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MAS Financial Services conducted a conference call on 25 July 2024 to discuss the financial results for the quarter ended June 2024. Kamlesh Gandhi, Chairman & MD of the company addressed the call:
Highlights:
The quarter is consistent to stated objective of the company to have registered around 25% growth in AUM and PAT on a consolidated basis while maintaining very strong fundamentals on all aspects, namely asset quality, capital adequacy and liquidity.
The company is strengthening distribution network, both direct and indirect, to create an efficient and scalable distribution model which also covers all geographies
The company aims to diversify distribution and products suit, while the special focus is on people and processes, adopting enabling technology etc.
The company has successfully raised Rs 500 crore through QIP, which was subscribed multiple times. This QIP marked the first equity raised by company since its IPO in 2017.
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