MAS Financial Services Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2018 and Consolidated Earnings Results for the Year Ended March 31, 2018
May 09, 2018 at 04:45 am
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MAS Financial Services Limited reported audited standalone earnings results for the fourth quarter and year ended March 31, 2018 and consolidated earnings results for the year ended March 31, 2018. For the quarter, on the standalone basis the company reported revenue from operations of INR 1,132.931 million against INR 837.855 million a year ago. Profit before tax for the period was INR 456.238 million against INR 229.552 million a year ago. Net profit for the period was INR 299.061 million against INR 149.064 million a year ago. Basic and diluted income per share was INR 6.07 (annualized except quarter ended) for against diluted EPS of INR 3.54 (annualized except quarter ended) a year ago.
For the year, on the standalone basis the company reported revenue from operations of INR 4,261.894 million against INR 3,406.31 5 million a year ago. Profit before tax for the period was INR 1,580.536 million against INR 1,030.716 million a year ago. Net profit for the period was INR 1,033.742 million against INR 673.723 million a year ago. Basic and diluted income per share was INR 20.94 (annualized except quarter ended) for against diluted EPS of INR 15.07 (annualized except quarter ended) a year ago.
For the year, on the consolidated basis the company reported revenue from operations of INR 4,530.210 million against INR 3,637.463 million a year ago. Profit before tax for the period was INR 1,614.295 million against INR 1,059.890 million a year ago. Net profit for the period was INR 1,058.189 million against INR 693.192 million a year ago. Basic and diluted income per share was INR 21.12 for against diluted EPS of INR 15.33 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 Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2018 and Consolidated Earnings Results for the Year Ended March 31, 2018