Mas Financial Q1 net profit up by 33.70% at INR 40.73 crore

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Assets under Management (AUM) as of 30 June, 2019 up 29.22% to Rs 5578.21 crore from Rs 4317.00 crore as on 30 June, 2018.

The Board of Directors of MAS Financial Services Limited in their meeting held today took on record the unaudited Financial Results of the company for the Quarterended 30 June 2019.

Given the adoption of Indian Accounting Standards,for better understanding of the performance of the comparative periods: we have hereby provided both operational highlights:as per IND-As andas per previous GAAP for the quarter ended 30 June 2019.

MAS Financial Services Limited reported Assets under Management (AUM) of Rs 5578.21 crore and profit after tax of Rs 40.73 crore for the quarter ended 30 June 2019 from Rs 4317.00 crore and Rs 30.46 crore respectively for quarter ended 30 June 2018 – A Growth of 29.22% and 33.70% over corresponding period of previous year respectively

Performance Highlights:

• Disbursement (Net) made during Q1 FY 20 up 20.59% toRs 1200.67 crore from Rs 995.67 crore in Q1 FY19.

• Assets under Management (AUM) as of 30 June, 2019 up 29.22% to Rs 5578.21 crore from Rs 4317.00 crore as on 30 June, 2018 with Gross Stage 3 Assets and Net Stage 3 Assetsas of 30 June, 2019 at 1.39 % and 1.14% respectively. The Gross Stage 3 Assets and Net Stage 3 Assets stood at 1.24 %* and 1.11%* as of 30 June, 2018.

• (*Recasted as per Ind-As criteria applied as on Q1 FY 2020)

• Total Income for Q1 FY20 up 33.11% to Rs 159.23 crore from Rs 119.63 crore in Q1 FY 19.

• Profit After Tax for Q1 FY 20 up 33.70 % to Rs 40.73 crore from Rs 30.46 crore in Q1 FY 19.

• Capital Adequacy Ratio (including Tier II capital) as of 30 June, 2019 stood at 27.97%. The Tier-I capital stood at 26.54%.

Note on MAS Rural Housing and Mortgage Finance Limited (Subsidiary)

The Board of Directors of MAS Rural Housing and Mortgage Finance Limited in their meeting held on 17th July 2019 took on record the unaudited Financial Results of the company for the quarterended 30 June, 2019.

MAS Rural Housing and Mortgage Finance Limited reports Assets under Management (AUM) of Rs 271.63 crore and profit after tax of Rs 1.12 crore for the quarter ended 30 June 2019 from Rs 210.23 crore and Rs 0.90 crore respectively for quarter ended 30 June 2018 – A Growth of 29.21% and 23.53% over corresponding period of previous year respectively.

Performance Highlights:

• Disbursement madeduring Q1 FY 20 26.08% to Rs 25.08 crore from Rs19.89 crore in Q1 FY19.

• Gross Stage 3 Assets and Net Stage 3 Assetsas of 30 June, 2019 stood at 0.40 % and 0.29% respectively. The Gross Stage 3 Assets and Net Stage 3 Assetsstood at 0.35% and 0.26% as of 30June, 2018.

• Capital Adequacy Ratio (including Tier II capital) as of 30 June, 2019 stood at 28.76%. The Tier-I capital stood at 28.07%.

*Disclaimer: The figures represented as per I-GAAP are based on management reports and have not been subject to review by the auditors.