Hello!

MAT is a national mba entrance exam. More than 500+ colleges in India accepts MAT scores.

If you're targeting very good colleges than a score of 99+ percentile will fetch you get colleges with best ROIs.

For decent Colleges I would say that a score of 95+ percentile is safe enough to convert good average colleges (other than score your profile overall also matters for getting admissions)

Going a little below than 90+ percentile is you can get a few below average colleges also.

Going below this is not recommended.

Although you can visit the below link for more details:

https://www.google.com/amp/s/bschool.careers360.com/articles/top-b-schools-accepting-mat-scores-and-cutoffs/amp