Motilal Oswal Financial Services Ltd. (MOFSL) has reported its highest-ever quarterly and annual operating performance for FY26. The company achieved an annual operating PAT of ₹2,360 crore, representing a 16% year-on-year growth. This strong performance was primarily driven by substantial growth in the Asset and Private Wealth Management segments, which now contribute significantly to the group’s recurring revenue, reaching an annual share of 64%.
Financial Highlights
For the fourth quarter ending March 31, 2026, MOFSL reported an operating PAT of ₹661 crore, marking a 25% year-on-year increase. The strong annual performance, with a PAT of ₹2,360 crore, reflects the success of the company’s diversified revenue model. The group reported a net worth of ₹12,888 crore as of March 2026, alongside a robust operating ROE of 24% for the full fiscal year.
Segment Performance
The company’s core businesses demonstrated significant momentum. The Asset and Private Wealth Management segment delivered a standout performance, with its operating PAT growing by 39% to ₹1,166 crore for FY26. Total Assets Under Advice (AUA) crossed the ₹6 lakh crore mark during the year. Furthermore, the Capital Market business saw its annual PAT grow by 30% to ₹336 crore, supported by a leadership position in investment banking, having completed 52 deals in FY26.
Housing Finance Growth
The Housing Finance division also saw strong expansion, reporting a PAT of ₹159 crore, a 22% increase year-on-year. The division’s AUM grew by 19% to ₹5,829 crore. Notably, the business raised $100 million from the Asian Development Bank (ADB) during the quarter, aimed at supporting affordable housing for women and green-certified housing projects, further reinforcing the segment’s financial stability and credit rating of AA+ Stable.
Future Strategy
MOFSL remains focused on its ‘Twin-Engine’ business model, balancing operating businesses with a strategic Treasury portfolio. The company is actively investing in AI-driven technology infrastructure, such as the relaunched RiiSE app, to improve client engagement and operational productivity. With a track record of 33% operating PAT CAGR over the last decade and no dilution of equity, the group is well-positioned to capitalize on India’s long-term wealth creation opportunities.
Source: BSE
