Ahmedabad : The Board of Directors of MAS Financial Services Limited in their meeting held today took on record the unaudited Financial Results of the company for the Quarterended 30 June 2019. The robust financial performance even during this turbulent quarters extended from September 2018, is the testimony of the strong fundamentals of the company; which is being followed over two decades.
Given the adoption of Indian Accounting Standards,for better understanding of the performance of the comparative periods: we have hereby provided both operational highlights:as per IND-As andas per previous GAAP for the quarter ended 30 June 2019.
Disclaimer: The figures represented as per I-GAAP are based on management reports and have not been subject to review by the auditors.
As per IND-As
MAS Financial Services Limited reportsAssets under Management (AUM) of Rs5578.21 Crore and profit after tax of Rs40.73 Crore for the quarter ended 30 June 2019 from Rs4317.00 Crore and Rs30.46 Crore respectively for quarter ended 30June 2018 – A Growth of 29.22% and 33.70% over corresponding period of previous year respectively
Performance Highlights:
upDisbursement (Net) made during Q1 FY 20 up 20.59% toRs1200.67 Crore from Rs995.67 Crore in Q1 FY19.
Assets under Management (AUM) as of 30 June, 2019 up29.22% to Rs5578.21 Crore from Rs4317.00 Crore as on 30 June, 2018 with Gross Stage 3 Assets and Net Stage 3 Assetsas of 30 June, 2019 at 1.39 % and 1.14% respectively. The Gross Stage 3 Assets and Net Stage 3 Assetsstood at 1.24 %* and 1.11%* as of 30 June, 2018.
(*Recasted as per Ind-As criteria applied as on Q1 FY 2020)
Total Income for Q1 FY20 up33.11% to Rs159.23 Crore from Rs119.63 Crore in Q1 FY 19.
Profit After Tax for Q1 FY 20 up33.70 % to Rs40.73 Crore from Rs30.46 Crore in Q1 FY 19.
Capital Adequacy Ratio (including Tier II capital) as of 30 June, 2019 stood at 27.97%. The Tier-I capital stood at 26.54%.
(Rs in CR)
| Particulars | Q1’20 | Q1’19 | QoQ | FY 19 |
| Assets Under Management | 5578.21 | 4317.00 | 29.22% | 5,338.37 |
| Total Income | 159.23 | 119.63 | 33.11% | 572.58 |
| Profit Before Tax | 62.66 | 46.84 | 33.77% | 233.93 |
| Profit After Tax | 40.73 | 30.46 | 33.70% | 152.11 |
| Gross Stage 3 Assets% to AUM | 1.39% | 1.24%* | 12.34% | 1.39% |
| Net Stage 3 Assets% to AUM | 1.14% | 1.11%* | 2.34% | 1.14% |
*Recasted as perInd-As criteria applied as on Q1 FY 2020
| Asset Under Management (AUM)* | Jun-19 | Jun-18 | QoQ |
| Micro-Enterprise loans | 3595.46 | 2752.95 | 30.60% |
| SME loans | 1375.48 | 1025.46 | 34.13% |
| 2-Wheeler loans | 455.17 | 391.60 | 16.23% |
| Commercial Vehicle loans | 152.10 | 146.99 | 3.48% |
| TOTAL AUM | 5578.21 | 4317.00 | 29.22% |
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
