MAS Financial Services

Consolidated AUM grows from ₹6,939 Cr in Q1 FY26 to ₹1,51,467 Cr in Q1 FY27, reflecting massive portfolio expansion.

Loans past 120 days rise from 1.95% in Q1 FY26 to 2.02% in Q1 FY27, signaling aging credit stress.

Cost of borrowing falls from 9.80% in Q1 FY26 to 9.25% in Q1 FY27, improving net interest margins.

Stage 3 assets on assigned portfolio grow from ₹498 Cr in Q1 FY26 to ₹692 Cr in Q1 FY27, indicating off-book risk transfer.

On-book AUM share rises from 79% in Q2 FY26 to 82% in Q1 FY27, increasing retained earnings.

Operating expense as a share of gross income increases from 18.64% in Q1 FY26 to 20.20% in Q1 FY27, pressuring profitability.

Return on average net worth improves from 13.79% in Q1 FY26 to 15.10% in Q1 FY27, rewarding shareholders.

Tier-II capital ratio declines from 2.03% in Q1 FY26 to 1.31% in Q1 FY27, reducing supplementary capital buffers.

Direct retail distribution mix increases from 65% in Q1 FY26 to 67% in Q1 FY27, strengthening margin control.

Two-wheeler loan AUM peaks at ₹10,633 Cr in Q4 FY26 but dips to ₹10,390 Cr in Q1 FY27, showing segment normalization.