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MAS Financial Services Ltd reports consolidated PAT of Rs. 36.15 crore in Q1FY21
Posted On : 2020-08-12 20:38:51( TIMEZONE : IST )
MAS Financial Services Ltd has reported financial results for the period ended June 30, 2020.
Financial Results (Q1 FY 2020-21) - QoQ Comparison
The company has reported total income of Rs.167.55 crores during the period ended June 30, 2020 as compared to Rs.182.55 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.36.15 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.35.67 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.6.61 for the period ended June 30, 2020 as compared to Rs.6.53 for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 167.55 crs | ₹ 182.55 crs |  -8.22% |
| Net Profit | ₹ 36.15 crs | ₹ 35.67 crs |  1.35% |
| EPS | ₹ 6.61 | ₹ 6.53 | 1.23% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.167.55 crores during the period ended June 30, 2020 as compared to Rs.168.91 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.36.15 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.41.31 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.6.61 for the period ended June 30, 2020 as compared to Rs.7.64 for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 167.55 crs | ₹ 168.91 crs | -0.81% |
| Net Profit | ₹ 36.15 crs | ₹ 41.31 crs | -12.49% |
| EPS | ₹ 6.61 | ₹ 7.64 | -13.48% |
Commenting on the performance, Mr. Kamlesh Gandhi - Founder, Chairman & Managing Director, MAS Financial, said "Enabled by our 25 years of experience, the main focus of the company during this challenging time remained on maintaining:
1. Strong capital base.
2. High level of liquidity.
3. The quality of Assets.
4. High provisioning buffers.
5. Constant engagement with all the stakeholders for understanding the evolving situation."
With a Tier-1 capital adequacy ratio of 32.20%, sufficient liquidity due to very efficient liability management, excellent quality of portfolio of around 1.14% of net stage 3 assets and by creating additional provisioning buffer which stands at 1.62% of on book assets should enable the company to navigate the current unprecedented situation successfully.
Shares of MAS Financial Services Ltd was last trading in BSE at Rs.679 as compared to the previous close of Rs. 650.35. The total number of shares traded during the day was 4285 in over 770 trades.
The stock hit an intraday high of Rs. 685 and intraday low of 645.15. The net turnover during the day was Rs. 2886548.
