Q4 Results: MAS Financial Services Expects 22-25% Rise In Disbursements In FY20
MAS Financial Services Ltd. is expecting disbursements to grow by 22-25 percent in the ongoing financial year, its Chief Financial Officer Mukesh Gandhi said.
“This was a relatively difficult year for non-banking financial institutions, despite which MAS Financial Services’ asset under management grew 28.6 percent in the quarter,” Gandhi told BloombergQuint,
Its disbursements for the financial year 2018-19 grew at 22.4 percent, while assets under management for the full year came at Rs 5,292 crore, he said.
Q4 Earnings Highlights (YoY):
- Net interest income grew 22.4 percent to Rs 69.11 crore
- Profit after tax rises 29.2 percent to Rs 41.61 crore
- Disbursements increased 8.8 percent to Rs 1,371 crore
- Assets under management up 28.6 percent at Rs 5,293 crore vs Rs 4,114 crore YoY
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