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Mas Financial Services Reported PAT of Rs. 40.73 Cr in Q1

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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 Quarter ended 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 and as 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.

MAS Financial Services Limited reports assets under Management (AUM) of Rs 5578.21 Crore and profit after tax of Rs 40.73 Crore for the quarter ended 30 June 2019 from Rs 4317.00 Crore and Rs 30.46 Crore respectively for quarter ended 30 June 2018 – A Growth of 29.22% and 33.70% over the corresponding period of the previous year respectively.

Performance Highlights:

 Ø  upDisbursement (Net) made during Q1 FY 20 up 20.59% toRs1200.67 Crore from Rs995.67 Crore in Q1 FY19.

Ø  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)

Ø  Total Income for Q1 FY20 up33.11% to Rs159.23 Crore from Rs119.63 Crore in Q1 FY 19.

Ø  Profit After Tax for Q1 FY 20 up33.70 % to Rs40.73 Crore from Rs30.46 Crore in Q1 FY 19.

 Ø  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)

ParticularsQ1’20Q1’19QoQFY 19
Assets Under Management5578.214317.0029.22%5,338.37
Total Income159.23119.6333.11%572.58
Profit Before Tax62.6646.8433.77%233.93
Profit After Tax40.7330.4633.70%152.11
Gross Stage 3 Assets% to AUM1.39%1.24%*12.34%1.39%
Net Stage 3 Assets% to AUM1.14%1.11%*2.34%1.14%

*Recasted as perInd-As criteria applied as on Q1 FY 2020

Asset Under Management (AUM)*Jun-19Jun-18QoQ
Micro-Enterprise loans3595.462752.9530.60%
SME loans1375.481025.4634.13%
2-Wheeler loans455.17391.6016.23%
Commercial Vehicle loans152.10146.993.48%
TOTAL AUM5578.214317.0029.22%

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