MAS Financial Services Limited Declares an Interim Dividend Payable on November 22, 2017; Reports Unaudited Standalone Financial Results for the Quarter and Half Year Ended of September 30, 2017
November 08, 2017 at 02:34 am EST
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MAS Financial Services Limited Declared an interim dividend of INR 1.50 per equity share 15% of the face value of INR 10. at their board meeting on November 08,2017. Fixed the Record date for interim dividend as November 20,2017 and payment date as November 22, 2017.
The company reported unaudited standalone financial results for the quarter and half year ended of September 30, 2017. For the quarter, the company reported total revenue of INR 1,060.697 million compared to INR 868.385 million a year ago. Profit before tax was INR 384.526 million compared to INR 286.230 million a year ago. Net profit was INR 250.863 million compared to INR 190.306 million a year ago. Basic and diluted earnings per share were INR 5.55 compared to diluted earnings per share of INR 4.51 a year ago.
For the half year, the company reported total revenue of INR 2,038.939 million compared to INR 1,700.975 million a year ago. Profit before tax was INR 736.759 million compared to INR 518.956 million a year ago. Net profit was INR 481.292 million compared to INR 339.632 million a year ago. Basic and diluted earnings per share were INR 10.82 compared to diluted earnings per share of INR 7.61 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 Declares an Interim Dividend Payable on November 22, 2017; Reports Unaudited Standalone Financial Results for the Quarter and Half Year Ended of September 30, 2017