Motilal Oswal Financial Services Ltd. (MOFSL) has reported a strong financial performance for the fourth quarter and full fiscal year ended March 31, 2026. The company announced its highest-ever quarterly operating Profit After Tax (PAT) of ₹661 Crore for Q4FY26, marking a significant 25% year-on-year (YoY) growth. For the full fiscal year FY26, the operating PAT grew by 16% YoY to ₹2,360 Crore. This robust performance was primarily driven by strong growth in the Asset & Private Wealth Management (PWM) business. The Asset Management segment, including alternates, saw its PAT grow by 63% YoY to ₹249 Crore in Q4FY26 and by 55% YoY to ₹798 Crore in FY26. Total Assets Under Management (AUM) grew by 32% YoY to ₹1.76 lakh Crore, fueled by a 31% growth in Mutual Fund AUM and a remarkable 104% growth in Private Alternates AUM. SIP inflows surged by 78% YoY to ₹16,479 Crore, capturing a 4.7% market share. The Private Wealth Management business reported a 18% YoY PAT growth to ₹88 Crore in Q4FY26, with Net Flows increasing by 66% to ₹5,535 Crore. For FY26, PAT grew by 15% to ₹368 Crore, and AUM increased by 36% YoY to ₹1.97 lakh Crore. The Wealth Management segment's PAT grew by 7% YoY to ₹204 Crore in Q4FY26. The Capital Markets business demonstrated strong growth with PAT up by 12% YoY to ₹75 Crore in Q4FY26 and 30% YoY to ₹336 Crore in FY26, securing the #1 rank on QIP and #2 on IPOs league tables for FY26. Furthermore, the Housing Finance division reported a 61% YoY PAT growth to ₹59 Crore in Q4FY26 and 22% YoY to ₹159 Crore in FY26. The company also raised $100 million from the Asian Development Bank (ADB) during the quarter. MOFSL highlighted its integrated capital market player status, with a 10-year track record of 33% Operating PAT CAGR and an average Return on Equity (ROE) of 23%, achieved through internal accruals without dilution. The increasing share of annuity revenue from Asset Management and Private Wealth Management is enhancing business quality and predictability.
