| Particulars | Q1 FY26 (Unaudited) | Q1 FY25 (Unaudited) | YoY Change | Q4 FY25 (Audited) | QoQ Change |
|---|---|---|---|---|---|
| Total Income | 443.77 | 346.83 | +27.95% | 416.91 | +6.44% |
| Net Profit | 83.90 | 70.43 | +19.13% | 80.82 | +3.81% |
| Revenue from Operations | 443.41 | 345.92 | +28.19% | 416.51 | +6.46% |
| Finance Costs | 206.18 | 171.77 | +19.91% | 191.00 | +7.95% |
| Impairment on Financial Instruments | 42.43 | 23.94 | +77.23% | 42.68 | -0.59% |
| Employee Benefits Expenses | 33.45 | 26.68 | +25.37% | 31.38 | +6.59% |
| Basic EPS (₹) | 4.62 | 4.25 | +8.71% | 4.46 | +3.59% |
| Diluted EPS (₹) | 4.62 | 4.25 | +8.71% | 4.46 | +3.59% |
Financial Performance
The company's revenue from operations increased by 28.19% year-on-year, reaching ₹443.41 crore for the quarter ended June 30, 2025, compared to ₹345.92 crore for the quarter ended June 30, 2024. Interest income rose to ₹368.72 crore from ₹295.16 crore in the same period last year. Fees and commission income also saw an increase, reaching ₹29.59 crore compared to ₹18.94 crore year-on-year.
Other income stood at ₹0.36 crore, a decrease from ₹0.91 crore in the corresponding quarter of the previous year. Total expenses for the quarter amounted to ₹331.34 crore, compared to ₹252.44 crore in the same period last year. Finance costs increased to ₹206.18 crore from ₹171.77 crore, while impairment on financial instruments rose to ₹42.43 crore from ₹23.94 crore.
Board Meeting Outcomes
In addition to approving the financial results, the Board of Directors also approved the Director's Report for the financial year 2024-25 and the notice for the 30th Annual General Meeting (AGM) of the company. The AGM is scheduled to be held on Wednesday, September 3, 2025, via video conferencing.
The Board has fixed the book closure dates from August 28, 2025, to September 3, 2025, for the purpose of dividend declaration and the AGM. The remote e-voting period will commence on August 30, 2025, and end on September 2, 2025. Members holding shares as of August 27, 2025, are eligible to cast their votes through remote e-voting.
The Board also approved the re-appointment of Mr. Dhvanil Gandhi as a Director, subject to the approval of the members at the upcoming AGM. Furthermore, M/s. Ashish Shah & Associates were appointed as the Secretarial Auditor of the Company for a period of five consecutive years, commencing from the financial year 2025-26, subject to member approval.
Other Key Highlights
The Board approved related party transactions involving an investment of up to ₹35 lakh in MASFin Insurance Broking Private Limited, a subsidiary company. Disclosures regarding this investment will be shared as and when the investment is made.
The company's disclosures pursuant to RBI guidelines indicate that the aggregate principal outstanding of loans transferred through assignment during the quarter ended June 30, 2025, was ₹637.83 crore. The aggregate principal outstanding of loans acquired through assignment during the same period was ₹162.28 crore.
Regulatory Compliance
The unaudited standalone financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and comply with Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statutory Auditors have expressed an unmodified conclusion on these financial results.
