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Motilal Oswal Financial Services Reports Record Q1 FY27 Results: Total PAT Reaches ₹1,513 Crore Driven by AMC Growth

Posted On : 2026-07-24 10:35:37( TIMEZONE : IST )

Motilal Oswal Financial Services Limited (MOFSL) today announced its unaudited financial results for the first quarter ended June 30, 2026. The integrated financial services group delivered its highest-ever quarterly total Profit After Tax (PAT) of ₹1,513 crore (including Other Comprehensive Income), anchored by a surge in its Asset Management operations.

Operating PAT after inter-company adjustments reached ₹609 crore, reflecting a 14% year-on-year growth compared to ₹534 crore in Q1 FY26.

Standout AMC Performance Leads Profitability

The Asset Management business (encompassing AMC and MO Alternates) emerged as the single largest earnings contributor, generating ₹245 crore in PAT-a 73% jump compared to ₹142 crore in Q1 FY26. The segment now accounts for 40% of the group's total profit.

Total Assets Under Management (AUM) across the AMC business grew by 31% year-on-year to ₹2.12 lakh crore. Systematic Investment Plan (SIP) inflows expanded 16% year-on-year to ₹4,064 crore, securing a market share of 4.3%. Meanwhile, MO Alternates saw its AUM surge by 99% year-on-year, bolstered by the second close of its maiden Private Credit Fund, which raised ₹2,435 crore against a target of ₹3,000 crore.

Strategic Segmental Breakdown

Beyond Asset Management, performance across other key business verticals showed steady expansion and growing annuity contributions:

Private Wealth Management (PWM): Annual Recurring Revenue (ARR) grew 42% year-on-year to ₹157 crore, driven by 37% growth in AUM to ₹2.4 lakh crore and net inflows of ₹3,929 crore. Relationship Manager headcount expanded 26% to 441.

Wealth Management: ARR revenue increased 26% year-on-year to ₹304 crore, while the distribution book rose 29% to ₹45,575 crore. The group's Margin Trade Funding (MTF) book climbed 55% year-on-year to ₹7,800 crore, with overall Average Daily Turnover (ADTO) market share holding strong at 7.6%.

Housing Finance: Recorded a 36% year-on-year PAT growth to ₹32 crore. Disbursements jumped 64% to ₹646 crore, pushing total AUM to ₹6,164 crore. Asset quality remained stable, with Gross NPA at 1.1% and Net NPA at 0.6%.

Capital Markets & Treasury: Capital Markets fee income grew 48% quarter-on-quarter, with the firm ranking second on the Q1 FY27 QIP and IPO league tables. The Treasury book expanded 22% year-on-year to ₹10,482 crore.

Consolidated Revenue and Financial Summary

On a consolidated accounting basis (under Ind AS), total revenue from operations for the quarter stood at ₹3,43,223 lakh (₹3,432.23 crore), up from ₹2,74,490 lakh in Q1 FY26.

Key consolidated line items include:

Interest Income: ₹74,601 lakh

Fee and Commission Income: ₹1,23,857 lakh

Net Gain on Fair Value Changes: ₹1,10,515 lakh

Total Expenses: ₹2,68,622 lakh

Profit Before Tax: ₹74,601 lakh

Profit After Tax (Attributable to Owners): ₹23,951 lakh

Earnings Per Share (EPS): Basic EPS for the quarter came in at ₹21.15 per share (face value Re. 1 per share), compared to ₹19.39 in Q1 FY26. Diluted EPS stood at ₹20.77.

Quality of Earnings & Credit Rating Upgrade

A major highlight of the quarter was CRISIL's rating upgrade of MOFSL's long-term credit profile to AA+ Stable, underscoring the resilience of its business model.

Annual Recurring Revenue (ARR) streams now account for 66% of total revenues, providing revenue predictability across market cycles. The company continues to maintain a 10-year track record of 33% Operating PAT CAGR and a 23% average Return on Equity (ROE), funded entirely through internal accruals without equity dilution.

Shares of Motilal Oswal Financial Services Limited was last trading in BSE at Rs. 939.85 as compared to the previous close of Rs. 945.35. The total number of shares traded during the day was 43459 in over 2114 trades.

The stock hit an intraday high of Rs. 951.80 and intraday low of 935.20. The net turnover during the day was Rs. 40930692.00.