MAS Financial Services Limited (NSE:MASFIN)

MAS Financial Services Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	4,171	3,712	3,104	2,511	2,033	1,592
Depreciation & Amortization	70.6	59.8	49.7	37.7	24.9	20.1
Other Amortization	12.6	12.6	6.3	5.2	2.3	0.6
Gain on Sale of Loans & Receivables	-	-	-	-	-	24.8
Loss (Gain) From Sale of Investments	-2,119	-2,365	-1,498	-1,272	-731.3	3
Asset Writedown & Restructuring Costs	-17.8	-17.6	-7.5	-25.2	-28.3	-28.6
Provision for Credit Losses	1,366	1,366	971.5	751.7	462.7	322.6
Change in Accounts Payable	735.7	-48.4	120.4	65.2	3.8	78.5
Change in Other Net Operating Assets	-27,880	-20,868	-14,055	-15,197	-16,104	-9,487
Other Operating Activities	-534.1	-156	-226.7	-690.8	4.7	-579.1
Operating Cash Flow	-23,760	-17,868	-11,232	-13,661	-14,259	-8,053
Operating Cash Flow Growth	-	-	-	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-967.5	-916.6	-295.4	-222.9	-109.5	-53.4
Sale of Property, Plant & Equipment	1.5	0.1	-	1.1	2.4	0.1
Investment in Securities	2,073	5,587	-7,987	722.6	-2,933	-2,891
Other Investing Activities	-	-	-	-	-	-5,255
Investing Cash Flow	1,107	4,670	-8,282	500.8	-3,041	-8,199

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	1,025	1,838	-	-	593.8
Long-Term Debt Issued	-	46,816	41,551	38,422	31,933	20,609
Total Debt Issued	44,065	47,840	43,389	38,422	31,933	21,203
Short-Term Debt Repaid	-	-	-	-2,103	-2,060	-
Long-Term Debt Repaid	-	-36,589	-26,132	-23,204	-12,838	-11,825
Lease Payments	-13.1	-12.1	-8.4	-5.4	-2.8	-5.2
Total Debt Repaid	-25,414	-36,589	-26,132	-25,307	-14,899	-11,825
Net Debt Issued (Repaid)	18,651	11,252	17,258	13,115	17,035	9,378
Issuance of Common Stock	-	-	4,841	-	0.1	-
Common Dividends Paid	-363.3	-354.2	-274.3	-265.5	-194.5	-150.7
Total Dividends Paid	-363.3	-354.2	-274.3	-265.5	-194.5	-150.7
Other Financing Activities	50	50	49.9	50	-	-
Financing Cash Flow	18,338	10,948	21,874	12,900	16,840	9,227

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Cash Flow	-4,315	-2,250	2,360	-260	-459.7	-7,025

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	-24,727	-18,784	-11,527	-13,883	-14,369	-8,106
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	-221.81%	-187.27%	-147.83%	-231.66%	-309.75%	-239.89%
Free Cash Flow Per Share	-136.29	-103.52	-64.91	-84.66	-87.62	-49.43
Free Cash Flow After Leases	-24,740	-18,796	-11,536	-13,889	-14,372	-8,111

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	9,820	8,966	7,698	6,989	4,846	3,547
Cash Income Tax Paid	1,598	1,296	999.4	802	614.7	653

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

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