A customer counts Indian one-hundred rupee banknotes before depositing them at a bank in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

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

Watch the full interview here: