Motilal Oswal Financial Services Ltd. (MOFSL) has announced a significant financial achievement for the fourth quarter of the fiscal year 2025-26, reporting an operating profit after tax (PAT) of ₹661 crore. This marks a 25% year-on-year growth, driven by robust performance in Asset and Private Wealth Management.
The company also reported its highest-ever annual operating PAT of ₹2,360 crore for FY26, reflecting a 16% increase compared to the previous year. A key contributor to this growth was the Asset Management segment, which saw a PAT increase of 63% year-on-year to ₹249 crore in Q4 and 55% year-on-year to ₹798 crore for the entire fiscal year. The total assets under management (AUM) grew by 32% year-on-year to ₹1.76 lakh crore, bolstered by a 31% growth in Mutual Fund AUM and a 104% rise in Private Alternates AUM.
The Private Wealth Management segment also performed well, with Q4 PAT growing by 18% year-on-year to ₹88 crore and net flows increasing by 66% to ₹5,535 crore. For the full fiscal year, PAT in this segment rose by 15% to ₹368 crore, with net flows up by 41% to ₹20,154 crore. The AUM for Private Wealth Management increased by 36% year-on-year to ₹1.97 lakh crore.
In the Wealth Management sector, the company reported a 7% year-on-year PAT growth to ₹204 crore in Q4, although the annual PAT for FY26 saw a slight decline of 7% to ₹727 crore. The segment’s brokerage revenue grew by 33% year-on-year in the fourth quarter, and the distribution book expanded by 41% to ₹40,662 crore.
The Capital Markets division reported a 12% year-on-year increase in PAT to ₹75 crore for Q4 and a 30% growth to ₹336 crore for FY26. The company achieved the top rank in QIP and second position in IPOs for the fiscal year.
The Housing Finance segment also showed strong performance, with a 61% year-on-year PAT growth to ₹59 crore in Q4 and a 22% increase to ₹159 crore for the fiscal year. The AUM in this segment grew by 19% year-on-year to ₹5,829 crore.
Motilal Oswal’s treasury book grew by 12% year-on-year to ₹9,403 crore, delivering an alpha of approximately 5% for FY26. The company’s total PAT, including other comprehensive income, amounted to ₹2,043 crore, slightly lower than the operating PAT due to mark-to-market accounting in the treasury book.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).