MAS Financial Services Posts 25.31% PAT Growth in Q2 FY25 Earnings

MAS Financial Services Ltd announced its unaudited financial results for the quarter ended September 30, 2024, marking 118 consecutive quarters of consistent financial performance. 

The company highlighted that this performance is a testament to its strong fundamentals, which have been upheld for over two and a half decades. During the quarter, MAS Financial witnessed a healthy growth in business activities across the various segments it serves.

For Q2 FY25, the company reported consolidated disbursements of ₹3,082.53 crore. On a consolidated basis, MAS Financial Services reported Assets Under Management (AUM) of ₹11,681.18 crore and Profit After Tax (PAT) of ₹77.62 crore for the quarter, compared to ₹9,547.07 crore in AUM and ₹61.94 crore in PAT for the same quarter last year. This represents a robust 22.35% growth in AUM and a 25.31% increase in PAT year-on-year (YoY).

On a standalone basis, MAS Financial Services reported AUM of ₹11,016.65 crore and PAT of ₹75.57 crore for the quarter, compared to ₹9,046.19 crore and ₹60.01 crore, respectively, in Q2 FY24. The AUM as of 30th June 2024 stood at ₹10,383.59 crore, indicating a strong quarter-on-quarter growth. The standalone disbursements for the quarter amounted to ₹3,022.13 crore.

The company also noted that the MSME segment played a key role in its growth, contributing approximately 62% of the YoY AUM increase. 

Commenting on the performance, the Founder, Chairman and Managing Director of MAS Financial Services, Mr Kamlesh Gandhi, said, “We remain focused and committed to our basics of extending credit where it is due while demonstrating overall robust performance. We are confident to maintain a fundamentally strong and consistent growth. Adequate capitalization, strong asset quality and a track record of more than 25 years to navigate across various cycles will ensure the same thus creating value on a large scale for all its stakeholders.”

On October 24, 2024, MAS Financial Services share price opened at ₹295.00, touching the day’s low at ₹288.30, as of 9:32 AM on the NSE.

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