MAS Financial Services (MFSL) continues to demonstrate robust fundamental strength, recently outperforming its sector index with a 9% stock gain. The company is currently trading near ₹330–₹340, maintaining a healthy market capitalization of approximately ₹6,000 crore. Latest Q3 FY2026 data confirms an acceleration in growth, with consolidated Assets Under Management (AUM) rising 18.3% year-on-year to reach ₹14,641 crore. This momentum is supported by a 23% increase in total income, which climbed to ₹481 crore for the quarter. Profitability remains a core highlight, with standalone Profit After Tax (PAT) increasing 20% to reach ₹93.5 crore. The company's net interest margins have shown improvement even as the broader NBFC sector faces regulatory tightening. Asset quality remains disciplined, with Net Stage 3 assets stable at 1.72%. The company’s housing finance subsidiary has emerged as a high-growth engine, reporting a 23% AUM surge to ₹859 crore and an impressive 45% growth in profit. The management has reiterated its ambitious "Vision 2036," aiming to scale AUM to ₹1,00,000 crore over the next decade. To support this, they target a sustainable growth rate of 20% to 25% annually, driven by MSME lending and vehicle finance. Market analysts maintain a "Strong Buy" outlook on the stock, with revised price targets reaching as high as ₹395–₹414. These valuations reflect confidence in the company’s capital adequacy ratio of 22.8%, which provides significant headroom for future disbursements. The broader NBFC landscape in India is projected to reach ₹50 lakh crore in total AUM by March 2027. MFSL is strategically positioned to capture this expansion, particularly in the used-vehicle and micro-LAP segments where it holds a competitive edge. Operational efficiency is being further enhanced through technology, with over 50 digital APIs now integrated for loan sourcing. This digital-first approach is expected to keep credit costs within the managed range of 1.35% to 1.50% while expanding the distribution reach to underserved geographies. [MAS Financial Q3 Earnings Analysis](https://www.youtube.com/watch?v=ctjYRjuQTiE) This video provides direct commentary from the management on the latest quarterly results and the progress toward their long-term AUM targets. http://googleusercontent.com/youtube_content/0