MAS Financial Services’ Focus Remains On Asset Quality: Motilal Oswal 
Customers count Indian rupee banknotes while sitting in a store (Photographer Dhiraj Singh /Bloomberg)

MAS Financial Services’ Focus Remains On Asset Quality: Motilal Oswal 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

MAS Financial Services Ltd.’s Q3 FY21 profit after tax declined 25% YoY to Rs 362 million (9% miss).

While disbursements improved QoQ, they were still approximately 80% of YoY levels (in line with the management’s guidance).

As a result, consolidated assets under management declined 4% QoQ/ 15% YoY to Rs 53 billion.

The loan mix remained largely stable with the share of micro small and medium enterprises/SME loans at 60%/31%.

The share of off balance sheet loans declined sharply to 33% from 42% QoQ.

Click on the attachment to read the full report:

Motilal Oswal MAS Financial Q3FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.