Date: July 29, 2026

Financial Performance Overview

MAS Financial Services Limited reported unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27), marking 125 quarters of consistent financial performance.

Consolidated Performance

  • Assets Under Management (AUM): ₹16,122.75 Crores (from ₹13,298.50 Crores in Q1 FY26) - 21.24% YoY growth
  • Profit After Tax (PAT): ₹110.15 Crores (from ₹86.59 Crores in Q1 FY26) - 27.21% YoY growth
  • Quarterly Disbursement: ₹4,532.76 Crores

Standalone Performance (MAS Financial Services Limited)

  • AUM: ₹15,146.73 Crores (from ₹12,504.60 Crores in Q1 FY26, and ₹14,363.57 Crores as of March 31, 2026) - 21.13% YoY growth
  • PAT: ₹104.50 Crores (from ₹83.90 Crores in Q1 FY26) - 24.67% YoY growth
  • Total Income: ₹530.32 Crores (from ₹442.89 Crores in Q1 FY26) - 19.74% YoY growth
  • Profit Before Tax: ₹140.25 Crores (from ₹112.43 Crores in Q1 FY26) - 24.74% YoY growth
  • Quarterly Disbursement: ₹4,461.55 Crores

Capital Adequacy and Asset Quality (Standalone)

  • Capital Adequacy Ratio (including Tier II capital): 23.25% as of June 30, 2026
  • Tier-I capital: 21.94%
  • Gross Stage 3 assets: 2.58% of AUM (compared to 2.57% as of March 31, 2026)
  • Net Stage 3 assets: 1.70% of AUM (compared to 1.70% as of March 31, 2026)
  • Management overlay: ₹17.60 Crores (0.14% of on-book assets)

Segment-wise AUM Breakdown (Standalone)

| Product Category | Q1 FY27 (₹ Crores) | Q1 FY26 (₹ Crores) | YoY Growth |

| Micro-Enterprise Loans | 6,152.92 | 5,008.73 | 22.84% |

| SME Loans | 5,484.65 | 4,525.75 | 21.19% |

| 2-Wheeler Loans | 1,039.02 | 871.72 | 19.19% |

| Commercial Vehicle Loans | 1,095.82 | 967.09 | 13.31% |

| Salaried Personal Loans | 7,374.32 | 1,131.31 | 21.48% |

| Total AUM | 15,146.73 | 12,504.60 | 21.13% |

Note: 32.96% of total underlying assets are through various NBFCs as of June 30, 2026. The MSME segment contributed approximately 80% in the YoY AUM growth.

Subsidiary Performance (MAS Rural Housing and Mortgage Finance Limited)

  • AUM: ₹976.02 Crores (from ₹793.90 Crores in Q1 FY26) - 22.94% YoY growth
  • PAT: ₹4.27 Crores (from ₹2.75 Crores in Q1 FY26) - 55.27% YoY growth
  • Total Income: ₹29.85 Crores (from ₹23.00 Crores in Q1 FY26) - 29.78% YoY growth
  • Profit Before Tax: ₹5.70 Crores (from ₹3.53 Crores in Q1 FY26) - 61.47% YoY growth
  • Capital Adequacy Ratio (including Tier II capital): 37.95%
  • Tier-I capital: 35.00%
  • Gross Stage 3 assets: 0.98% of AUM (compared to 0.98% as of March 31, 2026)
  • Net Stage 3 assets: 0.68% of AUM (compared to 0.58% as of March 31, 2026)
  • Management overlay: ₹3.69 Crores (0.52% of on-book assets)

Management Commentary

Mr. Kamlesh Gandhi, Founder, Chairman & Managing Director, commented: "Team MAS, consistent to its belief that steadily and consistently is the fastest way to reach your goal has once again demonstrated a very robust performance signifying high-quality growth for this quarter too. More than 20% growth in AUM and 27% in PAT on a consolidated basis bears the testimony to the same. We remain committed to grow between 20%-25% prioritizing risk management and profitability."

The company remains committed to its mission of "Excellence through endeavors," now reckoned as "PURPOSE LED PROGRESS DRIVEN."