Source Name: MAS Financial Services Limited
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MAS Financial Services Q3FY23 PAT up 28 percent to Rs. 51.25 Cr., Y-o-YThe consolidated AUM of the company crossed ` 8000 Crore during the quarter | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ahmedabad, Gujarat, India The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialized in MSME financing, announced today the unaudited financial results for the quarter ended 31st December, 2022.
The consistent financial performance during all the past turbulent period is the testimony of the strong fundamentals of the company; which is being followed over two decades. We witnessed a healthy growth in business activities across the segments we serve, during the quarter. The disbursement was ` 2221.58 Crore during the quarter ended 31st December 2022 as compared to ` 1598.72 Crore during the corresponding period.
Performance Highlights MAS Financial Services Limited reports Assets under Management (AUM) of ` 7606.04 Crore and profit 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.
(` in CR)
(` in CR)
*Represents underlying assets in each of the categories. As on 31st December, 2022 39.03% of the total underlying assets is through various NBFCs.
Note on MAS Rural Housing and Mortgage Finance Limited (Subsidiary)
The Board of Directors of MAS Rural Housing and Mortgage Finance Limited in their meeting held on January 25, 2023 took on record the unaudited Financial Results of the company for quarter ended 31st December, 2022.
Performance Highlights MAS Rural Housing and Mortgage Finance Limited reports Assets under Management (AUM) of ` 400.84 Crore and profit 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.
( in CR)
Commenting on the performance, Mr. Kamlesh Gandhi - Founder, Chairman & Managing Director, MAS Financial said, “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 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.”
The working of this quarter very aptly demonstrated our conviction to grow at a consistent CAGR of 20-25% based on the strong enablers’ namely high capital adequacy, excellent asset quality accompanied by strong liability management and the niche expertise to serve the huge MSME market.
Team MAS remains committed to its mission of excellence through endeavours. |
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