Motilal Oswal Financial Services (MOFSL) has expanded its Board of Directors and reported its financial results. Pratik Oswal and Vaibhav Agrawal joined from the Promoter Group. New independent directors are Conrad D’Souza and Ashok Kumar P Kothari. The company reported a profit after tax of ₹726.4 million for the recent quarter.
Board Expansion Details
Pratik Oswal and Vaibhav Agrawal have been appointed to the Board from the Promoter Group to integrate legacy with innovation. Joseph Conrad Agnelo D’Souza and Ashok Kumar P Kothari join as Independent Directors. Their expertise spans across different sectors, which will enhance the company’s corporate governance and strategic direction. These appointments took effect November 1, 2025.
Financial Highlights
The company’s financial results show:
- Total income of ₹2,660.3 million.
- Profit after tax of ₹726.4 million.
- Basic EPS of ₹12.11.
Segment Performance
Key revenue contributions across different business segments:
- Wealth Management: ₹1,919.7 million
- Capital Markets: ₹439.0 million
- Asset and Private Wealth Management: ₹1,532.8 million
- Home Finance: ₹368.5 million
Other Key Updates
- ICRA upgraded Motilal Oswal Financial Services’ long-term credit rating to AA+ (Stable outlook).
- The company allotted 1,195,404 equity shares under Employee Stock Options Schemes.
- A new subsidiary, Motilal Oswal Asset Management (IFSC) Limited, was incorporated.
Source: BSE
