Master Trust Limited Reports Q1 FY2026 Results, Eyes Mutual Fund Business Expansion

Master Trust Limited , a prominent player in the financial services sector with a 40-year legacy, has announced its financial results for the first quarter ended June 30, 2025, showcasing performance and strategic growth initiatives.

Financial Highlights

The company reported the following financial results for Q1 FY2026:

Particulars (Consolidated)	Q1 FY2026 (Rs. in millions)	Q1 FY2025 (Rs. in millions)	YoY Change
Total Income	1,316.60	1,603.60	-17.90%
EBITDA	518.10	619.10	-16.30%
Profit Before Tax	358.70	454.70	-21.10%
Profit After Tax	271.10	346.50	-21.80%
Earnings Per Share (Rs.)	2.40	3.20	-25.00%

Despite a year-on-year decline in financial metrics, Master Trust Limited maintained a strong financial position. The company's consolidated net worth stood at Rs. 6,669.90 million as of June 30, 2025, reflecting a solid capital base.

Operational Performance

Master Trust Limited continues to expand its reach and service offerings:

The company operates through 56 branches across 22 states in India.
It serves over 421,000 registered customers with a workforce of 1,230+ employees.
The company offers a comprehensive range of trading and investment solutions, including equities, derivatives, currencies, commodities, mutual funds, insurance, and portfolio management services.

Strategic Initiatives

Mutual Fund Asset Management Company

In a significant move towards diversification, Master Trust Limited has officially applied to the Securities and Exchange Board of India (SEBI) for setting up its Mutual Fund Asset Management Company. The group plans to introduce a diverse range of mutual fund schemes, including equity across market caps and multi-asset offerings, aiming to make wealth creation more accessible and dynamic for investors.

Merchant Banking Portfolio

The company has signed two merchant banking mandates as of June 30, 2025, further strengthening its position in the investment banking sector.

StreetXperts Educational Initiative

Master Trust Limited continues to focus on financial education through its StreetXperts initiative. During the quarter, the company conducted webinars on various topics, including taxation, algorithmic trading, and investing in NSE Indices, led by seasoned financial experts.

Recognition

The company's efforts in creating a positive work environment were recognized as ET Now named Master Trust Limited one of the Best Organizations to Work in 2025.

Management Commentary

Harjeet Singh Arora, Managing Director of Master Trust Limited, stated, "Our Q1 FY2026 results demonstrate the resilience of our business model in a dynamic market environment. While we've seen some moderation in our financial metrics compared to the same quarter last year, we remain focused on our long-term growth strategy. The initiatives we've undertaken, particularly our foray into the mutual fund business and the expansion of our merchant banking portfolio, position us well for future growth and value creation for our stakeholders."

Master Trust Limited's strategic initiatives, coupled with its strong market presence and diverse service offerings, underscore its commitment to growth and innovation in the financial services sector. As the company awaits SEBI approval for its mutual fund business, it continues to strengthen its core operations and explore new avenues for expansion.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.50%	-14.81%	-12.98%	-6.54%	-28.48%	-28.48%

Master Trust Limited , a diversified financial services company, has reported its financial results for the first quarter, showing a decline in EBITDA but an improvement in margin.

Q1 Financial Highlights

Master Trust Limited announced the following key financial metrics for the quarter:

EBITDA: Rs. 518 million, down from Rs. 619 million in the same quarter last year
EBITDA Margin: 39.35%, improved from 38.61% in the previous year

Segment-wise Performance

The company's consolidated results show a breakdown of revenue across various segments:

Segment	Revenue (Rs. in crore)
Broking & Allied	1,231.00
Interest	29.20
Portfolio Management Services	31.70
Insurance Broking	15.50
Investment/Trading in Securities & others	9.20
Total	1,316.60

Corporate Developments

Workplace Recognition

Master Trust Limited has received recognition from ET Now as one of the Best Organizations to work in 2025. This accolade underscores the company's commitment to maintaining a positive work environment and employee satisfaction.

Mutual Fund AMC Launch

In a strategic move to expand its financial services portfolio, Master Trust Group is launching a Mutual Fund Asset Management Company (AMC). The company has already filed an application with the Securities and Exchange Board of India (SEBI) for this initiative.

Regulatory Compliance

Master Trust Limited operates as a registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI). The company's board of directors approved the unaudited financial results in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary Operations

Master Trust Group's operations are supported by six subsidiaries, including:

Master Capital Services Limited
Master Infrastructure & Real Estate Developers Limited
Master Insurance Brokers Limited

These subsidiaries contribute to the group's diverse range of financial services offerings.

Despite the decrease in EBITDA, the improved EBITDA margin suggests that Master Trust Limited has managed to enhance its operational efficiency. The company's expansion into the mutual fund sector and workplace recognition position it for potential growth in the financial services industry.