MAS Financial Services' revenue has improved by 23.7% yoy to Rs128.8cr against Rs104.1cr. The NII for the quarter has improved by 48.6% to Rs81.6cr. The bank’s net profit was in-line with our estimates, which has increased by 79.6% yoy to Rs31.3cr against Rs17.4cr. Its GNPA for Q1FY19 stood at 1.19% against 1.15% qoq, which has increased by 4bps. NNPA for the quarter came at 0.95% against 0.91% qoq, which has increased by 4bps.
The AUM for the quarter has increased by 30% yoy to Rs4,257cr. The break-up of on and off Balance Sheet AUM is 63% and 37% respectively.
Borrowings as of Q1FY19 end stood at 1,918cr, whereas cost of borrowings for the quarter stood at 8.74%.
The management states that, SME and Housing finance offers huge potential and company will maintain adequate focus as it is anticipated as one of the key growth drivers.
Its capital adequacy ratio for the quarter came at 29.48%.
MAS Financial Services Ltd is currently trading at Rs. 562.95, up by 2 points or 0.36% from its previous closing of Rs. 560.95 on the BSE.
The scrip opened at Rs. 560.95 and has touched a high and low of Rs. 572 and Rs. 555.60 respectively. So far 86,295 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.
Please use the temporary password sent on your email id or mobile no.
Update Mobile no.
Why you need to update your Mobile number ?
By providing verified mobile number we provide more exclusive information in the website.
Update Mobile no.
Terms & Conditions
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in National Do Not Call Registry as laid down by Telecom Regulatory Authority of India will not be applicable for such information/ communication.