- The consolidated AUM of the company jumps 22.35% and crosses Rs 11,600 crores
NE BUSINESS BUREAU
AHMEDABAD, OCT 25
MAS Financial Services Limited, specialized in MSME financing, on Thursday announced its profit after tax jumped 25.31% to Rs 77.62 crore in Q2 FY25 as against Rs 61.94 crore posted in Q2 FY24.
MAS Financial Services Limited on a consolidated basis reported Assets under Management (AUM) of Rs. 11,681.18 crores, a growth of 22.35% from Rs 9,547.07 Crores for the quarter ended 30th September 2023.
Total revenue from operations was at Rs 365.05 in Q2 FY25, up 24.09% as against Rs 294.18 crore recorded in same quarter last year.
Profit before tax increased 27.55% to Rs 102.07 crore in quarter ended 30 September 2024 as compared with Rs 80.02 crore posted in Q2 FY24.
Net interest income (NII) stood at Rs 191.60 crore in Q2 FY25, registering the growth of 27.39% as compared with Rs 150.40 crore posted in same quarter last year.
The consolidated disbursement was Rs. 3,082.53 crores during the quarter ended 30th September 2024.
Commenting on the performance, Kamlesh Gandhi – Founder, Chairman & Managing Director, MAS Financial said, “We remain focused and committed to our basics of extending credit where it is due while demonstrating over all 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. Team MAS remains committed to its mission of excellence through endeavors.”
