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MAS Financial Services Consolidated AUM Crosses` 9500 Crore During the Quarter; PAT up by 20.98% to 61.94 in Q2FY24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 30th September 2023.
The consistent financial performance is the testimony of the strong fundamentals of the company, which has been followed over more than two decades. We witnessed a healthy growth in business activities across the segments we serve during the quarter. The consolidated disbursement was `2558.22 Crore during the quarter ended 30th September 2023.
Performance Highlights – (Consolidated) MAS Financial Services Limited on a consolidated basis reports Assets under Management (AUM) of Rs. 9547.07 Crore and profit after tax (PAT) of Rs. 61.94 Crore for the quarter ended 30th September 2023 from Rs. 7518.04 Crore and Rs. 51.20 Crore respectively for the quarter ended 30th September 2022.
Performance Highlights – MAS Financial Services limited (Standalone) MAS Financial Services Limited reports Assets under Management (AUM) of Rs. 9046.19 Crore and profit after tax (PAT) of Rs. 60.01 Crore for the quarter ended 30th September 2023 from Rs. 7138.11 Crore and Rs. 48.75 Crore respectively for the quarter ended 30th September 2022. The AUM as on 31st March 2023 was Rs. 8092.56 Crore.
(` in Crore)
(` in Crore)
*Represents underlying assets in each of the categories. As on 30th September 2023 36.55% of the total underlying assets is through various NBFCs.
Performance Highlights – MAS Rural Housing and Mortgage Finance Limited (Standalone) MAS Rural Housing and Mortgage Finance Limited reports Assets under Management (AUM) of Rs. 500.87 Crore and profit after tax of Rs. 1.90 Crore for the quarter ended 30th September 2023 from Rs. 379.93 Crore and Rs. 2.53 Crore respectively for the quarter ended 30th September 2022.
(` in Crore)
*- Contraction in profit by ` 0.63 Crores due to higher operating expenditure YoY on account of expansion in branch network & increase in employee count
Commenting on the performance, Mr. Kamlesh Gandhi - Founder, Chairman & Managing Director, MAS Financial said, “The strong and consistent compounding performance demonstrated across cycles over two and half decades, with very strong fundamentals forms the base for the robust and large scale growth of the company thus creating value for all its stake holders going forward. Team MAS remains committed to its mission of excellence through endeavors.” |
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