Motilal Oswal Q4 Operating PAT Rises 25% YoY

Motilal Oswal reported highest-ever quarterly operating PAT of ₹661 Cr in Q4FY26, growing 25% YoY driven by Asset & PWM.
Total AUM reached ₹1.76 lakh Cr with 32% YoY growth, while Private Wealth AUM grew 36% to ₹1.97 lakh Cr.
Company maintained 33% Operating PAT CAGR over 10 years with average ROE of 23%, funded entirely through internal accruals.
Treasury book grew 12% YoY to ₹9,403 Cr, delivering alpha of ~5% for FY26 despite MTM accounting impacts.