MAS Financial Services Limited Consolidated AUM Crosses 8800 Crore During Q1FY24

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 30^th June 2023.

The consistent financial performance during all the past turbulent period is the testimony of the strong fundamentals of the company, which has been followed over more than two decades. We witnessed a healthy growth in business activities across the segments we serve during the quarter. The consolidated disbursement was 2334.50 Crore during the quarter ended 30^th June 2023.

MAS Financial Services Limited on a consolidated basis reports Assets under Management (AUM) of 8867.94 Crore and profit after tax (PAT) of 57.56 Crore for the quarter ended 30^th June 2023 from 7025.14 Crore and 45.91 Crore respectively for the quarter ended 30^th June 2022.

• A Growth of 26.23% in AUM and 25.38% in PAT over the corresponding period of the previous year.

MAS Financial Services Limited reports Assets under Management (AUM) of 8417.85 Crore and profit after tax (PAT) of 57.25 Crore for the quarter ended 30^th June 2023 from 6683.92 Crore and 46.11 Crore respectively for the quarter ended 30^th June 2022. The AUM as on 31^st March 2023 was 8092.56 Crore.

• A Growth of 25.94% in AUM and 24.16% in PAT over the corresponding period of the previous year.

• Capital Adequacy Ratio (including Tier II capital) as of 30^th June 2023 stood at 25.31%. The Tier-I capital stood at 21.11%.

• The portfolio quality remained stable and strong at 2.13% gross stage 3 assets and 1.47% net stage 3 assets of AUM as compared to 2.15% gross stage 3 assets and 1.52% net stage 3 assets of AUM as on 31^st March 2023.

• The company continues to carry a management overlay of 21.46 crore as on 30^th June, 2023, 0.32% of the total on book assets.

( in Crore)

Particulars	Q124	Q123	YoY	FY 23
Assets Under Management	8417.85	6683.92	25.94%↑	8092.56
Total Income	280.07	197.79	41.60%↑	949.09
Profit Before Tax	75.80	61.71	22.83%↑	264.70
Profit After Tax	57.25	46.11	24.16%↑	200.96

( in Crore)

Asset Under Management (AUM)*	June-23	June-22	YoY
Micro-Enterprise loans	4021.20	3462.49	16.14%↑
SME loans	3074.80	2443.21	25.85%↑
2-Wheeler loans	570.86	386.43	47.73%↑
Commercial Vehicle loans	448.39	332.45	34.87%↑
Salaried Personal Loans	302.60	59.34	New Product introduced in June-22
TOTAL AUM	8417.85	6683.92	25.94%↑

*Represents underlying assets in each of the categories. As on 30^th June, 2023 37.18% of the total underlying assets is through various NBFCs.

Performance Highlights – MAS Rural Housing and Mortgage Finance Limited (Standalone)

MAS Rural Housing and Mortgage Finance Limited reports Assets under Management (AUM) of 450.10 Crore and profit after tax of 1.59 Crore for the quarter ended 30^th June 2023 from 341.22 Crore and 1.01 Crore respectively for the quarter ended 30^th June 2022.

• A growth of 31.91% in AUM and of 57.97% in PAT over the corresponding period of the previous year.

• Capital Adequacy Ratio (including Tier II capital) as of 30^th June, 2023 stood at 39.00%. The Tier-I capital stood at 28.86%.

• The portfolio quality remained stable and strong at 0.71% gross stage 3 assets and 0.50% net stage 3 assets of AUM as compared to 0.70% gross stage 3 assets and 0.52% net stage 3 assets of AUM as on 31^st March 2023.

• The company continues to carry a management overlay of 3.12 crore as on 30^th June, 2023, 0.87% of the total on book assets.

( in Crore)

Particulars	Q124	Q123	YoY	FY 23
Assets Under Management	450.10	341.22	31.91%↑	413.34
Total Income	13.61	8.78	55.08%↑	43.75
Profit Before Tax	2.02	1.33	51.97%↑	8.09
Profit After Tax	1.59	1.01	57.97%↑	6.34

Team MAS remains committed to its mission of excellence through endeavors.