MAS Financial Services Limited , a leading MSME financing company, has announced robust financial results for the first quarter, demonstrating consistent growth and strong performance across key metrics.

Consolidated Performance Highlights

The company reported consolidated Assets Under Management (AUM) of ₹13,298.50 crores, marking a significant 20.82% year-over-year growth from ₹11,006.72 crores in the same quarter last year. Profit After Tax (PAT) saw a healthy increase of 19.34%, reaching ₹86.59 crores compared to ₹72.56 crores in the previous year's corresponding quarter.

Standalone Performance

On a standalone basis, MAS Financial Services achieved an AUM of ₹12,504.60 crores, up 20.43% from ₹10,383.59 crores in the previous year's quarter. The company's standalone PAT grew by 19.13% to ₹83.90 crores, compared to ₹70.43 crores in the corresponding quarter of the previous year.

Key Financial Metrics

• Total Income (standalone): ₹443.77 crores, up 27.95% YoY
• Profit Before Tax (standalone): ₹112.43 crores, an increase of 19.11% YoY
• Capital Adequacy Ratio: 25.22%, with Tier-I capital at 23.19%

Portfolio Quality and Asset Mix

The company maintained a stable and strong portfolio quality with gross stage 3 assets at 2.49% and net stage 3 assets at 1.63% of AUM. MAS Financial continues to carry a management overlay of ₹17.60 crores, representing 0.17% of on-book assets.

The MSME segment remained a key growth driver, contributing approximately 60% to the year-over-year AUM growth. The company's product mix showed strong performance across various segments:

Subsidiary Performance

MAS Rural Housing and Mortgage Finance Limited, a subsidiary of MAS Financial, reported an AUM of ₹793.90 crores, representing a 27.40% year-over-year growth. The subsidiary's PAT increased by 27.04% to ₹2.76 crores.

Management Commentary

Kamlesh Gandhi, Founder, Chairman & Managing Director of MAS Financial, commented on the results: "The performance of the company even during these trying times demonstrates our capability of navigating through tough cycles successfully, which has been proven many times during this long journey of 30 years. Going forward, we are confident in maintaining our fundamentally strong growth momentum backed by very strong enablers."

MAS Financial Services also announced that its subsidiary, MASFin Insurance Broking Private Limited, has received in-principle approval from IRDAI to operate as a Direct Insurance Broker (Life & General), subject to compliance with regulatory requirements.

The company's consistent performance over 121 quarters underscores its strong fundamentals and strategic focus on the MSME financing sector. With a robust capital position and diversified product portfolio, MAS Financial Services appears well-positioned for sustained growth in the coming quarters.

MAS Financial Services Limited , a leading MSME financing company, has announced its unaudited financial results for the first quarter. The company has demonstrated strong growth and performance across key financial metrics.

Consolidated Financial Highlights

• Assets Under Management (AUM) reached ₹13,298.50 crores, marking a significant growth of 20.82% compared to ₹11,006.72 crores in the same quarter of the previous year.
• Profit After Tax (PAT) increased by 19.34% to ₹86.59 crores, up from ₹72.56 crores in the same quarter last year.
• The consolidated disbursement stood at ₹3,191.74 crores.

Standalone Performance

• Standalone AUM grew by 20.43% to ₹12,504.60 crores, compared to ₹10,383.59 crores in the corresponding quarter of the previous year.
• Standalone PAT rose by 19.13% to ₹83.90 crores, up from ₹70.43 crores in the corresponding quarter of the previous year.
• Total income increased by 27.95% to ₹443.77 crores, compared to ₹346.83 crores in the same quarter last year.

Key Financial Indicators

• Capital Adequacy Ratio (including Tier II capital) remained strong at 25.22%, with Tier-I capital at 23.19%.
• The portfolio quality remained stable with gross stage 3 assets at 2.49% and net stage 3 assets at 1.63% of AUM.
• The company maintains a management overlay of ₹17.60 crores, representing 0.17% of the on-book assets.

Segment-wise Performance

The MSME segment contributed approximately 60% to the year-over-year AUM growth. The breakdown of AUM by segment is as follows:

Subsidiary Performance

MAS Rural Housing and Mortgage Finance Limited, a subsidiary of MAS Financial Services, reported:

• AUM growth of 27.40% to ₹793.90 crores
• PAT increase of 27.04% to ₹2.76 crores
• Capital Adequacy Ratio of 34.22% with Tier-I capital at 29.35%

Strategic Developments

MASFin Insurance Broking Private Limited, another subsidiary, has received in-principle approval from IRDAI to operate as a Direct Insurance Broker (Life & General). This approval is subject to compliance with IRDAI regulations and fulfillment of conditions.

Commenting on the results, Mr. Kamlesh Gandhi, Founder, Chairman & Managing Director of MAS Financial, stated, "The performance of the company, even during these trying times, demonstrates our capability of navigating through tough cycles successfully. Going forward, we are confident in maintaining our fundamentally strong growth momentum backed by very strong enablers."

MAS Financial Services Limited continues to demonstrate resilience and growth in the MSME financing sector, with a strong focus on maintaining asset quality and capital adequacy while expanding its market presence.