| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Total income | 592 | 482 | +22.7% |
| Net interest income | 253 | 174 | +45.4% |
| Net profit | 115 | 91.4 | +25.9% |
| EPS | ₹6.24 | ₹4.98 | +25.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 4,582 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 2,207 | 2,002 | 1,600 | 1,286 | 990 | ||
| — | +25.1% | +24.5% | +29.8% | — | ||
| 898 | 742 | 596 | 430 | 347 | ||
| — | +24.4% | +38.6% | +23.9% | — | ||
| 5.7% | 5.7% | 5.5% | 4.9% | 4.8% | ||
| 25.6% | 25.6% | 26.3% | 25.0% | 22.7% | ||
| 1.8% | 1.8% | 1.5% | 1.3% | 1.0% | ||
| 423 | 376 | 314 | 254 | 206 | ||
| — | +19.7% | +23.6% | +23.4% | — | ||
| ₹22.98 | ₹20.46 | ₹17.11 | ₹13.84 | ₹11.20 | ||
| — | +19.6% | +23.6% | +23.5% | — | ||
| 13.3% | 13.3% | 14.0% | 14.9% | 14.2% | ||
| 2.9% | 2.9% | 2.9% | 2.9% | 2.9% | ||
Balance sheet | ||||||
| 12,912 | 11,118 | 9,174 | 7,719 | 6,246 | ||
| — | +21.2% | +18.8% | +23.6% | — | ||
| 10,314 | 10,314 | 9,156 | 7,426 | 6,128 | ||
| 3.40× | 3.40× | 3.45× | 4.08× | 3.97× | ||
| 4.53× | 4.53× | 4.60× | 5.25× | 5.19× | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 4,581.6 | |
| Total Income | 990.3 | 1,285.7 | 1,600.2 | 2,002.3 | 2,206.9 | |
| Growth %, YoY | — | +29.8 | +24.5 | +25.1 | — | |
| Net Interest Income | 347.3 | 430.4 | 596.5 | 742.0 | 897.8 | |
| Growth %, YoY | — | +23.9 | +38.6 | +24.4 | — | |
| NIM %, on assets | 4.84 | 4.90 | 5.49 | 5.72 | 5.72 | |
| Cost to Income % | 22.66 | 25.02 | 26.33 | 25.56 | 25.56 | |
| Credit Cost %, on avg loans | 0.97 | 1.30 | 1.52 | 1.77 | 1.77 | |
| Net Income | 205.8 | 254.0 | 314.0 | 375.8 | 423.1 | |
| Growth %, YoY | — | +23.4 | +23.6 | +19.7 | — | |
| EPS, Adj (current shares) | 11.20 | 13.84 | 17.11 | 20.46 | 22.98 | |
| Growth %, YoY | — | +23.5 | +23.6 | +19.6 | — | |
| ROE % | 14.20 | 14.93 | 14.02 | 13.30 | 13.30 | |
| ROA % | 2.87 | 2.89 | 2.89 | 2.90 | 2.90 | |
| Balance Sheet | ||||||
| Loans | 6,246.2 | 7,719.4 | 9,174.1 | 11,117.9 | 12,911.6 | |
| Growth %, YoY | — | +23.6 | +18.8 | +21.2 | — | |
| Total Borrowings | 6,127.5 | 7,425.9 | 9,155.7 | 10,314.1 | 10,314.1 | |
| Debt/Equity × | 3.97 | 4.08 | 3.45 | 3.40 | 3.40 | |
| Leverage (Assets/Equity) × | 5.19 | 5.25 | 4.60 | 4.53 | 4.53 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
MAS Financial Services (NSE: MASFIN) had a market capitalisation of ₹4,439 crore at the 30 October 2026 close (₹244.65 a share), a PE ratio of 10.6 on the last four quarters' profit and a price-to-book ratio of 1.38. In FY26 its consolidated net profit attributable to shareholders was ₹371 crore on revenue of ₹1,995 crore; in Q2 FY27 (July–September 2026) it was ₹113 crore, up 25.4% year on year. Promoters held 66.66% of the shares on 30 September 2026.
