'Mas Financial Services conducted a conference call on 08 May 2019 to discuss the financial results for the quarter March 2019. Kamlesh Gandhi, Chairman and Managing Director of the company addressed the call:
Highlights:
. The company has continued to maintained healthy loan growth 29%, while its asset under management crossed Rs 5000 crore mark to reach Rs 5293 crore end March 2019. The company expects to maintain loan growth of 20-25%, going forward. The loan growth can be accelerated to 30% on favourable market conditions.
. The loan growth has been strong across all key segment with micro enterprise loans (MEL) AUM rising 30% to Rs 3341 crore, SME loans 30% to Rs 1336 crore, 2-wheelers 27% to Rs 462 crore, while commercial vehicle loans increased 5% to Rs 1543 crore end March 2019 over March 2018.
. The yield on MEL loan stood at 15.5%, SME 14.7%, two wheelers and commercial vehicles 17% etc. The weighted average yield stood at 15.5%.
. The disbursement...
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