Board Meeting Details

The Board of Directors meeting was held on October 29, 2026, from 02:45 p.m. to 04:45 p.m., where the financial results were approved.

Consolidated Financial Performance (Q2 FY27)

  • Total Income: ₹3,04,376 lakhs (Q2 FY26: ₹1,86,062 lakhs)
  • Revenue from Operations: ₹3,04,167 lakhs, comprising:
  • Interest Income: ₹83,126 lakhs
  • Dividend Income: ₹1,535 lakhs
  • Rent Income: ₹48 lakhs
  • Fee and Commission Income: ₹1,34,889 lakhs
  • Net gain on fair value change: ₹83,305 lakhs
  • Net gain on derecognition of financial instruments: ₹1,493 lakhs
  • Other operating income: ₹359 lakhs
  • Sale of Commodities: ₹32,470 lakhs (in Q1 FY27)
  • Profit Before Tax: ₹1,33,267 lakhs (Q2 FY26: ₹50,551 lakhs)
  • Tax Expense: ₹25,131 lakhs
  • Profit After Tax: ₹1,08,136 lakhs (Q2 FY26: ₹36,256 lakhs)
  • Earnings Per Share (Basic): ₹17.94 (Q2 FY26: ₹6.04)
  • Earnings Per Share (Diluted): ₹17.68 (Q2 FY26: ₹5.97)

Consolidated Financial Performance (H1 FY27)

  • Total Income: ₹6,47,599 lakhs (H1 FY26: ₹4,60,552 lakhs)
  • Profit Before Tax: ₹2,86,651 lakhs (H1 FY26: ₹1,91,108 lakhs)
  • Tax Expense: ₹51,144 lakhs
  • Profit After Tax: ₹2,35,507 lakhs (H1 FY26: ₹1,51,839 lakhs)
  • Total Comprehensive Income: ₹2,58,435 lakhs (H1 FY26: ₹1,71,636 lakhs)

Segment-wise Performance (Q2 FY27)

  • Wealth Management: Revenue ₹1,11,033 lakhs, PAT ₹23,744 lakhs
  • Capital Markets: Revenue ₹21,696 lakhs, PAT ₹11,395 lakhs
  • Asset and Private Wealth Management: Revenue ₹1,18,615 lakhs, PAT ₹52,234 lakhs
  • Home Finance: Revenue ₹23,062 lakhs, PAT ₹4,665 lakhs
  • Treasury Investments: Revenue ₹62,386 lakhs, PAT ₹40,418 lakhs

Balance Sheet Position (Consolidated)

  • Total Assets: ₹53,06,326 lakhs (March 2026: ₹43,41,004 lakhs)
  • Financial Assets: ₹51,84,778 lakhs, including:
  • Cash and cash equivalents: ₹6,44,750 lakhs
  • Loans: ₹18,89,986 lakhs
  • Investments: ₹13,89,364 lakhs
  • Total Liabilities: ₹37,45,540 lakhs
  • Equity: ₹15,60,786 lakhs

Standalone Financial Performance (Q2 FY27)

  • Total Income: ₹1,77,962 lakhs
  • Profit Before Tax: ₹67,676 lakhs
  • Tax Expense: ₹11,079 lakhs
  • Profit After Tax: ₹56,597 lakhs
  • EPS (Basic): ₹9.40
  • EPS (Diluted): ₹9.26

Capital Structure and Shareholding

  • Paid-up equity share capital: ₹6,030 lakhs (Face value Re.1 per share)
  • During the quarter, 8,30,509 equity shares allotted under ESOP schemes
  • During H1 FY27, 11,17,141 equity shares allotted under ESOP schemes

Debt and Rating Updates

  • NCD Issuance: Allotted 7,900 NCDs (₹79 Cr) on September 16, 2026, and 90,000 NCDs (₹900 Cr) on September 30, 2026
  • Credit Rating Upgrades:
  • CRISIL: A1+ (Commercial Paper), AA+/Stable (NCDs)
  • ICRA: AA+/Stable (NCDs), A1+ (Commercial Paper)
  • India Ratings: AA+/Stable (NCDs), A1+ (Commercial Paper)
  • Debt Equity Ratio: 1.90 (Standalone)
  • Interest Service Coverage Ratio: 2.19 (Standalone)

Regulatory and Business Developments

  • Received SEBI approval for Motilal Oswal Custodial Services Private Limited to act as custodian of securities
  • Commencement of custodian operations expected in Q4 FY27, subject to operational readiness
  • The business will offer safekeeping of securities, trade settlement, corporate action processing and regulatory reporting services to institutional clients

Subsidiary Information

Consolidated results include 22 subsidiaries, with 10 subsidiaries reviewed by other auditors and 10 subsidiaries providing management-certified results.

Press Release Highlights

  • Operating PAT grew 29% YoY to ₹718 Cr in Q2FY27
  • Asset Management PAT up 69% YoY to ₹304 Cr, now largest profit contributor
  • ARR share of revenue increased to 66%
  • H1FY27 Total PAT reached record ₹2,583 Cr, up 51% YoY
  • Total AUM across businesses grew to ~₹5.23 lakh Cr
  • Received SEBI custodian license, completing institutional services value chain