.84	306.92	30.60%↑	400.84	306.92	30.60%↑	316.34
Total Income	11.11	8.86	25.38%↑	30.50	26.97	13.09%↑	35.83
Profit Before Tax	2.00	1.33	50.76%↑	5.55	4.28	29.57%↑	5.78
Profit After Tax	1.59	1.04	52.75%↑	4.34	3.34	29.69%↑	4.56

The working of this quarter very aptly demonstrated our conviction to develop at a constant CAGR of 20-25% primarily based on the sturdy enablers’ specifically excessive capital adequacy, wonderful asset high quality accompanied by sturdy legal responsibility administration and the area of interest experience to serve the massive MSME market.

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