Motilal Oswal Financial Services has reported its highest-ever annual operating PAT of ₹2,360 crore for FY26, marking a 16% growth on a year-on-year basis. The company also announced key board appointments and a promoter group reclassification request. Driven by robust performance across its Asset and Private Wealth Management divisions, the firm continues to solidify its position as an integrated capital market player with 15.5 million+ total clients.
Strong Financial Performance
Motilal Oswal Financial Services achieved a significant milestone in FY26, recording its highest-ever quarterly and annual operating PAT. For the quarter ended March 31, 2026, the company reported an operating PAT of ₹661 crore, reflecting a 25% year-on-year growth. For the full fiscal year, the operating PAT reached ₹2,360 crore, a 16% increase compared to the previous year. This performance was underpinned by strong growth in Asset and Private Wealth Management, which accounted for approximately 50% of the group’s Q4 operating PAT.
Strategic Business Highlights
The company continues to expand its reach and service capabilities. As of March 31, 2026, the group’s Asset Under Advice (AUA) reached ₹6.6+ lakh crore. The Asset Management business saw a stellar 31% growth in Mutual Fund AUM. Furthermore, the Private Wealth Management arm reported a 15% PAT growth for FY26 to ₹368 crore, with net flows growing by 41%. The Housing Finance segment also demonstrated resilience, with PAT growing 61% year-on-year in Q4 to ₹59 crore, supported by a $100 million raise from the Asian Development Bank.
Leadership and Corporate Changes
The Board of Directors has approved the appointment of Mr. Sunil Goyal and Mrs. Smita Bhagat as Additional Directors (Independent Directors), effective from July 1, 2026, to ensure a smooth transition following the upcoming completion of terms for existing directors. Additionally, the Board has considered and approved a request for reclassification of members of the Promoter Group to the ‘Public’ category, involving individuals holding an aggregate of 0.42% shareholding, which the Board noted will have no impact on governance or control.
Focus on Future Growth
Looking ahead, Motilal Oswal remains focused on leveraging digital innovation, including its RiiSE App for wealth management, to improve productivity and margins. With a robust net worth of ₹12,888 crore as of March 31, 2026, and a strategy to expand in Tier 2 locations, the company is well-positioned to capitalize on India’s evolving financial landscape and multi-trillion dollar growth opportunities.
Source: BSE
