ALFA Finder| 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
- ₹1,156.50
- Market cap
- ₹69,734 Cr
- Revenue (annual)
- ₹9,374 Cr
- Net profit (annual)
- ₹1,869 Cr
- P/E (TTM)
- 25.8×Sector 20.8×
- Promoter holding
- 66.71%-0.49% QoQ
- FII holding
- 6.71%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
All →Motilal Oswal Financial Services Debt & Borrowing: ₹150 Cr
Motilal Oswal Financial Services certified timely payment of the Rs.150 Crore maturity on commercial paper ISIN INE338I14NE7, due 11 November 2026. This confirms fulfilment of a debt obligation.
- Value
- ₹150.0 Cr
Motilal Oswal Financial Services Debt & Borrowing: ₹275 Cr
Motilal Oswal Financial Services confirmed timely payment of its commercial paper maturing November 5, 2026. The redemption amount was Rs. 275 Crore.
- Value
- ₹275.0 Cr
Motilal Oswal Financial Services Debt & Borrowing: ₹1,300 Cr
Motilal Oswal Financial Services confirmed timely payment of Rs 1,300 Crore commercial paper maturity. The payment was due and made on November 03, 2026.
- Value
- ₹1,300 Cr
Motilal Oswal Financial Services Debt & Borrowing: ₹1.1 Cr
Motilal Oswal Financial Services paid Rs. 72.48 lakh and Rs. 37.17 lakh interest on Series V and VII secured NCDs on October 30, 2026. Payment was made on the actual date, with no reason for delay.
- Value
- ₹1.10 Cr
Motilal Oswal Financial Services Earnings Call Transcript: Key Takeaways
Motilal Oswal posted strong profit growth driven by asset and wealth management, which now contribute 58% of operating PAT.
Motilal Oswal Financial Services Other Announcement
Motilal Oswal Financial Services certifies utilisation of proceeds from listed Commercial Papers issued in the quarter ended September 30, 2026, and adherence to listing conditions. This is a periodic regulatory compliance certificate.