Shares of this NBFC stock under the ‘small-cap’ category jumped approximately 7 percent in Thursday’s trading session after the company announced financial results for Q4FY24, i.e., for the financial quarter ended March 2024. In the last five trading sessions, the company’s stock has gained nearly 12 percent for its stakeholders.
With a market capitalization of Rs 5,233.62 crores, the stocks of MAS Financial Services Limited started their trading session on Thursday at Rs 314.60 and currently trades at Rs 319.15, gaining around 7 percent compared to the previous closing level of Rs 298.20 apiece.
Such sharp movements in the share price were witnessed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE), announced the financial results for Q4FY24, viz, for the financial quarter ended March 2024.
On a sequential basis, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, reported a marginal increase in numbers with the former increasing from Rs 335 crores during Q3FY24 to Rs 346 crores during Q4FY24, and the latter, shifting up slightly from Rs 64 crores to Rs 70 crores.
Comparing Q4FY23 v/s Q4FY24, the metrics mentioned above showed a stellar performance with the operating revenues jumping from Rs 279 crores to Rs 346 crores representing an increase of around 24 percent, and the net profits, keeping the timeframe the same, shifting up from Rs 57 crores to Rs 70 crores.
In addition, the company’s ratio analysis portrays the return ratios, i.e., the return on equity (RoE) as well as the return on capital employed (RoCE), being reported at decent numbers during FY23 with the former reported at 13.38 percent and the latter at 31.47 percent.
According to the latest presentations, the company’s total assets under management (AUM) of more than Rs 10,000 crores spanning various products covering Micro-Enterprise Loans, SME Loans, Two-Wheeler Loans, Salaried Personal Loans, etc.
Founded in 1995, MAS Financial Services Limited is a non-banking financial company (NBFC) mainly engaged in the retail business, comprising MSMEs, multi-utility vehicle loans to individual borrowers, and also includes loans to other non-banking financial companies and microfinance institutions.
Written by Amit Madnani
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