Motilal Oswal Q4FY26 PAT Surges 25% YoY to ₹661 Crore; FY26 PAT Grows 16% to ₹2,360 Crore
Motilal Oswal Financial Services Ltd. reported Q4FY26 operating PAT of ₹661 Crore (up 25% YoY) and FY26 operating PAT of ₹2,360 Crore (up 16% YoY). Asset & PWM businesses drove growth, with Asset Management PAT up 63% YoY and Private Wealth Management PAT up 18% YoY in Q4. Total AUM reached ₹1.76 lakh Crore.
The announcement details significant financial performance improvements, including record PAT, substantial YoY growth, and expansion in key business segments like Asset Management and Private Wealth Management. These are material financial results that are likely to impact investor perception and the company's valuation.
The company reported strong YoY growth in PAT for both the quarter and the full year, driven by key business segments like Asset Management and Private Wealth Management. Specific growth figures and achievements in AUM and market share indicate a positive financial performance.
Motilal Oswal Financial Services Ltd. (MOFSL) has reported a strong financial performance for the fourth quarter and full fiscal year ended March 31, 2026. The company announced its highest-ever quarterly operating Profit After Tax (PAT) of ₹661 Crore for Q4FY26, marking a significant 25% year-on-year (YoY) growth. For the full fiscal year FY26, the operating PAT grew by 16% YoY to ₹2,360 Crore.
This robust performance was primarily driven by strong growth in the Asset & Private Wealth Management (PWM) business. The Asset Management segment, including alternates, saw its PAT grow by 63% YoY to ₹249 Crore in Q4FY26 and by 55% YoY to ₹798 Crore in FY26. Total Assets Under Management (AUM) grew by 32% YoY to ₹1.76 lakh Crore, fueled by a 31% growth in Mutual Fund AUM and a remarkable 104% growth in Private Alternates AUM. SIP inflows surged by 78% YoY to ₹16,479 Crore, capturing a 4.7% market share.
The Private Wealth Management business reported a 18% YoY PAT growth to ₹88 Crore in Q4FY26, with Net Flows increasing by 66% to ₹5,535 Crore. For FY26, PAT grew by 15% to ₹368 Crore, and AUM increased by 36% YoY to ₹1.97 lakh Crore.
The Wealth Management segment's PAT grew by 7% YoY to ₹204 Crore in Q4FY26. The Capital Markets business demonstrated strong growth with PAT up by 12% YoY to ₹75 Crore in Q4FY26 and 30% YoY to ₹336 Crore in FY26, securing the #1 rank on QIP and #2 on IPOs league tables for FY26.
Furthermore, the Housing Finance division reported a 61% YoY PAT growth to ₹59 Crore in Q4FY26 and 22% YoY to ₹159 Crore in FY26. The company also raised $100 million from the Asian Development Bank (ADB) during the quarter.
MOFSL highlighted its integrated capital market player status, with a 10-year track record of 33% Operating PAT CAGR and an average Return on Equity (ROE) of 23%, achieved through internal accruals without dilution. The increasing share of annuity revenue from Asset Management and Private Wealth Management is enhancing business quality and predictability.
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