You are here » Home » Companies » Company Overview » MAS Financial Services Ltd

MAS Financial Services Ltd.

BSE: 540749 Sector: Financials
NSE: MASFIN ISIN Code: INE348L01012
BSE 00:00 | 23 Jul 825.15 -11.75
(-1.40%)
OPEN

838.00

HIGH

849.00

LOW

821.25

NSE 00:00 | 23 Jul 823.05 -13.05
(-1.56%)
OPEN

844.95

HIGH

844.95

LOW

820.00

OPEN 838.00
PREVIOUS CLOSE 836.90
VOLUME 8728
52-Week high 1107.65
52-Week low 609.95
P/E 31.43
Mkt Cap.(Rs cr) 4,510
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 838.00
CLOSE 836.90
VOLUME 8728
52-Week high 1107.65
52-Week low 609.95
P/E 31.43
Mkt Cap.(Rs cr) 4,510
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

MAS Financial Services Ltd. (MASFIN) - Chairman Speech

Company chairman speech

Dear shareholders

My greetings and the best wishes on completion of the 25th year of this company. overall these years we have tirelessly endeavoured to perform on the dictum of"excellence through endeavours". We have during the year under reviewmaintained our steadily rising growth graph reaching AuM of Rs 60000 Mn resolutelymoving forward even as crisis after crisis slowed the economy down. es This is more than anumber; this is proof of what can be achieved when every step is guided by a commitment tocreating value and remaining prudent.

Our Profit after Tax (PAT) for the year ended 31st March 2020 is Rs 1782 Mn up fromRs 1521 Mn in the previous year a growth of 17.16%. The level of profitin a year thatput every industry every country under extreme stress reflects our cost efficiencycomprehensive offerings and stakeholder trust. excluding our special contingent provisionfor COVID-19 PAT stood at Rs 1934 Mn registering a growth of 27.16%.

Return on AuM for the year ended 31st March 2020 was 3.15% and Return on Equitywas 18.29%. The would be slightly higher 3.42% and 19.85% respectively when adjustedfor COVID-19 provisioning.

We have strategised and are constantly updating that strategy in keeping with thechanging - and still uncertain macro economic conditions. our prudent lending and assetmanagement coupled with adequate liquidity puts us in a leading position among NBFCs.Notably we have not opted for moratorium benefits on the outstanding loans and arecomfortably placed to meet our repayment obligations for the year. Our market credibilitygives us access to funds for lending ensuring that we shall have the resources to growour business and help the national economy recover as well.

On behalf of Team MAS we thank you for your long association with us and look forwardto growing our business in scale and depth with your support.

Mukesh C. Gandhi
Director - Finance

.