Motilal Oswal Financial Services' Long-Term Credit Rating Upgraded to CRISIL AA+/Stable
Motilal Oswal Financial Services (MOFSL) has seen its long-term credit rating upgraded by CRISIL to 'AA+/Stable' from 'AA/Positive'. This upgrade is driven by MOFSL's strong market position, healthy earnings, and robust capitalization. The company reported an operating PAT of ₹2,360 crore in FY2026, a 16% increase YoY, with a net worth of ₹12,888 crore.
A credit rating upgrade directly impacts the company's borrowing costs, access to capital, and overall investor confidence, making it a high-impact event.
The credit rating upgrade by CRISIL from 'AA/Positive' to 'AA+/Stable' is a positive development for the company, indicating improved financial health and stability.
Motilal Oswal Financial Services Limited (MOFSL) has announced that CRISIL Ratings Limited has upgraded its long-term credit rating to ‘Crisil AA+/Stable’ from ‘Crisil AA/Positive’ for various instruments of the company and its key subsidiaries, including Motilal Oswal Home Finance Limited and Motilal Oswal Finvest Limited. The short-term rating has been reaffirmed at ‘Crisil A1+'.
The upgrade reflects MOFSL's strong market position across its capital market businesses, a healthy earnings profile with a track record of performance through various economic cycles, and comfortable capitalization supported by a large net worth and low leverage. CRISIL cited the continued growth in the group's business verticals, sustained improvement in its business risk profile, growth and diversity across segments, and the strengthening of its franchise while maintaining financial discipline.
In FY2026, MOFSL reported an annual operating Profit After Tax (PAT) of ₹2,360 crore, representing a 16% year-on-year growth. The company's net worth stood at ₹12,888 crore as of March 2026, with a low gearing of 1.5 times. Mr. Motilal Oswal, Group CEO & Co-founder, highlighted the upgrade as a reflection of the group's competency as an integrated capital markets company and the resilience of its business model, inspired by the Berkshire Hathaway philosophy.
Mr. Shalibhadra Shah, Chief Financial Officer, stated that the upgrade recognizes the quality of the balance sheet, diversity of earnings, and consistency in financial discipline, which strengthens borrowing capacity and improves access to institutional capital. The rating of AA+ is expected to enhance the company's credit profile for lenders and investors, positioning it as a well-diversified capital market leader with a low risk profile.
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Motilal Oswal Financial Services Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Motilal Oswal Financial Services Limited. Read the original for the full detail.