Motilal Oswal Q2FY27 Results: PAT ₹2,583 Cr (up 51% YoY), Operating PAT ₹718 Cr (up 29% YoY)
Motilal Oswal reported Q2FY27 Operating PAT of ₹718 Cr (up 29% YoY) and H1FY27 Total PAT of ₹2,583 Cr (up 51% YoY). Asset Management PAT grew 69% YoY to ₹304 Cr. The company secured a SEBI custodian license and received an AA+ rating. Mr. Janak Dalal was appointed as Senior Management Personnel.
The results show robust financial performance with significant profit growth. Key strategic developments like obtaining a custodian license and a credit rating upgrade have a material impact on the company's future prospects and market position.
The company reported strong YoY growth in both quarterly and half-yearly PAT, highest-ever half-yearly profit, and significant growth in its Asset Management business. The acquisition of a SEBI custodian license and a credit rating upgrade to AA+ further contribute to the 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 consolidated Operating Profit After Tax (PAT) of ₹718 crore for Q2FY27, marking a 29% year-on-year (YoY) increase. For the half-year ended September 30, 2026 (H1FY27), the Total PAT, including Other Comprehensive Income (OCI), rose by 51% YoY to ₹2,583 crore, reaching the highest-ever half-yearly profit in the company's history. The Asset Management business emerged as the largest contributor to Operating PAT, with its PAT growing by 69% YoY to ₹304 crore, now accounting for 43% of the total Operating PAT.
Annual Recurring Revenue (ARR) assets grew to ₹3.2 lakh crore, an increase of 26% YoY, and ARR revenue grew by 27% YoY to ₹1,182 crore. Sequentially, every business segment showed improvement, with net operating revenue up 14% and Operating PAT up 18% quarter-on-quarter (QoQ).
In a significant development, Motilal Oswal group secured a custodian license from SEBI, completing its institutional services value chain. The company expects to commence operations in Q4FY27, subject to operational readiness. The company's credit rating was upgraded to AA+ Stable by India Ratings, aligning with ratings from CRISIL and ICRA.
Mr. Motilal Oswal, MD & CEO, MOFSL, commented, "Q2FY27 reflects the deliberate shift in our earnings mix. Asset Management is now our largest profit pool, and two-thirds of our revenue is recurring, which makes our earnings more resilient through market cycles. With AA+ ratings from all three agencies and a decade of growth funded entirely from internal accruals, we are well placed to deliver strong growth ahead."
The Board of Directors also approved the designation of Mr. Janak Dalal as Senior Management Personnel (SMP) of the Company, effective October 29, 2026. Additionally, the company approved the issuance of Non-Convertible Debentures (NCDs) not exceeding ₹3,000 crore.
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