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Company News Details

MAS Financial Services Ltd
Industry :  Finance & Investments
BSE Code
ISIN Demat
Book Value()
540749
INE348L01012
132.328944
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
MASFIN
17.69
4908.31
EPS(TTM)
Face Value()
Div & Yield %
15.29
10
1.17
 

MAS Financial Services Ltd
MAS Financial Services allots NCDs upto Rs 100 crore
Nov 28,2024
The firm allotted 10,000 rated, listed, senior, secured, redeemable, transferable, taxable NCDs denominated in Indian rupees, having a face value of Rs 1 lakh each.

These debentures have a coupon rate of 8.45% p.a. payable monthly, and the date of maturity is 28 May 2026.

The NCDs are proposed to be listed on the Wholesale Debt Market segment of the Bombay Stock Exchange (BSE).

Further, the debentures have been rated 'CARE AA-; stable' by CARE Ratings.

MAS Financial Services is a non-deposit accepting NBFC. While the company initially provided consumer durable financing, it currently provides corporate loans to NBFC-MFIs and other NBFCs engaged in retail finance, small-ticket business loans, small commercial vehicle loans, two-wheeler loans and machinery finance. The company is predominantly present in Gujarat, Rajasthan and Maharashtra.

The company’s standalone net profit jumped 27.59% to Rs 76.57 crore on a 24.09% rise in revenue from operations to Rs 365.05 crore in Q2 FY25 over Q2 FY24.

The scrip slipped 2.17% to Rs 286.70 on the BSE.

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