MAS Financial Services' PE ratio is 10.6 at the 30 October 2026 close (₹244.65 a share): a market capitalisation of ₹4,439 crore divided by consolidated net profit attributable to shareholders of ₹417 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹371 crore) it is 12.0.
MAS Financial Services' price-to-book (PB) ratio is 1.38 at the 30 October 2026 close: a market capitalisation of ₹4,439 crore divided by shareholders' equity (book value) of ₹3,222 crore on 30 September 2026. That is a book value of ₹177.55 per share against a share price of ₹244.65.
MAS Financial Services' debt-to-equity ratio was 3.58 on 30 September 2026: borrowings, debt securities, deposits and subordinated debt of ₹11,783 crore against total equity of ₹3,287 crore. A year earlier, on 30 September 2025, it was 3.47.
MAS Financial Services' market capitalisation was ₹4,439 crore at the 30 October 2026 close: 18.15 crore shares at ₹244.65 each.
In FY26, MAS Financial Services' return on equity (ROE) was 13.3%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year).
MAS Financial Services' basic earnings per share (EPS) were ₹20.46 in FY26, against ₹17.48 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹22.99.
MAS Financial Services' net worth — shareholders' equity in its consolidated balance sheet — was ₹3,222 crore on 30 September 2026, up 14.6% from ₹2,811 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹4,439 crore at the 30 October 2026 close.
MAS Financial Services' book value per share was ₹177.55 on 30 September 2026: shareholders' equity of ₹3,222 crore divided by the 18.15 crore shares in issue, up 14.6% from ₹154.92 a year earlier. The share price at the 30 October 2026 close was ₹244.65.
MAS Financial Services' dividend yield is 0.82% at the 30 October 2026 close: dividends of ₹2 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹244.65. They were ₹0.75 on 25 August 2026 and ₹1.25 on 4 February 2026 (interim).
In 2026, MAS Financial Services has declared two dividends totalling ₹2 a share: ₹1.25 (interim) with record date 4 February 2026 and ₹0.75 with record date 26 August 2026 and ex-date 25 August 2026.
Promoters held 66.66% of MAS Financial Services on 30 September 2026, up 0.01 percentage points from 66.65% the previous quarter and up 0.03 percentage points from 66.63% a year earlier, according to the shareholding pattern filed with NSE.
MAS Financial Services' latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit attributable to shareholders ₹113 crore, up 25.4% from ₹90.3 crore in Q2 FY26; revenue from operations ₹589 crore, up 22.7% year on year.
On 30 September 2026, MAS Financial Services' shares were held by promoters 66.66%, foreign portfolio investors (FII/FPI) 2.67%, domestic institutions (DII) 19.99% (including mutual funds at 15.18%) and retail and other non-institutional investors 10.68%. Over the year, FII holding was down 0.51 percentage points from 3.18% and DII holding was down 0.17 percentage points from 20.16%.
At the 30 October 2026 closing prices, on FY26 net profit attributable to shareholders, MAS Financial Services' PE ratio is 12.0, the third highest of the four: Northern Arc Capital 10.1, Paisalo Digital 30.3 and Aye Finance 16.3, a peer average of 18.9. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, MAS Financial Services earned net profit attributable to shareholders of ₹371 crore on revenue of ₹1,995 crore, against ₹406 crore on ₹2,690 crore for Northern Arc Capital. At the 30 October 2026 close, MAS Financial Services' market capitalisation was ₹4,439 crore against ₹4,086 crore for Northern Arc Capital, and its PE ratio on FY26 profit 12.0 against 10.1.
In FY26 (April 2025–March 2026), MAS Financial Services' consolidated net profit attributable to shareholders was ₹371 crore, up 19.6% from ₹310 crore in FY25, on revenue from operations of ₹1,995 crore (up 25.0%). Over three years, from FY23, net profit was up 82.6%.
MAS Financial Services has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against Northern Arc Capital, Paisalo Digital and Aye Finance: MAS Financial Services' return on equity of 13.3% is the second highest of the four (Northern Arc Capital 11.1%, Paisalo Digital 14.3%, Aye Finance 7.7%; peer average 11.0%).
From MAS Financial Services' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.