MAS Financial Services Ltd. Q2FY25 PAT Jumps 25.31% to Rs. 77.62 Crores

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 2024.

118 Quarters of Consistent Financial Performance is the testimony of the strong fundamentals of the company, which has been followed over more than two and half decades. We witnessed a healthy growth in business activities across the segments we serve, during the quarter. The consolidated disbursement was Rs. 3082.53 Crores during the quarter ended 30th September 2024.

Performance Highlights – (Consolidated)

MAS Financial Services Limited on a consolidated basis reports Assets under Management (AUM) of Rs. 11681.18 Crores and Profit after Tax (PAT) of Rs. 77.62 Crores for the quarter ended 30th September 2024 from Rs. 9547.07 Crores and Rs. 61.94 Crores respectively for the quarter ended 30th September 2023.

• A Growth of 22.35 % in AUM and 25.31 % in PAT over the corresponding period of the previous year.

MAS Financial Services Limited reports Assets under Management (AUM) of Rs. 11016.65 Crores and Profit after Tax (PAT) of Rs. 76.57 Crores for the quarter ended 30th September 2024 from Rs. 9046.19 Crores and Rs. 60.01 Crores respectively for the quarter ended 30th September 2023. The AUM as on 30th June 2024 was Rs. 10383.59 Crores. The standalone disbursement was Rs. 3022.13 Crores during the quarter ended 30th September 2024.

• A Growth of 21.78 % in AUM and 27.60 % in PAT over the corresponding period of the previous year.
• Capital Adequacy Ratio (including Tier II capital) as of 30th September 2024 stood at 26.52%. The Tier-I capital stood at 23.76%.
• The portfolio quality remained stable and strong at 2.36% gross stage 3 assets and 1.57% net stage 3 assets of AUM as compared to 2.29% gross stage 3 assets and 1.52% net stage 3 assets of AUM as on 30th June 2024.
• The company continues to carry a management overlay of Rs. 17.60Crores as on 30th September 2024, 0.20% of the on book assets.

(in Crores)

Particulars	Q2’25	Q2’24 ADVERTISEMENT	YoY	FY24
Assets Under Management	11016.65	9046.19	21.78%↑	10125.61
Total Income	366.95	296.52	23.75%↑	1,229.28
Profit Before Tax	102.07	80.02	27.56%↑	331.42
Profit After Tax	76.57	60.01	27.60%↑	247.75 ADVERTISEMENT

(in Crores)

*Represents underlying assets in each of the categories. As on 30th September 2024, 33.91% of the total underlying assets are through various NBFCs.

The MSME segment contributed ~62% in the YoY AUM growth of the company while other products also contributed meaningfully.

MAS Rural Housing and Mortgage Finance Limited reports Assets under Management of Rs. 664.53 Crores and Profit after Tax of Rs. 2.37 Crores for the quarter ended 30th September 2024 from Rs. 500.87 Crores and Rs. 1.90 Crores respectively for the quarter ended 30th September 2023.

• A very strong growth of 32.67% in AUM and 24.63% in PAT over the corresponding period of the previous year.
• Capital Adequacy Ratio (including Tier II capital) as on 30th September 2024 stood at 33.68 %. The Tier-I capital stood at 28.19 %.
• The portfolio quality remained stable and strong at 0.93% gross stage 3 assets and 0.68% net stage 3 assets of AUM as compared to 0.90% gross stage 3 assets and 0.65% net stage 3 assets of AUM as on 30th June 2024.
• The company continues to carry a management overlay of Rs. 3.00 Crores as on 30th September 2024, 0.61% of the on book assets.

(in Crores)