Motilal Oswal Financial Services Limited (MOFSL) has reported a strong financial performance for the first quarter of FY2026–27, posting record earnings supported by robust growth across its asset management, wealth management and housing finance businesses.
The company reported an operating Profit After Tax (PAT) of ₹609 crore, reflecting a 14 per cent year-on-year increase. Including Other Comprehensive Income (OCI), total PAT reached a record ₹1,513 crore, marking one of the company’s strongest quarterly performances to date.
A key contributor to the quarterly growth was the company’s Asset Management business, where Profit After Tax surged 73 per cent year-on-year. The performance highlights growing investor participation and the continued expansion of Motilal Oswal’s investment management business amid favourable market conditions.
The company also recorded significant growth in its overall Assets Under Management (AUM), which rose 31 per cent compared to the same period last year to reach ₹2.12 lakh crore. The increase reflects sustained demand for the company’s investment products and services across retail and institutional segments.
In the mutual fund business, Systematic Investment Plan (SIP) inflows increased 16 per cent year-on-year to ₹4,064 crore, indicating continued investor confidence in long-term wealth creation through systematic investments. SIPs have remained one of the preferred investment routes for retail investors, and the latest figures underline the growing participation in equity mutual funds.
The company’s Private Wealth Management division also delivered a strong performance during the quarter. Assets Under Management in this segment increased 37 per cent to ₹2.4 lakh crore, driven by strong client acquisition and higher investment inflows from high-net-worth individuals.
Meanwhile, the Retail Wealth Management business continued to strengthen its recurring revenue base. Annual Recurring Revenue (ARR) rose 26 per cent, while the distribution book expanded to ₹45,575 crore, reflecting higher customer engagement and increased demand for investment and financial planning services.
Motilal Oswal’s Housing Finance business also recorded healthy growth during the reporting period. Profit After Tax for the segment increased 36 per cent to ₹32 crore, while loan disbursements registered a sharp 64 per cent year-on-year growth, supported by rising demand for housing finance and improved operational efficiency.
Adding to the positive developments, credit rating agency CRISIL upgraded the company’s long-term credit rating to AA+ (Stable) during the quarter. The upgrade reflects the company’s improving financial strength, stable business performance and strong balance sheet.
The company also highlighted that Annual Recurring Revenue contributed 66 per cent of its total revenue, strengthening the predictability and stability of its earnings. A higher share of recurring income is considered an important indicator of sustainable long-term business growth, particularly in the financial services sector.
Over the past decade, Motilal Oswal Financial Services has maintained consistent financial growth, delivering a 33 per cent compound annual growth rate (CAGR) in operating Profit After Tax. With continued expansion across its core businesses and increasing investor participation, the company remains focused on strengthening its leadership position in India’s financial services industry while delivering long-term value to its customers and shareholders.
Subscribe Deshwale on YouTube
