Small-Cap NBFC Stock Zooms 18% on Thursday After Sliding 20% in a Month

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Small-Cap NBFC Stock Zooms 18% on Thursday After Sliding 20% in a Month
Credit: © Reuters.

By Malvika Gurung -- Shares of the retail financing company MAS Financial Services (NS: MASF ) zoomed 17.8% to Rs 555.35 apiece at 1:23 pm, mirroring a strong performance in the Dec 2021 quarter.

MAS Financial reported an almost 18% surge on a session witnessing most of its peer NBFCs trading up to 6% in red, with Mahindra and Mahindra (NS: MAHM ) Financial Services (NS: MMFS ) down 5.3%, HDFC (NS: HDFC ) 3.2% lower, Muthoot Finance (NS: MUTT ) 2.6% lower and Spandana Sphoorty Financial (NS: SPAD )y down 5.4% while writing this report.

The organization’s net profit rose 13% to Rs Rs 40.63 crore in Q3 FY22, compared to Rs 36 crore reported in the previous year’s quarter, and revenue surged 20% YoY to Rs 180.22 crore in the quarter.

In the nine-month period from Arp-Dec 2021, the company’s profit after tax climbed 8% YoY to Rs 115.25 crore. 

In the quarter under review, MAS Financial’s total income rose to Rs 447.01 crore, 5% higher than the previous year’s quarter. Also, the company’s board has announced a dividend of Rs 1.25/share for Q3 FY22.

Over the past 6 months period, the NBFC’s stock has declined nearly 40%, largely underperforming the headline indices, and dived 20% in the past month.

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