MAS Financial Services Releases Q3FY26 Earnings Conference Call Transcript
MAS Financial Services published its Q3FY26 earnings conference call transcript revealing strong financial performance with consolidated AUM growing 18.28% to ₹14,641 crores and PAT increasing 20.55% to ₹97 crores. The company maintained stable asset quality with net Stage 3 assets at 1.72% while its housing finance subsidiary achieved 23% AUM growth. Management expressed confidence in returning to target growth of 20-25% within 2-3 quarters.
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MAS Financial Services Limited has released the complete transcript of its Q3FY26 earnings conference call held on January 29, 2026. The company announced the availability of this transcript on February 5, 2026, pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Strong Q3FY26 Financial Performance
The earnings call revealed robust financial performance for the quarter and nine months ended December 31, 2025. The company achieved significant growth across key metrics, demonstrating resilience in challenging market conditions.
| Performance Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Consolidated AUM: | ₹14,641 crores | ₹12,378 crores | 18.28% |
| Consolidated PAT: | ₹97 crores | ₹80 crores | 20.55% |
| Standalone AUM: | ₹13,782 crores | ₹11,677 crores | 18.00% |
| Total Income: | ₹481 crores | ₹390 crores | 23.00% |
Asset Quality and Risk Management
The company maintained stable asset quality metrics during the quarter. Management highlighted their continued focus on risk management while positioning for growth recovery.
| Asset Quality Metrics: | December 2025 | September 2025 |
|---|---|---|
| Gross Stage 3 Assets: | 2.56% | 2.53% |
| Net Stage 3 Assets: | 1.72% | 1.69% |
| Management Overlay: | ₹17.60 crores (0.16%) | Maintained |
| Capital Adequacy Ratio: | 22.85% | Strong position |
Housing Finance Subsidiary Performance
The housing finance subsidiary demonstrated strong growth momentum, achieving 23% AUM growth and significant profitability improvements.
| Housing Finance Metrics: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| AUM: | ₹859 crores | ₹701 crores | 23% |
| Income: | ₹26 crores | ₹20 crores | 29% |
| PAT: | ₹3.45 crores | ₹2.39 crores | 45% |
| Net Stage 3 Assets: | 0.67% | Well controlled | - |
Management Outlook and Strategy
Chairman and Managing Director Kamlesh Gandhi expressed confidence in returning to the company's target growth trajectory of 20-25% within the next 2-3 quarters. The management emphasized their multi-product approach focusing on MSME, SME, and wheels (2-wheeler and commercial vehicles) segments.
The company maintained its dividend policy, declaring an interim dividend of ₹1.25 per share on a face value of ₹10. Management highlighted improved market conditions and increasing eligible demand as positive indicators for future growth.
Regulatory Compliance and Availability
The complete transcript is available on the company's website at https://mas.co.in/pdf/Q3_FY26.pdf . The disclosure was signed by Riddhi Bhaveshbhai Bhayani, Company Secretary & Chief Compliance Officer, ensuring proper regulatory compliance and corporate governance standards.
Historical Stock Returns for MAS Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.50% | -1.09% | +7.04% | +6.08% | +39.90% | +18.13% |
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