Motilal Oswal reports ₹661 crore quarterly profit, marking 25% growth in Q4FY26

Business Desk — Wed, 29 Apr 2026 12:38:12 +0000

Motilal Oswal Financial Services Ltd. (MOFSL) has reported a significant milestone with its highest-ever quarterly and annual operating profit after tax (PAT) of ₹661 crore in Q4FY26, reflecting a 25% year-on-year growth. This achievement is primarily driven by robust performance in its Asset and Private Wealth Management divisions.

In the Asset Management segment, including alternates, the PAT surged by 63% year-on-year to ₹249 crore in the fourth quarter and by 55% to ₹798 crore for the fiscal year 2026. The total assets under management (AUM) increased by 32% year-on-year to ₹1.76 lakh crore, bolstered by a 31% growth in mutual fund AUM and a remarkable 104% growth in private alternates AUM. Notably, the FY26 net mutual fund flows market share exceeded the AUM market share, standing at 6.6% and 2.7%, respectively. Systematic Investment Plan (SIP) inflows also surged by 78% year-on-year to ₹16,479 crore, capturing a market share of 4.7%.

The Private Wealth Management sector reported an 18% year-on-year increase in Q4 PAT to ₹88 crore, with net flows growing by 66% to ₹5,535 crore. For the fiscal year, PAT rose by 15% to ₹368 crore, and net flows increased by 41% to ₹20,154 crore. The AUM in this segment grew by 36% year-on-year to ₹1.97 lakh crore, driven by family acquisitions and enhanced relationship manager productivity.

In the Wealth Management division, the PAT grew by 7% year-on-year to ₹204 crore in Q4, although it saw a 7% decline to ₹727 crore for FY26. The quarter’s brokerage revenue increased by 33% year-on-year, and the overall average daily turnover (ADTO) market share, including commodities, was strong at 9.2%. The distribution book expanded by 41% year-on-year to ₹40,662 crore, and the loan book grew by 32% to ₹6,094 crore.

The Capital Markets segment experienced a 12% year-on-year increase in Q4 PAT to ₹75 crore and a 30% increase to ₹336 crore for FY26. The company was ranked #1 in Qualified Institutional Placements (QIP) and #2 in Initial Public Offerings (IPOs) league tables for FY26, covering 366 companies in institutional research and servicing over 900 clients.

Housing Finance saw a 61% year-on-year increase in Q4 PAT to ₹59 crore and a 22% increase to ₹159 crore for FY26. The AUM grew by 19% year-on-year to ₹5,829 crore. During the quarter, Motilal Oswal Home Finance Limited (MOHFL) raised $100 million from the Asian Development Bank (ADB), underscoring the franchise’s strength and commitment to inclusive housing finance.

The treasury book grew by 12% year-on-year to ₹9,403 crore, delivering an alpha of approximately 5% for FY26. The book grew at a 40% compound annual growth rate (CAGR), driven by strong internal rates of return (IRRs) and reinvestment of operating profits.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Rohini Kute | Business Upturn

Motilal Oswal reports ₹661 crore quarterly profit, marking 25% growth in Q4FY26