Motilal Oswal Q3FY26: Profit Grows 16% to ₹611 Crore; Interim Dividend ₹6/Share
Motilal Oswal Financial Services reported Q3FY26 operating profit of ₹611 crore, up 16% YoY, driven by Asset and Private Wealth businesses. The company declared an interim dividend of ₹6 per share. AUM in Asset Management reached ₹1.89 lakh crore, up 33% YoY, while Private Wealth Management AUM grew 31% to ₹1.95 lakh crore.
The announcement details strong financial performance, dividend increase, and growth across major business verticals, which are material events for investors and stakeholders.
The company reported strong financial results with significant year-on-year growth in operating profit and AUM across key business segments. The increase in interim dividend also reflects positive performance.
Motilal Oswal Financial Services Limited (MOFSL) announced its Q3 and 9M FY26 financial results, reporting a 16% year-on-year growth in operating profit after tax to ₹611 crore. This growth was primarily driven by the Asset and Private Wealth businesses, which expanded by 32% YoY and now contribute over 50% to the group's operating profit. The company expects this trend to continue in upcoming quarters.
The Q3FY26 Profit After Tax (PAT) includes an impact of ₹14.4 crore towards employee benefits under the new labor code; adjusted PAT growth was 18%. The consolidated annual recurring revenue (ARR) stands at 65% of total net revenue for Q3FY26, with expectations of further increase.
In line with the strong performance, the board declared an interim dividend of ₹6 per share, a 20% increase from ₹5 per share in the previous year. The company highlighted its consistent dividend payouts and three buybacks since its listing in 2007, attributing this to its unique capital allocation model where the investment book supports operating businesses.
The Asset Management business (AMC + Alternates) saw robust net flows of ₹11,600 crore in Q3FY26, with Assets Under Management (AUM) reaching ₹1.89 lakh crore as of December 31, 2025, a 33% YoY increase. The AMC business maintained a mutual fund AUM market share of 2.7%, with a net flow market share of 7.6%. Quarterly SIP flows crossed ₹4,500 crore, a 1.5x increase YoY.
The Private Wealth Management business reported a 31% YoY AUM growth to ₹1.95 lakh crore, serving over 8,200 families. Revenue for 9MFY26 stood at ₹816 crore, up 16% YoY, with PAT at ₹280 crore, up 14% YoY.
The Capital Markets business reported a 15% YoY PAT growth to ₹70 crore in Q3FY26. The Investment Banking division completed 51 deals in 9MFY26 with a cumulative issue size exceeding ₹77,150 crore.
The Housing Finance business saw disbursements of ₹364 crore (adjusted), with AUM growing 24% YoY to ₹5,379 crore.
Looking ahead, the company anticipates continued robust growth driven by India's economic expansion and increasing financialization, positioning itself as an integrated capital market player with significant headroom across its businesses.
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