MAS Financial Services shines on reporting 23% rise in Q4 consolidated net profit
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MAS Financial Services is currently trading at Rs. 742.95, up by 16.70 points or 2.30% from its previous closing of Rs. 726.25 on the BSE.
The scrip opened at Rs. 728.95 and has touched a high and low of Rs. 749.55 and Rs. 722.70 respectively. So far 3795 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 938.25 on 07-Nov-2022 and a 52 week low of Rs. 485.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 749.55 and Rs. 711.80 respectively. The current market cap of the company is Rs. 3969.83 crore.
The promoters holding in the company stood at 73.73%, while Institutions and Non-Institutions held 12.60% and 13.68% respectively.
MAS Financial Services has reported 23.44% rise in its net profit at Rs 55.55 crore for the quarter ended March 31, 2023 as compared to Rs 45.00 crore for the same quarter in the previous year. Total income of the company increased by 47.13% at Rs 270.25 crore for Q4FY23 as compared to Rs 183.68 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 23.09% rise in its net profit at Rs 56.82 crore for fourth quarter ended March 31, 2023 as compared to Rs 46.16 crore for the same quarter in the previous year. Total income of the company increased by 46.79% at Rs 282.27 crore for Q4FY23 as compared to Rs 192.30 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 27.55% rise in its net profit at Rs 200.96 crore as compared to Rs 157.55 crore for the previous year. Total income of the company increased by 44% at Rs 949.09 crore for year under review as compared to Rs 657.08 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 27.68% rise in its net profit at Rs 205.82 crore as compared to Rs 161.20 crore for the previous year. Total income of the company increased by 43.27% at Rs 990.26 crore for year under review as compared to Rs 691.17 crore for year ended March 31, 2022.
