Motilal Oswal Financial Services reported strong FY26 performance, with an annual operating profit of ₹2,360 crore, representing 16% YoY growth. The company’s Q4 operating PAT grew 25% YoY to ₹661 crore. Asset & Private Wealth Management led this growth, contributing nearly 50% of the group’s quarterly operating profit. Additionally, the Board approved the reclassification of several promoter group members to the public category, further streamlining its governance structure.
Financial Highlights for FY26
Motilal Oswal Financial Services (MOFSL) concluded the 2025-26 fiscal year on a strong note, achieving its highest-ever annual operating profit after tax of ₹2,360 crore, a 16% increase YoY. For the fourth quarter ended March 31, 2026, the company recorded an operating PAT of ₹661 crore, marking a robust 25% YoY growth compared to the same period in the previous year.
Segmental Performance Driving Momentum
The company’s performance was significantly driven by its Asset & Private Wealth Management segment, which contributed approximately 50% of the group’s Q4 operating profit. The segment reported a quarterly PAT of ₹337 crore, reflecting a strong 48% YoY growth. Other business divisions, including Wealth Management (₹204 crore PAT), Capital Markets (₹75 crore PAT), and Housing Finance (₹59 crore PAT), also showed positive momentum during the quarter.
Corporate Developments and Board Decisions
In addition to financial results, the Board of Directors approved the reclassification of 11 members of the promoter group to the ‘public’ category. These individuals hold either nil or insignificant shareholding, totaling 0.42% of the company’s equity. This reclassification was noted to have no impact on governance or controlling rights, as the continuing promoters maintain a 67.12% stake.
The Board also announced leadership changes, appointing Mr. Sunil Goyal and Mrs. Smita Bhagat as Additional Directors (Independent Directors) for a three-year term, effective July 01, 2026, to fill upcoming vacancies on the Board.
Source: BSE
