MAS Financial Services Limited Announces Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2020
June 03, 2020 at 08:56 am EDT
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MAS Financial Services Limited announced audited standalone and consolidated earnings results for the fourth quarter and year ended March 31, 2020. For the quarter, on standalone basis, the company announced total income of INR 1,728.563 million compared to INR 1,555.825 million a year ago. Profit for the period was INR 356.888 million compared to INR 416.147 million a year ago. Basic earnings per share was INR 6.53 compared to INR 7.61 a year ago.
For the year, on standalone basis, the company announced total income of INR 6,831.153 million compared to INR 5,725.802 million a year ago. Profit for the period was INR 1,782.131 million compared to INR 1,521.151 million a year ago. Basic earnings per share was INR 32.6 compared to INR 27.83 a year ago.
For the quarter, on consolidated basis, the company announced total income of INR 1,825.556 million compared to INR 1,647.544 million a year ago. Profit for the period was INR 357.138 million compared to INR 415.913 million a year ago. Basic earnings per share was INR 6.53 compared to INR 7.61 a year ago.
For the year, on consolidated basis, the company announced total income of INR 7,224.180 million compared to INR 6,046.966 million a year ago. Profit for the period was INR 1,812.614 million compared to INR 1,546.065 million a year ago. Basic earnings per share was INR 32.92 compared to INR 28.28 a year ago.
MAS Financial Services Limited is an India-based non-banking finance company (NBFC). The Company is engaged in providing specialized retail financing services. The Company is engaged in the business of providing micro enterprise loans (MEL), small and medium enterprise loans (SME), two-wheeler loans (TW), commercial vehicle loans (CV) and loans to NBFCs. The Company provides loans for the purchase of new and old houses, construction of houses on owned plots, home improvement loans and loans for purchase and construction of commercial property. Its SME loans include machinery loan, industrial shed loan, working capital loan, and loan against property. It also provides salaried personal loans for various purposes, like child education, home renovation, furniture purchase, family occasion, medical purpose, and other personal purposes. It offers housing loans to customers to expand on their homesteads/ renovate part of their abodes, and construct an extra floor on their homes.
MAS FINANCIAL SERVICES LIMITED 
