MAS Financial Services Limited — Investor Meet, 29-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

MAS Financial Services reported a strong Q1 FY26, with AUM up 20.43% YoY to INR12,505 Cr and PAT increasing 19% to INR84 Cr. ROA stood at 2.84%, with Net Stage 3 assets controlled at 1.63%. The company targets 20-25% AUM growth, aiming for the next INR13,000 Cr in three years. A strategic shift to retail distribution is driving higher upfront operational costs, but also improves NIMs. Management anticipates 25-35 bps reduction in borrowing costs this year. Asset quality on the ground shows stabilization, with improvements expected in coming quarters. The company is piloting used car loans.