Motilal Oswal Financial Services Ltd. (MOFSL) reported a record operating PAT of ₹554 Cr in Q2FY26, with an 11% increase in 1HFY26 to Rs 1,088 Cr, propelled by growth in Asset Management, Private Wealth, and Capital Markets. The company’s Operating PAT has grown at a 31% CAGR over the last decade, and net worth has increased nearly tenfold since March 2015.
Exceptional Q2 Performance
Motilal Oswal Financial Services Ltd. (MOFSL) has announced its Q2FY26 results, highlighting a record operating PAT of ₹554 Cr. The company’s strong performance was primarily driven by its annuity businesses, including Asset Management, Private Wealth, and Capital Markets. The results demonstrate sustained growth and profitability.
Key Business Highlights
Several business segments contributed to MOFSL’s impressive Q2FY26 performance:
Asset Management: PAT increased by 46% YoY to ₹180 Cr. Total AUM reached ₹1.77 lakh Cr, a 46% YoY increase, fueled by a 57% growth in Mutual Fund AUM. The company’s net sales market share remains robust at 8.2%, with SIP inflows surging 2.2x YoY to ₹4,172 Cr. The first close of ₹6,900 Cr was completed for the IBEF V fund, with plans to double the initial fund raise.
Private Wealth Management: PAT rose by 23% YoY to ₹110 Cr. Net sales grew threefold in Q2FY26 to ₹7,358 Cr. AUM increased by 19% YoY to ₹1.87 lakh Cr, driven by new client acquisition and higher productivity.
Capital Markets: PAT increased by 24% YoY to ₹90 Cr. MOFSL was ranked #1 across IPOs, QIPs, and Rights Issues in H1.
Housing Finance: PAT grew by 27% to ₹34 Cr. Disbursement growth of 48% YoY reached Rs 544 Cr, and AUM grew by 24% YoY to Rs. 5,236 Cr.
Wealth Management: Cash volume market share was robust at 7.1% and F&O Premium market share stands at 8.7%. Total blended ADTO market share stands at 8%.
Treasury book grew 14% YoY to ₹8,957 Cr, treasury book delivered a healthy XIRR of 18.7% since inception and grew at a 42% CAGR supported by reinvestment of operating profits.
Credit Rating Upgrade
ICRA upgraded Motilal Oswal’s long-term rating to AA+ (Stable) from AA (positive), marking the highest rating ever achieved by a capital markets company.
Market Position
MOFSL ranked 99th in terms of FY25 Profits and 171th based on Market Capitalisation among listed Indian companies, underscoring its scale and financial strength.
Source: BSE
