MAS Financial Services Q1 Results Total Revenue ₹362.68 Crores & Net Income ₹71.72 Crores

MAS Financial Services Q1 Results: Mas Financial Services showed strong financial performance in the first quarter of the fiscal year 2024 (June 2024). Their total revenue was ₹362.68 crores, which is a 25.99% increase compared to the same quarter last year (June 2023). This means they earned more money from their operations compared to a year ago.

MAS Financial Services selling, general, and administrative expenses were ₹30.87 crores, up 49.78% from last year. This rise in expenses was significant but was offset by their overall revenue growth. Depreciation and amortization costs increased to ₹1.27 crores, up by 47.67% from last year. These are costs related to the wear and tear of assets and other amortization expenses.

MAS Financial Services total operating expenses were ₹267.98 crores, showing a 24.15% increase from the previous year. Despite these rising expenses, the company’s operating income, which is the profit made from core business activities, grew by 31.49% to ₹94.70 crores.

Net income before taxes was ₹97.15 crores, an increase of 26.93% from last year. Net income, which is the profit after all expenses and taxes, also rose by 26.00% to ₹71.72 crores. The earnings per share (EPS), which shows the portion of profit attributed to each share, increased by 24.31% to ₹5.42. Overall, the company had a successful quarter with significant growth in revenue and profits.

Here's a summary of MAS Financial Services' Q1 results for June 2024:

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MAS Financial Services Q1 Results 

Mas Financial Services reported its financial performance with a mix of growth and stability for the quarter ending on June 30, 2024. Their revenue from operations was ₹295.16 crores, which was an increase from ₹275.69 crores in the previous quarter and ₹235.20 crores in the same quarter last year. This increase in revenue highlights the company’s ability to expand its operations and improve its income streams.

Mas Financial Services total income for the quarter was ₹296.59 crores, reflecting a rise from ₹277.78 crores in the previous quarter and ₹239.11 crores in the same quarter last year. This growth is attributed to higher revenue from operations and other sources of income.

On the expense side, the company incurred ₹251.11 crores, compared to ₹239.65 crores in the previous quarter and ₹204.30 crores in the same quarter last year. This increase in expenses was due to higher finance costs, employee benefits, and other operational costs.

Mas Financial Services profit before tax for the quarter was ₹45.48 crores, up from ₹38.13 crores in the previous quarter and ₹34.81 crores in the same quarter last year. After accounting for taxes and other expenses, the profit after tax was ₹21.57 crores, showing an improvement from ₹15.30 crores in the previous quarter.

Here is a summary of Mas Financial Services’ Q1 2024 results in table format:

MAS Financial Financial Overview

Mas Financial Services' stock information shows various key metrics that investors use to assess the company's financial health and performance. The Market Cap of ₹5,097 Crores represents the total value of all its shares combined, indicating the company's overall size in the market. The Current Price of ₹281 is the price at which the stock is currently trading.

Here’s the stock information in table format:

Quarterly Results 

For Mas Financial, the data for the quarters ending in December 2023, March 2024, and June 2024 shows significant financial performance and trends. In December 2023, the company earned Rs. 335 crores in revenue, with Rs. 172 crores spent on interest. 

Here’s the data for the quarters Dec 2023, Mar 2024, and Jun 2024:

About MAS Financial Services 

MAS Financial Services, founded in 1995, is a company based in India that offers a range of financial products and services. It is registered as a non-banking financial company with the Reserve Bank of India. MAS focuses on helping lower and middle-income groups by providing loans for various needs. They offer Micro Enterprise Loans, SME Loans, Home Loans, Two Wheeler Loans, Used Car Loans, and Commercial Vehicle Loans. MAS serves people in urban, semi-urban, and rural areas, including those in both formal and informal sectors. 

MAS Financial Services has built a strong network with more than 185 branches and 11,000+ centers in major cities like Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu, Karnataka, and New Delhi. The company's goal is to make financial services easily accessible to everyone, helping people and small businesses achieve their financial goals. 

MAS Financial Services is dedicated to efficiency and aims to set high standards in the financial services industry. By expanding its distribution network and continuously improving its services, MAS strives to be a leader in financial inclusion, ensuring that everyone has access to the financial support they need.