Motilal Oswal Financial Services Limited has reported a robust financial performance for the fiscal year 2025-26, achieving a 16% year-on-year growth in operating profit after tax, amounting to ₹2,360 crores. This growth was primarily driven by the strong performance of its Asset and Private Wealth Management businesses, which saw a 33% increase in profits and now contribute around 50% of the total operating profit.
The company’s Q4 operating profit after tax also showed significant improvement, growing by 25% to reach an operating PAT run rate of ₹661 crores. Despite challenges in the external environment, including weak markets and regulatory changes, Motilal Oswal has maintained its leadership position through strategic investments in technology, people, and brand.
In the Asset and Private Wealth Management segment, the company reported net flows of ₹70,000 crores and an AUM of ₹3.7 lakh crores, reflecting a 34% year-on-year increase. The Asset Management business alone saw its AUM cross ₹1.5 lakh crores, with significant contributions from diversified products across active, passive, AIF, and PMS categories.
Motilal Oswal’s SIP flows also marked a substantial increase, crossing ₹16,000 crores, up 78% year-on-year, with a market share of 4.7%. The company’s latest AUM stands at ₹1.8 lakh crores, already 15% higher than the FY26 average.
The Alternates business also experienced a notable year, with the largest growth capital fund, IBEF V, raising close to a billion dollars, leading to a 40% growth in fee-accruing AUM. The segment is poised for further growth with upcoming launches, including a ₹3,000 crore Private Credit fund and new real estate funds.
Motilal Oswal’s strategic focus on expanding its product offerings and enhancing its market share in net flows positions it well for continued growth. The company remains optimistic about its prospects, driven by its future-ready tech infrastructure and strong operational performance.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).