MAS Financial Services Targets 20–25% AUM Growth Amid Diversified Lending Strategy

MAS Financial Services is focusing on its diversified lending model and disciplined execution to achieve medium-term AUM growth of 20–25%. Chairman and Managing Director Kamlesh Gandhi said improved eligible demand and operational expansion will drive performance in the coming quarters in an interview with CNBC TV18.

Growth Outlook

The company reported 4% sequential growth in Q2 FY26 and expects acceleration to 5–7% QoQ from the third quarter onward. Gandhi reaffirmed the target range, citing consistent quarter-on-quarter increases and a promising outlook for MSME lending.

Lending Model and Segments

MAS Financial operates as a diversified NBFC, sourcing assets across MSME, vehicle, and personal loans. Gandhi highlighted that this broad-based approach positions the company to sustain growth across market cycles while maintaining strong risk management practices.

Asset Quality and Credit Costs

Credit costs are expected to remain stable at 1.35–1.5%, in line with historical trends. Gandhi noted that minor variations may occur depending on portfolio composition, but overall asset quality remains robust.

Operational Expansion

Operating expenses increased during the quarter due to planned distribution expansion, including hiring 500 employees. Gandhi said the move strengthens presence across 15,000 PIN codes and will moderate as disbursements rise. Better yields are offsetting higher costs, ensuring steady ROA metrics.

MAS Financial Services Share Price Performance

On November 7, 2025, MAS Financial Services share price opened at ₹304.20, compared to the previous close of ₹304.20. During the session, the stock touched a high of ₹313.00 and a low of ₹297.75 before closing at ₹307.30, up by 1.02% at the end of the trading day.

The stock recorded a traded volume of 1.90 lakh shares and a traded value of ₹5.79 crore on the NSE. The market capitalisation stood at ₹5,576.06 crore. Over the past 52 weeks, MAS Financial Services has hit a high of ₹350.45 and a low of ₹220.06. The stock is currently trading at a P/E ratio of 16.83.

Read More: Power Finance Corporation Reports ₹4,462 Crore Net Profit in Q2 FY26.

Conclusion

MAS Financial Services is leveraging its diversified lending model and operational expansion to meet growth targets while maintaining asset quality. With stable credit costs and a strong MSME rebound, the company remains positioned for sustainable performance in FY26.

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