MAS Financial Services Q3FY23 PAT up 28 percent to Rs. 51.25 Cr., Y-o-Y
3 min readThe 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 31st 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 31st December 2022 as in contrast to 1598.72 Crore through the corresponding interval.
(*28*) Highlights
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 31st December 2022 from 5742.08 Crore and 40.10 Crore respectively for the quarter ended 31st December 2021. The AUM as on 30th 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 31st 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 30th September 2022.
The firm continues to carry buffer provision (COVID provision) as on 31st 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 31st December, 2022.
(*28*) Highlights
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 31st December 2022 from 306.92 Crore and 1.04 Crore respectively for quarter ended 31st 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 31st 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 30th September 2022.
The firm continues to carry buffer provision (COVID provision) as on 31st 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 |
Commenting on the efficiency, Mr. Kamlesh Gandhi – Founder, Chairman & Managing Director, MAS Financial mentioned, “We have over two & half decade demonstrated that “CONSISTENTLY AND STEADILY IS THE FASTEST WAY TO REACH WHERE YOU WANT TO“. In consonance with our mission and imaginative and prescient to always endeavor to create worth for stakeholders on a really giant scale by way of environment friendly final mile supply of credit score, the principle focus of the corporate continues to stay on sustaining sturdy capital base, sufficient liquidity and high quality of property.”
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.
Team MAS stays dedicated to its mission of excellence by way of endeavours.
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