MAS Financial Q1FY26 Results: PAT Up 19% YoY to ₹83.9 Crore, AUM Rises 20% to ₹12,504.6 Crore

Ahmedabad, July 23, 2025 – MAS Financial Services Ltd (NSE: MASFIN, BSE: 540749), a prominent non-banking financial company (NBFC) focused on MSME lending, delivered a strong performance for the quarter ended June 30, 2025 (Q1FY26). The company reported a 19.13% year-on-year (YoY) increase in standalone net profit, reaching ₹83.90 crores, driven by healthy momentum across its core product segments. Total standalone Assets Under Management (AUM) witnessed a robust 20.43% YoY growth, rising to ₹12,504.60 crore, underscoring continued expansion in its lending portfolio.

Financial Highlights

Standalone Financials

 In Q1FY26, the company reported a total income of ₹443.77 crore, reflecting a 27.95% year-on-year growth compared to ₹346.83 crores in Q1FY25. Profit before tax rose to ₹112.43 crores, up 19.11% from ₹94.39 crores in the previous year, while profit after tax increased by 19.13% to ₹83.90 crore from ₹70.43 crore. Earnings per share stood at ₹4.62, compared to ₹4.25 in Q1FY25. The company also reported a healthy capital adequacy ratio of 25.22%. Gross Stage 3 assets were at 2.49%, while net Stage 3 assets stood at 1.63%, indicating a stable asset quality.

The company maintained a strong capital adequacy ratio of 25.22%, with Tier-I capital at 23.19%. Asset quality remained stable, with Gross Stage 3 and Net Stage 3 assets at 2.49% and 1.63% of AUM, respectively. Management overlay provisions stood at ₹17.60 crore or 0.17% of the on-book assets.

Consolidated Financials

On a consolidated basis, MAS Financial’s AUM stood at ₹13,298.50 crore, up 20.82% YoY. Consolidated profit after tax came in at ₹86.59 crore, up 19.34% compared to ₹72.56 crore in the same quarter last year. The consolidated disbursement during the quarter was ₹3,191.74 crore.

Segment-Wise AUM Growth ( in Crores)

MAS Financial’s diversified loan book continues to demonstrate strength, particularly in the salaried personal loan and SME segments. In Q1FY26, MAS Financial Services Ltd reported robust growth across all its major product segments. The Micro-Enterprise Loans segment saw a year-on-year (YoY) AUM increase of 10.73% to ₹5,008.73 crore, while SME Loans grew by 19.61% to ₹4,525.75 crore. Two-Wheeler Loans registered a strong growth of 30.37% YoY, reaching ₹877.72 crore. The Commercial Vehicle Loans segment rose by 18.33% to ₹967.09 crore.

As of June 30, 2025, 35.78% of MAS Financial’s underlying assets were sourced through NBFC partners.

Subsidiary Performance: MAS Rural Housing

MAS Rural Housing and Mortgage Finance Ltd reported a 27.4% YoY growth in AUM at ₹793.90 crore. Profit after tax rose to ₹2.76 crore in Q1FY26 from ₹2.17 crore in Q1FY25.

MAS Rural Housing and Mortgage Finance (₹ in crore)

The subsidiary maintained a capital adequacy ratio of 34.22% with Tier-I capital at 29.35%. Gross and net Stage 3 assets stood at 0.92% and 0.64%, respectively. The company also maintained a management overlay of ₹3.29 crore, equivalent to 0.57% of its on-book assets.

Corporate Updates and Commentary

During the quarter, MASFin Insurance Broking Private Limited, a subsidiary of MAS Financial, received in-principle approval from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a Direct Insurance Broker (Life and General). Final approval is subject to regulatory compliance under the IRDAI (Insurance Brokers) Regulations, 2018.

Chairman and Managing Director Kamlesh C. Gandhi commented:

“The performance of the company even during these trying times demonstrates our capability of navigating through tough cycles successfully, which has been proven many times during our 30-year journey. Going forward, we are confident of maintaining our fundamentally strong growth momentum backed by solid enablers. Team MAS remains committed to its mission of ‘Excellence through Endeavours,’ which we now reckon as ‘Purpose Led, Progress Driven.’”

Company Overview

MAS Financial Services Limited is a listed NBFC headquartered in Ahmedabad, engaged in MSME, micro-enterprise, SME, two-wheeler, commercial vehicle, and personal loans, with a strong focus on financial inclusion. The company is listed on NSE and BSE under the symbol MASFIN.

REF:https://nsearchives.nseindia.com/corporate/MASFIN_23072025144807_BMOutcome23072025.pdf

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