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 30th September 2025.
122 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 ` 13821.14 Crores and Profit after Tax (PAT) of ` 91.43 Crores for the quarter ended 30th September 2025 from ` 11681.18 Crores and ` 77.62 Crores respectively for the quarter ended 30th September 2024. The consolidated disbursement was ` 3259.15 Crores during the quarter ended 30th September 2025 while extending credit where it is due.
- A Growth of 18.32% in AUM and 17.79% 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 ` 12999.44 Crores and Profit after Tax (PAT) of ` 89.70 Crores for the quarter ended 30th September 2025 from ` 11016.65 Crores and ` 76.57 Crores respectively for the quarter ended 30th September 2024. The AUM as on 30th June 2025 was ` 12504.60 Crores. The standalone disbursement was ` 3197.31 Crores during the quarter ended 30th September 2025.
- A Growth of 18.00% in AUM and 17.15% in PAT over the corresponding quarter of the previous year.
- Capital Adequacy Ratio (including Tier II capital) as of 30th September 2025 remained very strong at 24.57% with Tier-I capital at 22.71%.
- The portfolio quality remained stable and strong at 2.53% gross stage 3 assets and 1.69% net stage 3 assets of AUM as compared to 2.49% gross stage 3 assets and 1.63% net stage 3 assets of AUM as on 30th June 2025.
- The company continues to carry a management overlay of ` 17.60 Crores as on 30th September 2025, 0.17% of the on-book assets.
(` in Crores)
| Particulars | Q2’26 | Q2’25 | YoY | H1’26 | H1’25 | YoY | FY25 |
| Assets Under Management | 12999.44 | 11016.65 | 18.00%↑ | 12999.44 | 11016.65 | 18.00%↑ | 12099.82 |
| Total Income | 458.61 | 366.62 | 25.09%↑ | 902.38 | 713.45 | 26.48%↑ | 1,520.45 |
| Profit Before Tax | 120.23 | 102.07 | 17.79%↑ | 232.66 | 196.46 | 18.43%↑ | 410.43 |
| Profit After Tax | 89.70 | 76.57 | 17.15%↑ | 173.60 | 147.00 | 18.10%↑ | 305.93 |
(` in Crores)
| Asset Under Management (AUM)* | September-25 | September-24 | YoY |
| Micro-Enterprise Loans | 5210.02 | 4745.79 | 9.78%↑ |
| SME Loans | 4632.82 | 3973.97 | 16.58%↑ |
| 2-Wheeler Loans | 924.07 | 711.73 | 29.83%↑ |
| Commercial Vehicle Loans | 1059.03 | 900.28 | 17.63%↑ |
| Salaried Personal Loans** | 1173.51 | 684.88 | 71.35%↑ |
| TOTAL AUM | 12999.44 | 11016.65 | 18.00%↑ |
*Represents underlying assets in each of the categories. As on 30th September 2025, 34.45% of the total underlying assets are through various NBFCs.
**New Product Segment
The MSME segment contributed approximately 60% in the YoY AUM growth of the company while other products also contributed meaningfully.
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