Master Trust quarterly results and financials

Master Trust (MASTERTR)₹76.65−1.05%(9 Nov 2026 close)Stockbroking & Allied

Key facts

In the Jun 2026 quarter (consolidated), Master Trust reported sales of ₹151 Cr, up 13.6% from Jun 2025, and net profit of ₹34.90 Cr, up 29.6% year on year. For the year to Mar 2026, sales were ₹579 Cr and net profit ₹126 Cr.

Sales (Jun 2026): ₹151 Cr
Net profit (Jun 2026): ₹34.90 Cr
Sales (FY Mar 2026): ₹579 Cr
Net profit (FY Mar 2026): ₹126 Cr
EPS (Jun 2026): ₹2.81
Borrowings (Mar 2026): ₹227 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Master Trust quarterly results

₹ crore unless stated; each column is a quarter.

Master Trust Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	120	124	165	161	155	149	122	132	128	138	182	151
Expenses	74.87	70.86	94.83	97.91	89.84	83.90	68.90	79.87	67.89	75.85	117	87.80
Operating Profit	45.85	52.82	68.77	61.78	63.78	63.80	52.83	51.86	58.85	60.84	63.79	61.79
OPM %	38.1%	42.1%	42.1%	39.1%	42.1%	43.1%	43.1%	39.1%	47.1%	45.1%	35.1%	41.1%
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	13.99	14.99	15.99	15.01	15.01	15.99	14.99	14.99	14.99	14.99	13.99	14.99
Depreciation	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.01
Profit before tax	30.99	37.02	51.96	44.99	48.96	47.01	37.01	35.98	43.01	45.01	49.03	46.03
Tax %	23.9%	24.0%	27.0%	23.9%	23.9%	26.0%	33.9%	24.0%	26.9%	28.9%	25.9%	24.9%
Net Profit	22.90	27.90	37.85	34.85	36.85	34.90	24.91	26.92	30.90	31.90	35.87	34.90
EPS (Rs)	2.13	2.54	3.47	3.13	3.27	3.12	2.18	2.40	2.54	2.55	2.92	2.81

Master Trust profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Master Trust Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	104	109	151	135	137	226	332	341	502	586	579	597
Expenses	81.81	84.88	122	99.84	103	161	222	219	296	341	340	348
Operating Profit	21.95	24.95	27.94	33.92	32.90	62.78	109	120	203	242	235	245
OPM %	21.1%	23.1%	19.1%	25.1%	24.1%	28.1%	33.1%	35.1%	41.1%	42.1%	41.1%	41.1%
Other Income	0.00	1.01	7.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	13.99	14.99	18.99	12.99	18.01	19.01	35.01	32.99	55.99	60.94	58.98	58.96
Depreciation	2.01	2.01	3.01	1.01	2.01	1.01	2.01	3.01	4.01	4.01	4.02	4.04
Profit before tax	4.99	9.01	13.01	19.99	13.01	43.01	71.99	84.99	144	179	172	183
Tax %	31.9%	33.0%	23.0%	13.9%	8.0%	19.9%	23.0%	21.9%	25.0%	26.9%	26.9%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	3.99	5.98	9.97	16.95	11.95	33.86	54.78	65.79	108	131	126	134
EPS (Rs)	0.32	0.53	0.91	1.52	1.12	3.15	5.06	6.05	9.90	11.67	10.24	10.82
Dividend payout %	0.0%	0.0%	11.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Master Trust balance sheet

₹ crore, at each year end.

Master Trust Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10.96	10.98	10.97	10.97	10.97	10.98	10.98	10.98	10.97	10.96	10.97	11.97
Reserves	156	160	166	174	196	203	245	289	354	494	628	806
Borrowings	139	84.80	74.74	68.78	68.85	104	94.69	96.69	161	186	257	227
Other Liabilities	110	171	212	236	297	239	433	628	703	1,170	1,052	1,196
Total Liabilities	417	427	463	490	573	556	784	1,025	1,230	1,862	1,948	2,240
Fixed Assets	11.02	10.03	16.03	15.03	18.04	18.04	18.03	21.06	22.07	22.07	21.04	20.05
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	18.06	23.09	17.06	14.05	32.10	19.07	15.06	7.02	6.02	15.04	19.05	33.10
Other Assets	387	394	429	461	523	519	751	997	1,201	1,825	1,908	2,187
Inventories	34.06	16.03	14.01	22.02	27.05	19.04	12.01	32.02	17.03	23.02	19.04	9.02
Trade receivables	101	86.73	85.72	114	90.72	34.91	65.78	55.85	49.89	125	161	183
Cash & equivalents	120	175	229	234	296	329	578	839	1,019	1,500	1,476	1,830
Total Assets	417	427	463	490	573	556	784	1,025	1,230	1,862	1,948	2,240

Master Trust cash flow

₹ crore, for each year.

Master Trust Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−7.99	53.97	51.91	−1.99	81.95	13.98	−23.98	−14.98	177	458	−36.94	311
Cash from investing activity	28.92	0.99	1.99	6.97	−17.93	18.93	11.97	5.98	−164	−492	53.84	−324
Cash from financing activity	−0.99	0.00	0.00	0.00	−0.99	0.00	0.00	0.00	0.00	24.90	17.94	55.84
Net cash flow	20.96	53.91	53.85	4.99	61.84	32.95	−12.97	−8.98	12.98	−9.97	34.94	42.91
Capex	3.01	1.01	1.01	2.01	4.01	2.01	2.01	4.01	5.01	5.01	3.01	3.01
Free cash flow	−10.01	53.05	51.04	−4.01	78.07	13.01	−25.99	−19.01	172	453	−39.99	308
CFO / OP %	−19.1%	257.9%	222.0%	3.0%	246.9%	46.9%	−29.1%	1.0%	163.9%	241.0%	5.0%	149.9%

Master Trust ratios

Working-capital days and returns, by year.

Master Trust Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	320	305	287	277	247	93	106	60	52	90	99	116
Cash conversion cycle	321	306	288	278	248	94	107	61	53	91	100	117
Working capital days	158	9	−106	−84	−431	−441	−528	−574	−644	−663	−472	−541
ROCE %	10.0%	7.0%	9.0%	13.0%	12.0%	10.0%	19.0%	29.0%	25.0%	33.0%	30.0%	24.0%

Master Trust: frequently asked questions

What are the latest quarterly results of Master Trust?

For the Jun 2026 quarter, Master Trust reported sales of ₹151 Cr, up 13.6% year on year and net profit of ₹34.90 Cr, up 29.6% year on year. The operating margin was 41.1%.

What is the annual revenue of Master Trust?

Master Trust's sales for the year to Mar 2026 were ₹579 Cr; over the last twelve months they were ₹597 Cr.

What is the net profit of Master Trust?

Net profit for the year to Mar 2026 was ₹126 Cr, and ₹134 Cr over the last twelve months. Earnings per share over the same trailing period were ₹10.82.

How much debt does Master Trust have?

Master Trust reported borrowings of ₹227 Cr at Mar 2026, against cash and equivalents of ₹1,830 Cr.

What is the free cash flow of Master Trust?

Cash from operations was ₹311 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹308 Cr.

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