MAS Financial Services Reports Record High Sales and Profit in Q1 FY25

MAS Financial Services, a midcap finance company, has recently declared its financial results for the quarter ended June 2024. The company has shown a very positive performance in this quarter, with its score improving from 19 to 22 in the last 3 months, according to MarketsMOJO.

One of the key factors contributing to this positive performance is the company’s net sales, which have been consistently growing each quarter in the last five quarters and have reached a record high of Rs 364.34 crore. This trend is expected to continue in the near term, indicating a strong sales outlook for MAS Financial Services.

The company’s operating profit (PBDIT) has also shown a positive trend, with a record high of Rs 278.67 crore in this quarter. This is a significant improvement from the previous quarter and is expected to continue in the near term.

Similarly, the profit before tax (PBT) less other income has also reached a record high of Rs 96.36 crore, showing a positive trend in the last five quarters. The same can be said for the company’s profit after tax (PAT), which has also reached a record high of Rs 71.72 crore in this quarter.

In terms of year-on-year growth, MAS Financial Services has shown a strong performance, with net sales growing at 24.32%, PBT growing at 26.54%, and PAT growing at 26.0%. This indicates a positive outlook for the company’s profitability in the near term.

Overall, MAS Financial Services has shown a strong financial performance in the quarter ended June 2024, with increasing profitability and higher earnings per share for its shareholders. Based on these results, MarketsMOJO has given a ‘Hold’ call for the company’s stock.