MAS Financial Services LimitedAUM +23% to ₹17,042 Cr, consolidated PAT ₹115 Cr (+26%)

MAS Financial Services' Q2 FY27 call, held on 29 October 2026, reported consolidated assets under management of ₹17,042 crore, up 23.31%, and consolidated profit after tax of ₹115 crore, up about 26%.

Standalone AUM rose 23.17% to ₹16,011 crore and standalone profit after tax rose 22.69% to ₹110.05 crore, while the housing finance subsidiary crossed ₹1,000 crore of AUM with profit up 54.71%. Standalone gross Stage 3 assets edged up to 2.63% from 2.58% in June, with net Stage 3 steady at 1.70%, and capital adequacy was 22.12%. The average cost of borrowing fell to 9.19%, but management expects it to rise 20 to 25 basis points to 9.4% to 9.5% after the RBI's 25 basis point repo hike and a further 25 expected.

It reiterated 20% to 25% AUM growth, a return on assets of 2.75% to 3%, no near-term capital raise and a goal of ₹1 lakh crore of AUM by 2036. About 10% of the portfolio sits in drought-declared states, with direct agriculture lending under 1%.