| Revenue growth | Operating PAT up 14% YoY driven by annuity business shift. |
|---|---|
| Margins | Stable PBT margins around 52% with high variable cost control. |
| Demand visibility | Strong retail participation with SIP market share at 4.3%. |
| Management confidence | High confidence in reaching AUM milestones despite transactional volatility. |
Growth
Operating profit grew 14% YoY to 609 Cr, led by 44% growth in Asset and Private Wealth segments.
Outlook
Management expects significant AUM growth as multiple flagship funds cross the critical three-year vintage mark by 2028.
Risks
Volatility in Transactional Based Revenue (TBR) and short-term outflows in the alternate investment segment during geopolitical stress.
Last quarter's promises, checked
Delivered
- Guided 5 new MF Active Products in FY26 → delivered 5 launches (= BEAT)
- Targeted rising share of annuity revenues → delivered 66% contribution (= BEAT)
- Targeted AMC unique PAN > 1Cr by Mar-26 → delivered 1Cr milestone (= BEAT)
Partly delivered
- Targeted 33% 10-year Op PAT CAGR → delivered 14% YoY growth this quarter (= PARTIAL)
Missed
- Guided SIP market share improvement → delivered 4.3% vs 4.7% previous (= MISS)
Earnings Call Transcript filed with BSE, NSE: MOTILALOFS. Summary written with AI assistance from the document.
Motilal Oswal Financial Services Ltd: key numbers
- Share price
- ₹1,029.00
- Market cap
- ₹62,046 Cr
- Revenue (annual)
- ₹9,374 Cr
- Net profit (annual)
- ₹1,869 Cr
- P/E (TTM)
- 31.3×Sector 22.0×
- Promoter holding
- 67.20%-0.34% QoQ
- FII holding
- 6.86%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Motilal Oswal Financial Services Ltd
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