MAS Financial Services shines on reporting 23% rise in Q4 consolidated net profit!

Shares of the company gained more than 28% in last one year.   

Quarterly and Annual results 

MAS Financial Services has reported 23.44% rise in its net profit at Rs 55.55 crore for the quarter ended March 31, 2023 as compared to Rs 45 crore for the same quarter in the previous year. Total income of the company increased by 47.13% at Rs 270.25 crore for Q4FY23 as compared to Rs 183.68 crore for the corresponding quarter previous year.

 On consolidated basis, the company has reported 23.09% rise in its net profit at Rs 56.82 crore for fourth quarter ended March 31, 2023 as compared to Rs 46.16 crore for the same quarter in the previous year. Total income of the company increased by 46.79% at Rs 282.27 crore for Q4FY23 as compared to Rs 192.30 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 27.68% rise in its net profit at Rs 205.82 crore as compared to Rs 161.20 crore for the previous year. Total income of the company increased by 43.27% at Rs 990.26 crore for year under review as compared to Rs 691.17 crore for year ended March 31, 2022.

Share price movement of MAS Financial Services Limited         

Today, the stock opened at Rs 728.95, with a high and low of Rs 749.55 and Rs 722.70. Currently, the stock is trading at Rs 737, up by 1.48%. The stock has a 52-week high of Rs 938.25 and a 52-week low of Rs 485.      

Company profile        

MAS Financial Services Limited is a non-deposit taking NBFC registered with the RBI. It is engaged in offering retail financing products for MSMEs, home loans, two-wheeler loans, used car loans and commercial vehicle loans.