MSME-focused MAS Financial Services on Wednesday reported a nearly 25 per cent increase in consolidated profit after tax to Rs 80.40 crore for the October-December quarter of 2024-25 compared to the year-ago period, sending its shares higher by over 8 per cent. The company had posted a profit after tax of Rs 64.41 crore for the same quarter of the last financial year, according to an exchange filing. Total income of the company rose by 21.3 per cent to Rs 410.39 crore in the third quarter of 2024-25 compared to Rs 338.33 crore in the year-ago quarter. Interest income rose to Rs 350.76 crore in the third quarter of FY25 from Rs 279.28 crore in the same quarter of last year. Total assets under management rose by 21 per cent to Rs 12,378.80 crore as of December 2024 compared to the year-ago period. The MSME segment contributed 60 per cent to the YoY AUM growth of the company, the company said in a statement. The consolidated disbursement stood at Rs 3,227.72 crores during the quarter
The technical & derivative analyst from HDFC Securities expects Nifty to find support around 18,100 for now.
State-owned Bank of India (BOI) on Tuesday said it has entered into a co-lending arrangement with MAS Financial Services for MSME loans. The tie-up comes on the occasion of the bank's 116th Foundation Day. Co-lending was introduced by the RBI to increase the credit flow to the unserved and underserved sector by utilising the nimble-footed NBFC coverage to the informal sector. BOI will leverage the reach of NBFC to build an MSME portfolio, Atanu Kumar Das, Managing Director & CEO, Bank of India said in a release. Celebrating Foundation Day across all its 10 national banking group (NBG) offices, 59 zonal offices, 5,084 domestic and 23 overseas branches, and 5,323 ATMs, Das expressed gratitude to all the stakeholders. The bank marked the special occasion by celebrating 'Azadi Ka Amrit Mahotsav' and pledged to continue serving the nation and its citizens. On the occasion, the bank unveiled various new schemes for farmers and undertook several initiatives, such as tree plantation, ...
Motilal Oswal Investment Advisors managed the company's IPO
The company will allow over 29.61 lakh equity shares to 15 anchor investors at Rs 459 apiece
Motilal Oswal Investment Advisors Pvt Ltd will manage the company's initial public offering
Net proceeds will be utilised towards augmenting its capital base