- Total income rises 21.3% while assets under management increases by 21%
- The MSME segment plays a crucial role, contributing 60% to the year-on-year AUM growth
- Interest income increases to Rs 350.76 crore in the third quarter of FY25 from Rs 279.28 crore in the same quarter of last year
NE BUSINESS BUREAU
AHMEDABAD, JAN 31
City-based MAS Financial Services, focused on the MSME sector, on Wednesday announced a substantial rise in its consolidated profit after tax, climbing nearly 25% to Rs 80.40 crore for the third quarter, October-December, of the 2024-25 financial year.
The company had posted a profit after tax of Rs 64.41 crore for the same quarter of the last financial year, according to an exchange filing.
Total income of the company rose by 21.3 per cent to Rs 410.39 crore in the third quarter of 2024-25 compared to Rs 338.33 crore in the year-ago quarter.
Interest income rose to Rs 350.76 crore in the third quarter of FY25 from Rs 279.28 crore in the same quarter of last year.
Total assets under management rose by 21 per cent to Rs 12,378.80 crore as of December 2024 compared to the year-ago period. The MSME segment played a crucial role, contributing 60% to the year-on-year AUM growth, the company said in a statement.
The consolidated disbursement stood at Rs 3,227.72 crores during the quarter ended 31st December 2O24, it said.
“We continue to demonstrate a fundamentally strong performance over a sustained period and more importantly through tough cycles too, the company’s Chairman & Managing Director Kamlesh Gandhi said.
