MAS Financial Services stock spurts 8% post robust Q3FY22 results, AUM reported at Rs 5,742cr

3 Feb 2022 , 10:41 AM

MAS Financial Services Ltd. reports stellar performance for the quarter ended December 2021, following which stock gains 8.18% or Rs 38.55 so far in Thursday morning trade. Its scrip was seen at Rs 510 per piece at around 10.21 am against the previous closing price of Rs 471.45. It has touched a day’s high of Rs 525.45 in today’s trade.

Company’s AUM for the quarter ended December 2021 stood at Rs 5,742.08 crore against Rs 5,054.66 crore for the previous corresponding quarter, registering a growth of 13.60% YoY.

Its PAT for the period under consideration stood at Rs 40.10 crore against Rs 36.18 crore for the previous corresponding period, up by 7.74% YoY.

Its total income for the quarter ended December 2021 stood at Rs 171.78 crore as against Rs 142.09 crore for the previous corresponding quarter, registering a growth of 20.89% YoY. While total income for the 9M period ending December 2021 was reported at Rs 477.01 crores.

In its press release company expressed that its portfolio quality remained stable despite the prolonged ongoing covid strains at 2.35% gross stage 3 assets and 1.76% net stage 3 assets of AUM as against 2.30% gross stage 3 assets and 1.80% net stage 3 assets of AUM as of September 30, 2021.

Its total special COVID provision stood at 0.95% or Rs 44.26 crore as of December 2021, against Rs 4654.27 crore.