MAS Financial Services Ltd reported a 22 per cent year-on-year (y-o-y) increase in second quarter (Q2FY27) standalone net profit at ₹110 crore against ₹90 crore in the year-ago period on the back of robust growth in net interest income and gain on assignment of financial assets.

The Ahmedabad-based non-banking financial company logged a net interest income of ₹237 crore, up 44.5 per cent y-o-y, from ₹164 crore a year ago.

Gain on assignment of financial assets was higher by 17 per cent y-o-y at ₹62 crore (₹53 crore in Q2FY26).

Fees & commission income declined 33 per cent y-o-y to ₹18 crore (₹27 crore). Fees & commission expense rose 50 per cent y-o-y to ₹46.5 crore (₹31 crore).

Loan book, which comprises microenterprise loans, SME loans, two-wheeler loans, commercial vehicle loans and salaried personal loans, increased by 31 per cent y-o-y to stand at ₹12,156 crore as of September-end 2026. Further, standalone assets under management grew by 23 per cent to ₹16,011 crore.

As of 30 September 2026, the company had a total of 7 co-lending agreements with other lenders with outstanding amount of ₹2,437 crore.

Published on October 29, 2026