Ahmedabad based MAS Financial Services reports 35% hike in profit

Disbursement during Q2 FY 20 registrered growth of 16.89% to Rs. 1359.97 crore while the assets under Management registered 26.44% growth at Rs. 5894.37 crore as of 30 Sep 2019.

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 September 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.

MAS Financial Services Limited reports Assets under Management (AUM) of Rs. 5894.37 Crore and profit after tax of Rs. 46.67 Crore for the quarter ended 30 September 2019 from Rs. 4661.62 Crore and Rs. 34.58 Crore respectively for quarter ended 30September 2018 - A Growth of 26.44% and 34.95% over corresponding period of previous year respectively. The Profit after tax for H1 is Rs. 87.40Crore- A growth of 34.37% over corresponding period of the previous year.

(With inputs from MAS Financial Services)