Motilal Oswal Q2FY27 PAT up 51% YoY to ₹2,583 Cr; Secures Custodian License
Motilal Oswal Financial Services reported a 51% YoY increase in total PAT to ₹2,583 Cr for H1FY27 and a 29% YoY growth in Operating PAT to ₹718 Cr for Q2FY27. The company secured a custodian license from SEBI, expected to commence operations in Q4FY27. Asset Management PAT grew 69% YoY.
The significant YoY growth in profits, especially the record half-yearly profit, and the strategic acquisition of a SEBI custodian license are material events that are likely to have a high impact on the company's financial performance and market position.
The company reported strong YoY growth in both quarterly and half-yearly profits, achieving its highest-ever half-yearly profit. The acquisition of a custodian license and positive management commentary further contribute to a positive sentiment.
Motilal Oswal Financial Services Limited (MOFSL) announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a 29% year-on-year (YoY) growth in Operating Profit After Tax (PAT) to ₹718 Cr for Q2FY27. For the half-year ended September 30, 2026 (H1FY27), the total PAT, including Other Comprehensive Income, rose 51% YoY to ₹2,583 Cr, marking the highest-ever half-yearly profit in the company's history.
Asset Management emerged as the largest contributor to Operating PAT, with PAT growing 69% YoY to ₹304 Cr, now accounting for 43% of the total Operating PAT. The company also secured a custodian license from SEBI, completing its institutional services value chain. Operations for this new service are expected to commence in Q4FY27, subject to operational readiness.
Key financial highlights for Q2FY27 include an Operating PAT of ₹718 Cr (up 29% YoY and 18% QoQ) and a Total PAT of ₹1,070 Cr (up 3.8x YoY). For H1FY27, Operating PAT stood at ₹1,327 Cr (up 22% YoY), and Total PAT reached ₹2,583 Cr (up 51% YoY). The Annual Recurring Revenue (ARR) assets grew to ₹3.2 Lakh Cr, with ARR revenue up 27% YoY to ₹1,182 Cr. The company's credit rating was reaffirmed at AA+ Stable by all three leading rating agencies.
Mr. Motilal Oswal, MD & CEO, commented that the results reflect a deliberate shift in the earnings mix, with Asset Management becoming the largest profit pool and two-thirds of revenue being recurring, enhancing earnings resilience. The company is well-positioned for strong future growth with its AA+ ratings and a business model funded by internal accruals.
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