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MAS Financial Reports a Strong Growth in Q3FY24 with 27.63% Jump in AUM & 24.15% in PAT; Consolidated AUM Crosses Rs. 10,000 Crore During the Quarter

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MAS Financial Reports a Strong Growth in Q3FY24 with 27.63% Jump in AUM & 24.15% in PAT; Consolidated AUM Crosses Rs. 10,000 Crore During the Quarter
MAS Financial Reports a Strong Growth in Q3FY24 with 27.63% Jump in AUM & 24.15% in PAT; Consolidated AUM Crosses Rs. 10,000 Crore During the Quarter


The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialised in MSME financing, introduced at this time the unaudited monetary outcomes for the quarter ended 31st December 2023.


 


This quarter witnessed a essential milestone of Rs. 10,000 crores in AUM being crossed by the firm. We took this chance to reward the shareholders by issuing bonus shares in the ratio of two:1 (i.e. Two Bonus shares for each One share held). The constant monetary efficiency is the testimony of the robust fundamentals of the firm, which has been adopted over greater than two and half many years. We witnessed a wholesome development in enterprise actions throughout the segments we serve, throughout the quarter. The consolidated disbursement was Rs. 2724 Crore throughout the quarter ended 31st December 2023.


 


Performance Highlights – (Consolidated)


MAS Financial Services Limited on a consolidated foundation stories Assets beneath Management (AUM) of ` 10216.05 Crore and Profit after Tax (PAT) of Rs. 64.41 Crore for the quarter ended 31st December 2023 from Rs. 8004.59 Crore and Rs. 51.88 Crore respectively for the quarter ended 31st December 2022.

 


 


Performance Highlights – MAS Financial Services restricted (Standalone)


MAS Financial Services Limited stories Assets beneath Management (AUM) of Rs. 9672.03 Crore and Profit after Tax (PAT) of Rs. 62.44 Crore for the quarter ended 31st December 2023 from Rs. 7606.04 Crore and Rs. 50.55 Crore respectively for the quarter ended 31st December 2022. The AUM as on 30th September 2023 was Rs. 9046.19 Crore.

 


  • A Growth of 27.16% in AUM and 23.52% in PAT over the corresponding interval of the earlier yr.


  • Capital Adequacy Ratio (together with Tier II capital) as of 31st December 2023 stood at 24.47%. The Tier-I capital stood at 20.59%.


  • The portfolio high quality remained steady and robust at 2.23% gross stage 3 property and 1.48% internet stage 3 property of AUM as in contrast to 2.17% gross stage 3 property and 1.47% internet stage 3 property of AUM as on 30th September 2023.


  • The firm continues to hold a administration overlay of Rs. 18.79 crore as on 31st December, 2023, 0.25% of the whole on e book property.

     


(Rs. in Crore) 









Particulars


Q3’24


Q3’23


YoY


9MFY24


9MFY23


YoY


FY 23


Assets Under Management


9672.03


7606.04


27.16%


9672.03


7606.04


27.16%


8092.56


Total Income


325.77


251.47


29.55%


904.00


678.84


33.17%


949.09


Profit Before Tax


84.51


 67.58


25.05%


240.33


194.29


23.70%


264.70


Profit After Tax


62.44


 50.55


23.52%


179.70


145.41


23.58%


200.96


 


 (Rs. in Crore)











Asset Under Management (AUM)*


December-23


December-22


YoY


Micro-Enterprise Loans


4344.68


3777.12


15.03%


SME Loans


3450.30


2840.69


21.46%


2-Wheeler Loans


670.90


501.57


33.76%


Commercial Vehicle Loans


661.70


291.84


126.73%


Salaried Personal Loans**


544.46


194.82


179.47%


TOTAL AUM


9672.03


7606.04


27.16%




*Represents underlying property in every of the classes. As on 31st December 2023, 34.17% of the whole underlying property are by way of numerous NBFCs.


**New Product Segment

The MSME phase contributed ~60% in the YoY AUM development of the firm whereas different merchandise additionally contributed meaningfully.


 


Performance Highlights – MAS Rural Housing and Mortgage Finance Limited (Standalone)


MAS Rural Housing and Mortgage Finance Limited stories Assets beneath Management of Rs. 544.02 Crore and Profit after Tax of Rs. 2.01 Crore for the quarter ended 31st December 2023 from Rs. 398.55 Crore and Rs. 1.44 Crore respectively for the quarter ended 31st December 2022.

 


  • A development of 36.50% in AUM and 39.77% in PAT over the corresponding interval of the earlier yr.


  • Capital Adequacy Ratio (together with Tier II capital) as on 31st December, 2023 stood at 31.52%. The Tier-I capital stood at 23.66%.


  • The portfolio high quality remained steady and robust at 0.81% gross stage 3 property and 0.58% internet stage 3 property of AUM as in comparison with 0.79% gross stage 3 property and 0.55% internet stage 3 property of AUM as on 30th September 2023. 


  • The firm continues to hold a administration overlay of Rs. 2.99 crore as on 31st December, 2023, 0.72% of the whole on e book property.




(Rs. in Crore)









Particulars


Q3’24


Q3’23


YoY


9MFY24


9MFY23


YoY


FY 23


Assets Under Management


544.02


398.55


36.50%


544.02


398.55


36.50%


413.34


Total Income


16.42


10.91


50.57%


44.77


31.35


42.82%


43.75


Profit Before Tax


2.47


 1.80


37.05%


6.95


6.39


8.77%


8.09


Profit After Tax


2.01


 1.44


39.77%


5.50


4.97


10.61%


6.34


 


Commenting on the efficiency, Mr. Kamlesh Gandhi – Founder, Chairman & Managing Director, MAS Financial stated, “As we usher in to the subsequent part, submit reaching an necessary milestone of Rs. 10,000 crores in AUM; we’re assured to take care of a essentially robust development momentum. Adequate capitalization, robust asset high quality and a observe document of greater than 25 years to navigate throughout numerous cycles will guarantee the identical thus creating worth on a massive scale for all its stakeholders. Team MAS stays dedicated to its mission of excellence by way of endeavors.”

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