Summary:
Ahmedabad, Gujarat, India (NewsVoir) • The consolidated AUM of the company crossed ` 7000 Crore during the quarter.
• A strong growth of 29% YOY.
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 June, 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 segment which we serve during the quarter.
The same was reflected in disbursement which stood at ` 2153.73 Crore during the quarter ended 30th June 2022 as compared to ` 1041.37 Crore during the corresponding period.
Disbursement during March 22 quarter was ` 1962.33 Crore.
Performance Highlights MAS Financial Services Limited reports Assets under Management (AUM) of ` 6683.92 Crore and profit after tax of ` 46.52 Crore for the quarter ended 30th June 2022 from ` 5161.63 Crore and ` 36.83 Crore respectively for the quarter ended 30th June 2021.
The AUM as on 31st March 2022 was ` 6246.80 Crore.
• A Growth of 29.49 % in AUM and 26.33 % in PAT over the corresponding period of the previous year.
• Capital Adequacy Ratio (including Tier II capital) as of 30th June, 2022 stood at 25.28 %.
The Tier-I capital stood at 22.49%.
• The NPA and Stage 3 classification criteria followed by the Company was in compliance with RBI circular RBI/2021-22/125 DOR/STR/REC.68/21.04.048/2021-22 dated November 12, 2021.
• The portfolio quality remained stable and strong despite of the prolonged ongoing crisis followed by the unprecedented pandemic situation at 2.27% gross stage 3 assets and 1.63 % net stage 3 assets of AUM as compared to 2.28% gross stage 3 assets and 1.70% net stage 3 assets of AUM as on 31st March 2022.
• The company continues to carry buffer provision (COVID provision) of ` 33.95 Crore as on 30th June 2022 which is 0.62% of the total on book assets.
(` in CR) Particulars Q1"23 Q1"22 QoQ FY 22 Assets Under Management 6683.92 5161.63 29.49%? 6246.80 Total Income 198.33 148.50 33.56%? 657.45 Profit Before Tax 62.26 49.53 25.69%? 211.67 Profit After Tax 46.52 36.83 26.33%? 157.83 (` in CR) Asset Under Management (AUM)* Jun-22 Jun-21 YoY Micro-Enterprise loans 3519.12 2761.86 27.42%? SME loans 2445.91 1813.06 34.91%? 2-Wheeler loans 386.43 374.96 3.06%? Commercial Vehicle loans 332.45 211.76 56.99%? Total AUM 6683.92 5161.63 29.49%? *Represents underlying assets in each of the category.