A Growth of16.27 % in AUM and16.55 % in PAT over the corresponding period of the previous year.
Capital Adequacy Ratio (including Tier II capital) as of 31st March, 2022 stood at 26.35%. The Tier-I capital stood at23.08%.
The portfolio quality remained stable and strong despite of the prolonged ongoing crisis followed by the unprecedented pandemic situation at 2.28% gross stage 3 assets and 1.70 % net stage 3 assets of AUM as compared to 2.35% gross stage 3 assets and 1.76 % net stage 3 assets of AUM as on 31st December 2021.
The company continues to carry buffer provision (COVID provision) of` 37.84 Crore as on 31stMarch 2022which is 0.74 %of the total on book assets.
The consistent financial performance during all the past turbulent period is the testimony of the strong fundamentals of the company; which is being followed over two decades.
The company witnessed a healthy growth in business activities across the segment which we serve during the quarter. The same was reflected in disbursement which stood at Rs1962.33 crore during the quarter ended 31st March 2022 as compared to Rs1294.11 crore during the corresponding period. Disbursement during December 21 quarter was Rs1598.72 crore.
Commenting on the performance, Mr. Kamlesh Gandhi – Founder, Chairman & Managing Director, MAS Financial said, “In consonance with our mission and vision to constantly endeavour to create value for stakeholders on a very large scale through efficient last mile delivery of credit, the main focus of the company continues to remain on maintaining strong capital base, adequate liquidity and quality of assets. The company having successfully navigated the unprecedented challenges of the past two years is well on track to achieve its growth trajectory of 20-25% going forward as demonstrated over decades across all the cycles.”
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