MAS Financial Services Q2 RESULTS: AUM crosses ₹ 17000 Crores and PAT of ₹ 115 Crores

Wednesday, 28^th October 2026, Ahmedabad: The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialized in MSME financing, announced today the unaudited financial results for the quarter ended 30^th September 2026.

126 Quarters of Consistent Financial Performance is the testimony to the strong fundamentals of the company, which has been followed for last three decades. 

Performance Highlights – (Consolidated)

• MAS Financial Services Limited on a consolidated basis reports Assets under Management (AUM) of ₹ 17042.86 Crores and Profit after Tax (PAT) of ₹ 115.12 Crores for the quarter ended 30^th September 2026 from ₹ 13821.14 Crores and ₹ 91.43 Crores respectively for the quarter ended 30^th September 2025. The consolidated disbursement was ₹ 4907.95 Crores during the quarter ended 30^th September 2026 while extending credit where it is due.

• A Growth of ~23% in AUM and ~26% in PAT over the corresponding quarter of the previous year.

Performance Highlights – MAS Financial Services limited (Standalone)

MAS Financial Services Limited reports Assets under Management (AUM) of ₹ 16011.38 Crores and Profit after Tax (PAT) of ₹ 110.05 Crores for the quarter ended 30^th September 2026 from ₹ 12999.44 Crores and ₹ 89.70 Crores respectively for the quarter ended 30^th September 2025. The AUM as on 30^th June 2026 was ₹ 15146.73 Crores. The standalone disbursement was ₹ 4812.05 Crores during the quarter ended 30^th September 2026.

• A Growth of ~23% in AUM and ~23% in PAT over the corresponding quarter of the previous year.

• Capital Adequacy Ratio (including Tier II capital) as of 30^th September 2026 remained very strong at 22.12% with Tier-I capital at 20.82%.

• The portfolio quality remained stable and strong at 2.63% gross stage 3 assets and 1.70% net stage 3 assets of AUM as compared to 2.58% gross stage 3 assets and 1.70% net stage 3 assets of AUM as on 30^th June 2026.

• The company continues to carry a management overlay of ₹ 17.60 Crores as on 30^th September 2026, 0.13% of the on-book assets.

                                                                                                                                                     (₹ in Crores)

Particulars	Q2’27	Q2’26	YoY	H1’27	H1’26	YoY	FY26
Assets Under Management	16011.38	12999.44	23.17%↑	16011.38	12999.44	23.17%↑	14363.67
Total Income	560.29	459.49	21.94%↑	1090.61	902.38	20.86%↑	1900.33
Profit Before Tax*	147.38	120.23	22.58%↑	287.63	232.66	23.63%↑	493.07
Profit After Tax*	110.05	89.70	22.69%↑	214.65	173.60	23.65%↑	366.81

*Note: Excluding one-time impact of New Labour Code provision of ₹ 4.24 crore in Q3FY26. PAT for FY26 was ₹ 363.65 crore (including one-time impact of New Labour Code provision)

                  (₹ in Crores)

Asset Under Management (AUM)*	September-26	September-25	YoY
Micro-Enterprise Loans	6684.54	5210.02	28.30%↑
SME Loans	5723.19	4632.82	23.54%↑
2-Wheeler Loans	1061.88	924.07	14.91%↑
Commercial Vehicle Loans	1083.60	1059.03	2.32%↑
Salaried Personal Loans	1458.18	1173.51	24.26%↑
TOTAL AUM	16011.38	12999.44	23.17%↑

*Represents underlying assets in each of the categories. As on 30^th September 2026, 31.77% of the total underlying assets are through various NBFCs.

The MSME segment contributed approximately 85% in the YoY AUM growth of the company while other products also contributed meaningfully.

Performance Highlights – MAS Rural Housing and Mortgage Finance Limited (Standalone)

AUM of the MAS Rural Housing and Mortgage Finance Limited (MRHMFL) crosses `1000 Crores

MAS Rural Housing and Mortgage Finance Limited reports Assets under Management of ₹ 1031.47 Crores and Profit after Tax of ₹ 4.62 Crores for the quarter ended 30^th September 2026 from ₹ 821.70 Crores and ₹ 2.99 Crores respectively for the quarter ended 30^th September 2025.

• A growth of ~26% in AUM and ~55% in PAT over the corresponding quarter of the previous year.

• Capital Adequacy Ratio (including Tier II capital) as on 30^th September 2026 remained very strong at 34.11%. The Tier-I capital stood at 32.10%.

• The portfolio quality remained stable and strong at 0.99% gross stage 3 assets and 0.70% net stage 3 assets of AUM as compared to 0.98% gross stage 3 assets and 0.68% net stage 3 assets of AUM as on 30^th June 2026.

• The company continues to carry a management overlay of ₹ 3.69 Crores as on 30^th September 2026, 0.48% of the on-book assets.

                       (₹ in Crores)

Particulars	Q2’27	Q2’26	YoY	H1’27	H1’26	YoY	FY26
Assets Under Management	1031.47	821.70	25.53%↑	1031.47	821.70	25.53%↑	940.19
Total Income	30.54	24.92	22.57%↑	60.40	47.91	26.05%↑	101.92
Profit Before Tax*	5.94	3.90	52.34%↑	11.64	7.43	56.75%↑	16.85
Profit After Tax*	4.62	2.99	54.71%↑	8.89	5.74	54.79%↑	12.90

* Note: Excluding one-time impact of New Labour Code provision of ₹ 0.58 crore in Q3FY26. PAT for FY26 was ₹ 12.46 crore (including one-time impact of New Labour Code provision)

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing)

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