Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of MAS FINANC SER
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 278 | 293 | 310 | 335 | 347 | 364 | 384 | 410 | 439 | 466 | 480 | 507 | 542 |
| Interest | 150 | 150 | 154 | 172 | 171 | 181 | 185 | 195 | 202 | 217 | 224 | 231 | 235 |
| Expenses + | 57 | 66 | 76 | 76 | 83 | 86 | 95 | 106 | 124 | 132 | 134 | 143 | 170 |
| Financing Profit | 72 | 77 | 81 | 86 | 93 | 97 | 104 | 109 | 114 | 117 | 123 | 133 | 138 |
| Financing Margin % | 26% | 26% | 26% | 26% | 27% | 27% | 27% | 27% | 26% | 25% | 26% | 26% | 25% |
| Other Income + | 1 | 0 | 3 | 2 | 1 | 1 | 1 | 1 | 0 | 1 | 2 | -4 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 72 | 77 | 83 | 87 | 94 | 97 | 104 | 108 | 112 | 116 | 123 | 127 | 139 |
| Tax % | 21% | 25% | 25% | 26% | 25% | 25% | 25% | 26% | 26% | 25% | 26% | 27% | 25% |
| Net Profit + | 57 | 58 | 62 | 64 | 70 | 73 | 78 | 80 | 83 | 87 | 91 | 93 | 104 |
| EPS in Rs | 3.43 | 3.47 | 3.73 | 3.88 | 4.23 | 3.95 | 4.23 | 4.38 | 4.54 | 4.71 | 4.98 | 5.08 | 5.68 |
| Gross NPA % | |||||||||||||
| Net NPA % |
Financials of MAS FINANC SER
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 238 | 309 | 365 | 477 | 605 | 710 | 627 | 690 | 980 | 1,289 | 1,597 | 1,995 |
| Interest | 113 | 142 | 165 | 187 | 225 | 299 | 286 | 340 | 498 | 650 | 770 | 907 |
| Expenses + | 62 | 82 | 92 | 118 | 138 | 175 | 143 | 132 | 209 | 297 | 403 | 579 |
| Financing Profit | 63 | 85 | 107 | 171 | 242 | 236 | 198 | 218 | 273 | 342 | 424 | 510 |
| Financing Margin % | 26% | 27% | 29% | 36% | 40% | 33% | 32% | 32% | 28% | 27% | 27% | 26% |
| Other Income + | 0 | -0 | -0 | -2 | -2 | -3 | 0 | 1 | 1 | 2 | 3 | 2 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 2 | 3 | 4 | 6 | 7 |
| Profit before tax | 62 | 84 | 106 | 168 | 238 | 230 | 196 | 217 | 272 | 340 | 421 | 505 |
| Tax % | 34% | 35% | 35% | 37% | 35% | 27% | 26% | 26% | 24% | 25% | 25% | 26% |
| Net Profit + | 41 | 55 | 69 | 105 | 155 | 168 | 146 | 161 | 206 | 254 | 314 | 376 |
| EPS in Rs | 8.33 | 11.29 | 5.32 | 6.41 | 9.36 | 10.21 | 8.80 | 9.71 | 12.39 | 15.31 | 17.11 | 20.46 |
| Dividend Payout % | 19% | 20% | 20% | 19% | 18% | 26% | 6% | 10% | 10% | 23% | 10% | 10% |
Financials of MAS FINANC SER
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 43 | 55 | 55 | 55 | 55 | 55 | 55 | 164 | 181 | 181 |
| Reserves | 88 | 122 | 241 | 725 | 861 | 932 | 1,125 | 1,295 | 1,464 | 1,619 | 2,427 | 2,793 |
| Borrowing | 1,124 | 1,404 | 1,311 | 1,455 | 2,273 | 2,796 | 3,513 | 4,439 | 6,128 | 7,426 | 9,156 | 10,317 |
| Other Liabilities + | 343 | 405 | 605 | 665 | 801 | 1,037 | 737 | 519 | 369 | 339 | 434 | 455 |
| Total Liabilities | 1,572 | 1,947 | 2,200 | 2,898 | 3,990 | 4,820 | 5,430 | 6,309 | 8,015 | 9,547 | 12,199 | 13,747 |
| Fixed Assets + | 4 | 8 | 9 | 58 | 13 | 15 | 12 | 14 | 17 | 25 | 27 | 76 |
| CWIP | 0 | 0 | 0 | 0 | 46 | 48 | 50 | 52 | 58 | 70 | 92 | 126 |
| Investments | 0 | 0 | 0 | 0 | 0 | 5 | 202 | 493 | 791 | 726 | 1,526 | 972 |
| Other Assets + | 1,567 | 1,938 | 2,191 | 2,840 | 3,932 | 4,752 | 5,166 | 5,750 | 7,149 | 8,726 | 10,554 | 12,573 |
| Total Assets | 1,572 | 1,947 | 2,200 | 2,898 | 3,990 | 4,820 | 5,430 | 6,309 | 8,015 | 9,547 | 12,199 | 13,747 |
Financials of MAS FINANC SER
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -267 | -281 | -164 | -386 | -468 | 196 | -578 | -805 | -1,426 | -1,366 | -1,133 | -1,787 |
| Cash from Investing Activity + | -2 | -3 | -4 | -49 | 14 | 4 | -199 | -820 | -304 | 50 | -828 | 467 |
| Cash from Financing Activity + | 303 | 251 | 34 | 438 | 802 | 448 | 719 | 923 | 1,684 | 1,290 | 2,198 | 1,095 |
| Net Cash Flow | 34 | -32 | -134 | 3 | 348 | 648 | -59 | -702 | -46 | -26 | 236 | -225 |
| Free Cash Flow | -268 | -285 | -168 | -435 | -470 | 192 | -580 | -811 | -1,437 | -1,388 | -1,163 | -1,878 |
| CFO/OP | -139% | -111% | -47% | -92% | -85% | 52% | -109% | -133% | -177% | -130% | -87% | -117% |
Financials of MAS FINANC SER
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 44% | 45% | 32% | 20% | 18% | 18% | 13% | 13% | 14% | 15% | 14% | 13% |
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