Strong Operating Profit Growth, plus 16% YoY with 65% ARR Revenue Share
Mumbai, January 27, 2026: Motilal Oswal Financial Services Ltd. (
MOFSL) reported its
highest-ever operating PAT of ?611 Cr in Q3FY26, grew 16% on YoY basis and 10% on QoQ basis. Total PAT (Incl. treasury & OCI) at Rs 721 Cr is up 58% on YoY basis. This is led by strong growth in
Asset & Private Wealth Management business.
Board declared interim dividend of Rs 6 per share.
Q3FY26 Business Highlights:
·
Asset Management: PAT grew 65% YoY to ? 227 Cr. Total AUM grew by 33% on YoY basis at ?1.89 lakh Cr, driven by stellar Mutual Fund AUM growth of 40% and Private Alternates AUM growth of 62%. Net MF Flows market share robust at 7.6%; SIP inflows surged 55% YoY to ?4,515 Cr, highest market share at 5%. IBEF Fund V launched in Q2 did cumulative fund raise of Rs 8,000 Cr, expect final close in Q4. We have also launched our maiden Private Credit Fund in Jan’26 with a target fund size of Rs 3,000 Cr.
·
Private Wealth Management: PAT stands at ? 82 Cr with Net Flows at ?4,314 Cr. AUM up 31% YoY to
?1.96 lakh Cr, driven by family acquisitions and higher RM productivity. ARR revenue grew by 28% on YoY basis.
·
Wealth Management: PAT stands at ? 181 Cr. Brokerage revenue grew 15% on QoQ basis. Cash volume market share was robust at 6.9% and F&O Premium market share grew to 8.4%. Total blended ADTO market share stands at 7.8%. Distribution book grew by 34% to Rs. 42,775 cr on YoY basis. ARR book grew by 33%. Loan book grew by 25% to Rs 6,630 Cr on YoY basis.
·
Capital Markets: PAT grew 15% YoY to ? 70 Cr. Ranked #1 across IPOs and QIPs in CY25. Covers 350 companies in Institutional Research servicing around 903 clients.
·
Housing Finance: PAT grew 12% YoY to ? 42 Cr. AUM grew 24% YoY to Rs. 5,379 Cr. Adjusted for the one-time change in disbursement recognition, disbursement grew by 47% to Rs 578 Cr (reported Rs 364 Cr).
·
Treasury book grew 16% YoY to ?9,562 Cr. Book delivered healthy XIRR of 18.5% since inception and grew at a 42% CAGR supported by reinvestment of operating profits.
About Motilal Oswal Financial Services Limited
MOFSL is a leading capital market player offering comprehensive solutions across client categories. MOFSL’s Operating PAT grew by 31% CAGR in last decade. Net worth has grown nearly 10x from Mar’15 to Dec’25 to Rs 13,632 Cr led by an, average ROE of 26% and an average payout of 20% without any external capital raise and after executing 3 buybacks. MOFSL ranked 138
th on FY25 Profits and 200th on Market Capitalisation among listed Indian companies, underscoring scale and financial strength.
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