Ahmedabad Mas Financial Services reported PAT of INR 40.73 crore in Q1 FY20

Profit After Tax for Q1 FY20 was Rs. 40.73 crore as against Rs. 30.46 crore in Q1FY19 - Growth of 33.7% Y-o-Y. Total income was reported at Rs. 159.23 crore in Q1FY20 as against Rs. 119.63 crore in Q1 FY19 - Rise of 33.11%. Asset Under Management for Q1FY20 was Rs. 5578 crore as compared to Rs. 4317 crore - Growth of 29%. Disbursement (Net) during Q1 FY20 was up 20.59% at Rs. 1200.67 Crore as compared to Rs. 995.67 Crore in Q1 FY19.

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 Quarter ended 30 June 2019.

The robust financial performance even during this turbulent quarters extended from September 2018, is the testimony of the strong fundamentals of the company; which is being followed over two decades. 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.

According to the unaudited reports, the MAS Financial Services Limited Reports Assets under Management (AUM) of Rs5578.21 Crore and profit after tax of Rs40.73 Crore for the quarter ended 30 June 2019 from Rs4317.00 Crore and Rs30.46 Crore respectively for quarter ended 30June 2018 - A Growth of 29.22% and 33.70% over corresponding period of previous year respectively.

(With inputs from Gopal Modi)