MAS Financial Services Ltd's Q1FY19 standalone net profit rises 79.9% yoy to Rs31.30cr : In-line with Estimates

The company’s standalone NII stood at Rs81.60cr, up 48.63% yoy and 4.55% qoq.

Aug 24, 2018 10:08 IST India Infoline Research Team

MAS Financial Services Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
NII 81.60 48.6
Net Profit (adjusted) 31.30 79.9

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%.

Technical View:

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.

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