Q2 2025 MAS Financial Services Ltd Earnings Call Transcript
Key Points
- MAS Financial Services Ltd (BOM:540749) reported a strong growth in assets under management (AUM) of 22.35% on a consolidated basis.
- The company achieved a profitability growth of over 25% on a consolidated basis.
- The housing finance segment showed robust performance with a 33% rise in AUM and a 25% increase in profitability.
- The company maintained a stable asset quality with net stage 3 assets at 1.57% and 0.698% for the parent and housing segments respectively.
- MAS Financial Services Ltd (BOM:540749) has a well-diversified liability profile and has been able to raise funds at competitive rates, with plans to increase capital market exposure to 20% over the next three years.
- There is a slight increase in gross stage 3 assets, indicating some stress across product categories including MEL, two-wheeler, and commercial vehicle loans.
- The company is seeing signs of over-leverage in some SME segments, leading to increased rejection rates.
- The microfinance segment, although a small part of the portfolio, is experiencing industry-wide stress.
- The company anticipates a potential slowdown in growth, prioritizing asset quality and profitability over aggressive expansion.
- There is a challenge in recruiting desired manpower for new product launches, delaying the rollout of the used vehicle financing segment.
Ladies and gentlemen, good day and welcome to MAS Financial Service Limited Q2 FY25 earnings conference call hosted by InCred Equities.
(Operator Instructions)
Please note that this conference is being recorded.
I now hand the conference over to Mr. Jignesh Shial from InCred Equities. Thank you and over to you, sir.
Yeah. Thank you, Nikita, and good evening, everyone.
On behalf of InCred Equities, I welcome all to MAS Financial Services Limited 2Q FY25 earnings conference call.
We have along with us Mr. Kamlesh Gandhi, Chairman and Managing Director; Mrs. Darshana Pandya, Director and CEO; Mr. Dhvanil Gandhi, Executive Director; Mr. Ankit Jain, Chief Financial Officer; and (inaudible) MAS Financial.
We are thankful to the management for allowing us this opportunity.
I would now like to hand it over to Kamlesh Gandhi, Chairman and Managing Director of MAS Financial Services Limited for his opening remarks.
Over to you, sir.
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