Motilal Oswal Financial Services Ltd (MOFSL) posted a net loss of ₹63.19 crore for the quarter ended March 31, 2025, compared to a profit of ₹724.60 crore in the same period last year. The sharp downturn was primarily driven by a significant decline in revenue and losses on fair value changes.
The company’s total revenue from operations plunged to ₹1,190.26 crore, down 45% from ₹2,153.84 crore in Q4 FY24. Fee and commission income, its largest contributor, dropped slightly to ₹1,023.36 crore from ₹1,149.64 crore YoY. Additionally, Motilal reported a net loss on fair value changes of ₹42.89 crore, reversing a gain of ₹423.58 crore in the same quarter last year.
Expenses remained elevated, with total costs amounting to ₹1,235.21 crore for the quarter, including:
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Employee benefit expenses: ₹432.50 crore
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Finance cost: ₹298.49 crore
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Fees and commission expense: ₹270.39 crore
Despite the quarterly setback, Motilal Oswal ended FY25 with a net profit of ₹2,508 crore, up from ₹2,446 crore in FY24, supported by strong operational performance in the earlier quarters.
