
Non-banking financial company MAS Financial Services Ltd reported robust financial results for Q4 FY26, with standalone net profit rising 23.4% year-on-year to ₹99.72 crore compared with ₹80.8 crore in Q4 FY25. According to reports from CNBC TV18, the company's standalone net interest income (NII) increased 29% to ₹292.2 crore from ₹226.3 crore in the corresponding quarter last year. On a standalone basis, the company reported AUM of ₹14,363.67 crore and PAT of ₹99.72 crore for the quarter ended March 31, 2026, compared with ₹12,099.82 crore and ₹80.82 crore in the year-ago period. For the full fiscal year FY26, the company achieved consolidated PAT of ₹379.41 crore with standalone PAT reaching ₹366.81 crore, marking significant growth from the previous year.
The Board of Directors, meeting on April 29, 2026, approved a significant increase in the company's borrowing powers to ₹15,000 crore, subject to shareholder consent at the upcoming Annual General Meeting (AGM). This substantial increase in borrowing capacity provides MAS Financial Services with significant financial flexibility to fuel ambitious growth strategies, potentially supporting expansion initiatives, new product development, and deeper market penetration across its operating segments. The company also received approvals for raising up to ₹3,000 crore via Non-Convertible Debentures (NCDs) and ₹1,000 crore via Commercial Papers (CPs), indicating strategic funding plans for diversified funding sources and better management of costs and debt maturities.
The company demonstrated strong business growth with standalone disbursements standing at ₹4,156.58 crore for the quarter ended March 31, 2026. As reported by CNBC TV18, AUM grew approximately 19% year-on-year, while PAT rose around 23%. The MSME segment contributed about 73% to year-on-year AUM growth, with other products also contributing to overall growth. The company's AUM was ₹13,782.29 crore as on December 31, 2025, with projections indicating AUM reaching approximately ₹15,300 to ₹15,500 crore by the end of FY26. The company's AUM was ₹14,363.67 crore for Q4 FY26.
According to the company's financial disclosure, asset quality remained stable with gross stage 3 assets at 2.57% of AUM and net stage 3 assets at 1.70%, compared with 2.56% and 1.72% respectively as on December 31, 2025. The company carried a management overlay of ₹17.50 crore, equivalent to 0.15% of on-book assets. For FY26, standalone PAT stood at ₹366.81 crore, up around 20% year-on-year. The capital adequacy ratio, including tier II capital, stood at 22.84%, with tier I capital at 21.50% as of March 31, 2026.
The Board of Directors recommended a final dividend of ₹0.75 per equity share, pending shareholder approval at the upcoming Annual General Meeting (AGM), with the company declaring an interim dividend of 12.50% (₹1.25 per share). This brings the total dividend for the year to 20% (₹2 per share) of face value ₹10, subject to shareholder approval. The company, founded in 1995 and listed in 2017, operates as a Gujarat-based NBFC serving lower and middle-income segments with products including micro-enterprise loans, SME loans, two-wheeler loans, commercial vehicle loans, and housing loans. MAS Financial has a long-term strategy to achieve ₹1,00,000 crore in consolidated AUM by 2036, with current growth drivers in the SME, vehicle, and housing finance sectors.