MOFSL: Resilient Performance led by Annuity Businesses 

Mumbai, October 30, 2025: Motilal Oswal Financial Services Ltd. (MOFSL) reported its highest-ever operating PAT of ₹554 Cr in Q2FY26 and grew 11% in 1HFY26 to Rs 1,088 Cr led by strong and growth in Asset Management, Private Wealth and Capital Markets.

MOFSL’s Operating PAT grew by 31% CAGR in last decade. Net worth has grown nearly 10x from Mar’15 to Sept’25 to Rs 12,871 Cr led by an, average ROE of 22% and an average payout of 20% without any external capital raise and after executing 3 buybacks.

Q2FY26 Business Highlights:

• Asset Management: PAT grew 46% YoY to ₹ 180 Cr Total AUM stood at ₹1.77 lakh Cr, up 46% YoY, driven by stellar Mutual Fund AUM growth of 57%. Net sales market share robust at 8.2%; SIP inflows surged 2.2x YoY to ₹4,172 Cr Completed the first close of ₹6,900 Cr for IBEF V fund and planning to close at 2x of previous fund raise.
• Private Wealth Management: PAT grew 23% YoY to ₹ 110 Cr. Net Sales grew 3x in Q2FY26 to ₹7,358 Cr. AUM up 19% YoY to ₹1.87 lakh Cr, driven by client acquisition and higher productivity. 
• Wealth Management: PAT declined 24% to ₹ 170 Cr. Cash volume market share was robust at 7.1% and F&O Premium market share stands at 8.7%. Total blended ADTO market share stands at 8%. Distribution net flows grew 29% to Rs. 3,079 cr in Q2FY26, distribution book grew by 34% CAGR since FY21 to Rs. 40,544 cr in Sept’25
• Capital Markets: PAT grew 24% YoY to ₹ 90 Cr. Ranked #1 across IPOs, QIPs, and Rights Issues in H1. 
• Housing Finance: PAT grew 27% to ₹ 34 Cr. Disbursement growth of 48% YoY to Rs 544 Cr, AUM grew 24% YoY to Rs. 5,236 Cr
• Treasury book grew 14% YoY to ₹8,957 Cr, treasury book delivered a healthy XIRR of 18.7% since inception and grew at a 42% CAGR supported by reinvestment of operating profits.

Other Highlights:

• ICRA upgrades long-term rating to AA+ (Stable) from AA (positive); highest ever rating to any capital markets company.
• MOFSL ranked 99th on FY25 Profits and 171th on Market Capitalisation among listed Indian companies, underscoring scale and financial strength.

About Motilal Oswal Financial Services Limited

MOFSL is a financial services company. Its offerings include Wealth Management, Capital Markets (Institutional broking & Investment banking), Asset & Private Wealth Management (Asset Management, Private Equity & Private Wealth Management), Housing Finance & Equity based treasury investments. MOFSL employs 12,850+ employees serving to 14.5mn+ clients via distribution reach in 550+ cities. MOFSL has Assets Under Advice (AUA) of Rs. ~6.8 Lakh Cr.

The post MOFSL: Resilient Performance led by Annuity Businesses  appeared first on Trade Brains.