Motilal Oswal Q2FY27 PAT at ₹2,583 Cr, up 51% YoY; Custodian License Secured
Motilal Oswal Financial Services Ltd. reported record H1FY27 Total PAT of ₹2,583 Cr, a 51% YoY increase. Q2FY27 Operating PAT grew 29% YoY to ₹718 Cr, led by 69% growth in Asset Management. The company secured a SEBI Custodian license, to commence operations in Q4FY27. ARR assets grew 26% YoY to ₹3.2 lakh Cr.
The announcement includes record financial results, substantial YoY growth across key segments, and the acquisition of a crucial regulatory license that completes a business value chain and is expected to contribute to future revenue. These factors have a significant positive impact on the company's financial health and strategic positioning.
The company reported record half-yearly profits, significant year-on-year growth in key financial metrics (Operating PAT, Total PAT), and secured a significant regulatory license (Custodian License), all indicating strong positive performance and strategic advancement.
Motilal Oswal Financial Services Limited (MOFSL) announced its financial results for the quarter and half-year ended September 30, 2026. Operating Profit After Tax (PAT) grew by 29% year-on-year to ₹718 crore in Q2FY27, driven by strong performance in the Asset Management business. Total PAT for H1FY27, including Other Comprehensive Income, rose by 51% year-on-year to ₹2,583 crore, marking a record high for any half-yearly period in the company's history.
The company also reported significant growth in Annual Recurring Revenue (ARR) assets, which increased by 26% year-on-year to ₹3.2 lakh crore, with ARR revenue growing by 27% year-on-year to ₹1,182 crore. Sequentially, all business segments showed improved revenue and profitability, with net operating revenue up by 14% and Operating PAT up by 18% quarter-on-quarter.
A key development during the quarter was MOFSL securing a custodian license from SEBI, completing its institutional services value chain. This license authorizes the group to offer safekeeping of securities, trade settlement, corporate action processing, and regulatory reporting for institutional clients. The company expects to commence operations in Q4FY27, subject to operational readiness.
Segment-wise, Asset Management PAT increased by 69% year-on-year to ₹30.4 crore, becoming the largest contributor to Operating PAT at 4.3%. Private Wealth Management saw its AUM grow by 58% year-on-year to approximately ₹3 lakh crore. The company's credit rating was affirmed at AA+/Stable by all three leading rating agencies following an upgrade by India Ratings.
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