Motilal Oswal Financial Services Ltd. (MOFSL) announced its results for the quarter and half-year ended September 30, 2026. Operating PAT grew 29% YoY to ₹718 crore in Q2FY27, driven by the Asset Management business. Total PAT, including Other Comprehensive Income, rose 51% YoY to ₹2,583 crore for H1FY27, marking the highest-ever half-yearly profit.
Strong Financial Performance Reported
Motilal Oswal Financial Services Ltd. (MOFSL) today announced robust financial results for the quarter and half-year ended September 30, 2026. The company reported a 29% year-on-year growth in Operating Profit After Tax (PAT) to ₹718 crore for the second quarter of FY27. This growth was primarily fueled by a strong performance in the Asset Management segment.
Half-Yearly Profit Hits Record High
For the half-year ended September 30, 2026, MOFSL’s total PAT, including Other Comprehensive Income (OCI), surged by 51% year-on-year to reach ₹2,583 crore. This figure represents the highest-ever half-yearly profit in the company’s history, underscoring its sustained growth trajectory.
Key Business Highlights
Asset Management Leads Growth
The Asset Management business emerged as a significant contributor, with PAT growing by 69% YoY to ₹304 crore, now accounting for 43% of the total Operating PAT. Assets Under Management (AUM) in this segment saw a 26% YoY increase, reaching approximately ₹2.23 lakh crore.
ARR and Custodial Services
Annual Recurring Revenue (ARR) assets grew to ₹3.2 lakh crore, up 26% YoY, while ARR revenue increased by 27% YoY to ₹1,182 crore. The company also secured a custodian license from SEBI, positioning it to offer a comprehensive suite of institutional services, with operations expected to commence in Q4FY27.
Credit Rating Upgrades
MOFSL received credit rating upgrades, with India Ratings upgrading its long-term rating to AA+ / Stable. The company is now rated AA+ / Stable by CRISIL, India Rating, and ICRA, reflecting its strong franchise and resilient business model.
Management Commentary
Mr. Motilal Oswal, MD & CEO, commented on the results, highlighting the shift in earnings mix towards the Asset Management business, which is now the largest profit pool. He noted that two-thirds of the revenue is recurring, enhancing earnings resilience. The company’s strong ratings and growth funded by internal accruals position it well for future expansion.
Standalone Financials
The standalone financial results also indicate a positive trend. For the quarter ended September 30, 2026, standalone profit after tax was ₹56,597 lakh. For the half-year ended September 30, 2026, the standalone profit after tax stood at ₹1,23,094 lakh.
Source: BSE
