On a consolidated basis the AUM of the company crosses ₹ 17000 Crores and PAT of ₹ 115 Crores
A strong growth of 23.31% in AUM and 25.91% in PAT
Ahmedabad, Oct 28: The Board of Directors of MAS Financial Services Limited, specialized in MSME financing, announced today the unaudited financial results for the quarter ended 30th 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
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MAS Financial Services Limited on a consolidated basis reports Assets under Management of ₹ 17042.86 Crores and Profit after Tax of ₹ 115.12 Crores for the quarter ended 30th September 2026 from ₹ 13821.14 Crores and ₹ 91.43 Crores respectively for the quarter ended 30th September 2025. The consolidated disbursement was ₹ 4907.95 Crores during the quarter ended 30th September 2026 while extending credit where it is due.
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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 30th September 2026 from ₹ 12999.44 Crores and ₹ 89.70 Crores respectively for the quarter ended 30th September 2025. The AUM as on 30th June 2026 was ₹ 15146.73 Crores. The standalone disbursement was ₹ 4812.05 Crores during the quarter ended 30th September 2026.
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A Growth of ~23% in AUM and ~23% in PAT over the corresponding quarter of the previous year.
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Capital Adequacy Ratio (including Tier II capital) as of 30th September 2026 remained very strong at 22.12% with Tier-I capital at 20.82%.
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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 30th June 2026.
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The company continues to carry a management overlay of ₹ 17.60 Crores as on 30th 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 |
|
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%↑ |
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 30th September 2026 from ₹ 821.70 Crores and ₹ 2.99 Crores respectively for the quarter ended 30th September 2025.
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A growth of ~26% in AUM and ~55% in PAT over the corresponding quarter of the previous year.
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Capital Adequacy Ratio (including Tier II capital) as on 30th September 2026 remained very strong at 34.11%. The Tier-I capital stood at 32.10%.
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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 30th June 2026.
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The company continues to carry a management overlay of ₹ 3.69 Crores as on 30th 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 |
Commenting on the performance, Mr. Kamlesh Gandhi - Founder, Chairman & Managing Director, MAS Financial said,
“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 23% growth in AUM and 25% 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.”
Team MAS remains committed to its mission of “Excellence through endeavors.” which we now reckon as “PURPOSE LED PROGRESS DRIVEN”
