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Hot Pursuit News

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(25 Apr 2024, 10:18)

MAS Financial Services spurts after Q4 PAT climbs 22% YoY to Rs 68 cr

MAS Financial Services surged 9.39% to Rs 326.20 after the company’s net profit jumped 22.5% to Rs 68.05 crore in Q4 FY24 as compared with Rs 55.55 crore posted in corresponding quarter last year.


Revenue from operations increased 23% YoY to Rs 328.10 crore during the quarter.

Profit before tax increased 29.37% to Rs 91.09 crore in quarter ended 31 March 2024 as compared with Rs 70.41 crore posted in Q4 FY23.

Net interest income (NII) stood at Rs 168 crore in Q4 FY24, registering the growth of 35.14% as compared with Rs 124 crore posted in same quarter last year.

Asset under management (AUM) jumped 25.12% to Rs 10,125.61 crore during the quarter as compared with Rs 8092.56 crore in corresponding quarter last year. Out of the total AUM, maximum growth was recorded in the commercial vehicle loans (up 100% YoY ) followed by salaried personal loans (up 93.13% YoY), SME Loans (up 25.02% YoY), 2 wheeler loans (up 20.88% YoY), Micro enterprises loans (up 13.19% YoY).

Capita...

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