Motilal Oswal Reports Highest-Ever Quarterly Profit, Driven by 46% Growth in Asset and Private Wealth Management Segment

Motilal Oswal Reports Highest-Ever Quarterly Profit, Driven by 46% Growth in Asset and Private Wealth Management Segment​

Motilal Oswal Financial Services Limited (MOFSL) reported a record high quarterly Total Profit After Tax (PAT) of ₹1,513 Cr for the first quarter of FY27, which includes Other Comprehensive Income (OCI). The strong performance was largely propelled by the Asset and Private Wealth Management segment, which recorded 46% year-on-year (YoY) growth.

The consolidated results showcased a resilient business model underpinned by a strategic focus on annuity and fee-based revenues, with the Annual Recurring Revenue (ARR) share rising to 66%.

Q1 FY27 Financial Performance Snapshot​

The company achieved an Operating PAT of ₹609 Cr for the quarter ended June 30, 2026. Key financial takeaways include:

• Total Profit After Tax: ₹1,513 Cr (including OCI).
• Operating Profit: ₹609 Cr, a reported decline of 8% Quarter-on-Quarter (QoQ).
• Asset & Private Wealth Management (A&PWM): Recorded a profit of ₹335 Cr in Q1 FY27, marking a 46% YoY increase. This segment now contributes 40% to the group's PAT.
• Wealth Management: Generated a net revenue of ₹161 Cr, representing a (7%) decline on a YoY basis. However, Annual Recurring Revenue for this business grew by 26% YoY to ₹304 Cr.

Segmental Growth and Operational Highlights​

The Q1 FY27 performance highlighted the diversified strength across MOFSL’s operating businesses:

• Asset & Private Wealth Management (A&PWM): This segment reported a profit of ₹335 Cr. The business saw Total Asset Under Management (AUM) grow by 31% YoY, reaching ₹2.12 lakh Cr.
• Capital Markets: Registered a Q1 FY27 profit of ₹76 Cr. The fee income in this segment rose by 48% QoQ.
• Housing Finance: The sector generated a PAT of ₹32 Cr, achieving a 36% YoY growth. AUM grew 23% YoY to ₹6,164 Cr, and the company maintained a Gross Non-Performing Assets (GNPA) ratio of 1.1%.

The company continues to emphasize its focus on annuity streams, which collectively contribute approximately 59% to Net Revenue across Wealth Management and Distribution. The Treasury book also expanded by 22% YoY to ₹10,482 Cr.

Credit Rating Upgrades and Strategic Focus​

MOFSL received positive developments from rating agencies during the quarter:

• CRISIL upgraded the company's long-term credit rating from AA/Positive to AA+/Stable, citing the strength of its franchise and business model resilience.
• ICRA Limited reaffirmed ratings for both Commercial Paper Programme (Al+) and Non-Convertible Debentures (AA+ Stable).
• India Ratings assigned and reaffirmed IND Al+ to the Commercial Paper Programme and IND AA/Positive to the Non-Convertible Debentures and bank loan facilities.

The company is also expanding its presence in the market, with MO Alternates AUM growing by 99% YoY, following the execution of a private credit fund raising ₹2,435 Crs, targeting a total raise of ₹3,000 Cr.

Management noted that the Group's profitability and resilience are supported by its commitment to increasing ARR mix and maintaining strong capitalization across all operating businesses.

MOTILALOFS Stock Price Movement​

Today, Motilal Oswal Financial Services Limited settled at ₹940.25 after edging marginally higher by 0.16% in post-market trading. The stock traded during the session between a low of ₹935.55 and a high of ₹951.95 on a total traded volume of 666,641 shares.