MAS Financial Services Q2FY23 PAT up 28.04% to Rs. 49.07 Cr., Y-o-Y

The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialised in MSME financing, introduced right now the unaudited monetary outcomes for the quarter ended 30^th September, 2022.

The constant monetary efficiency throughout all of the previous turbulent interval is the testimony of the robust fundamentals of the corporate; which is being adopted over 20 years. We witnessed a wholesome progress in enterprise actions throughout the phase which we serve throughout the quarter. The identical was mirrored in disbursement which stood at 2261.81 Crore throughout the quarter ended 30^th September 2022 as in contrast to 1476.70 Crore throughout the corresponding interval.

MAS Financial Services Limited experiences Assets below Management (AUM) of 7138.11 Crore and revenue after tax of 49.07 Crore for the quarter ended 30^th September 2022 from 5485.18 Crore and 38.32 Crore respectively for the quarter ended 30^th September 2021. The AUM as on 30^th June 2022 was 6683.92 Crore.

• A Growth of 30.13% in AUM and 28.04% in PAT over the corresponding interval of the earlier 12 months.

• Capital Adequacy Ratio (together with Tier II capital) as of 30^th September, 2022 stood at 24.14%. The Tier-I capital stood at 21.24%.

• The NPA and Stage 3 classification standards adopted by the Company was in compliance with RBI round RBI/2021-22/125 DOR/STR/REC.68/21.04.048/2021-22 dated November 12, 2021.

• The portfolio high quality remained secure and powerful regardless of of the extended ongoing disaster adopted by the unprecedented pandemic scenario at 2.26% gross stage 3 belongings and 1.60% web stage 3 belongings of AUM as in contrast to 2.27% gross stage 3 belongings and 1.63% web stage 3 belongings of AUM as on 30^th June 2022.

• The firm continues to carry buffer provision (COVID provision) as on 30^th September 2022 of 0.37 % of the full on ebook belongings.

( in CR)

Particulars	Q223	Q222	QoQ	H123	H122	HoH	FY 22
Assets Under Management	7138.11	5485.18	30.13%↑	7138.11	5485.18	30.13%↑	6246.80
Total Income	230.02	156.76	46.73%↑	428.35	305.25	40.33%↑	657.45
Profit Before Tax	65.43	51.53	26.98%↑	127.68	101.06	26.35%↑	211.67
Profit After Tax	49.07	38.32	28.04%↑	95.59	75.15	27.20%↑	157.83

( in CR)

Asset Under Management (AUM)*	Sept-22	Sept-21	YoY
Micro-Enterprise loans	3589.71	2893.38	24.07%↑
SME loans	2671.58	2002.69	33.40%↑
2-Wheeler loans	469.83	360.98	30.16%↑
Commercial Vehicle loans	273.56	228.13	19.91%↑
Salaried Personal Loans	133.43	0.00	New product Segment↑
TOTAL AUM	7138.11	5485.18	30.13%↑

*Represents underlying belongings in every of the class. As on thirtieth September, 2022 40.96% of the full underlying belongings is thru numerous NBFCs.

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 right now took on document the unaudited Financial Results of the corporate for quarter ended 30^th September, 2022.

MAS Rural Housing and Mortgage Finance Limited experiences Assets below Management (AUM) of 382.46 Crore and revenue after tax of 1.68 Crore for the quarter ended 30^th September 2022 from 300.26 Crore and 1.48 Crore respectively for quarter ended 30^th September 2021.

• A progress of 27.38% in AUM and 13.47% in PAT over the corresponding interval of the earlier 12 months.

• Capital Adequacy Ratio (together with Tier II capital) as of 30^th September 2022 stood at 44.38%. The Tier-I capital stood at 32.30%.

• The NPA and Stage 3 classification standards adopted by the Company was in compliance with RBI round RBI/2021-22/125 DOR/STR/REC.68/21.04.048/2021-22 dated November 12, 2021.

• The portfolio high quality remained secure and powerful regardless of of the extended ongoing disaster adopted by the unprecedented pandemic scenario at 0.59% gross stage 3 belongings and 0.42% web stage 3 belongings of AUM as in contrast to 0.54% gross stage 3 belongings and 0.38% web stage 3 belongings of AUM as on 30^th June 2022.

• The firm continues to carry buffer provision (COVID provision) as on 30^th September 2022 of 0.98% of the full on ebook belongings.

( in CR)

Particulars	Q223	Q222	QoQ	H123	H122	HoH	FY 22
Assets Under Management	382.46	300.26	27.38%↑	382.46	300.26	27.38%↑	316.34
Total Income	10.50	9.22	13.87%↑	19.39	18.11	7.07% ↑	35.83
Profit Before Tax	2.13	1.89	12.99%↑	3.54	2.95	20.04%↑	5.78
Profit After Tax	1.68	1.48	13.47%↑	2.75	2.31	19.32%↑	4.56

“Our conviction to develop at a constant CAGR of 20-25% relies on the robust enablers’ specifically excessive capital adequacy, glorious asset high quality accompanied by robust legal responsibility administration and the area of interest experience to serve the large MSME market. The identical was very aptly demonstrated within the working of this quarter and are assured for a similar going ahead. In consonance with our mission and imaginative and prescient to continually endeavor to create worth for stakeholders on a really massive scale by way of environment friendly final mile supply of credit score, the principle focus of the corporate continues to stay on sustaining robust capital base, sufficient liquidity and high quality of belongings.”

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