MAS Financial Services Q2 net profit up 32%

MAS Financial Services Q2 net profit up 32%

MAS Financial Services Limited reports Assets under Management (AUM) of Rs. 3474.02 Crore and half yearly profit after tax of Rs. 48.13 Crore- A Growth of 41.71% over corresponding period of previous year.

The profit after tax for Q2 is Rs. 25.09 crore – A growth of 31.82% over corresponding period of the previous year.

Performance Highlights:
Disbursement made during H1 FY 18 17.94% to Rs.1873.16 Crore from Rs.1588.18 Crore in H1 FY 17.

Disbursement made during Q2 FY 18 13.16% to Rs. 985.10 Crore from Rs. 870.53 Crore in Q2 FY 17.

Assets under Management (AUM) as of 30 Sep 2017 stood at Rs. 3474.02 Crore from Rs.2766.48 Crore as on 30 Sep 2016 with Gross NPA and Net NPA as of 30 Sep 2017 at 1.20 % and 0.96% respectively.

The Gross and Net NPA on 4 months overdue stood at 1.18% and 1.03% as of 30 September 2016.

Capital Adequacy Ratio (including Tier II capital) as of 30 Sep 2017 stood at 23.81%. The Tier-I capital stood at 21.30%.