Financial Performance

Motilal Oswal Financial Services Limited reported record financial performance for FY 2025-26 with consolidated operating revenue of ₹9,416 crore (12% YoY growth) and profit after tax of ₹1,865 crore. Standalone performance showed net profit of ₹92,251 lakhs with basic EPS of ₹15.37. The company declared a dividend of ₹6 per share totaling ₹36,068 lakhs and issued 44.78 crore bonus shares in a 3:1 ratio.

Business Segment Highlights

The company demonstrated strong growth across all business segments:

  • Asset Management: AUM grew 26% to ₹1.55 lakh crore with mutual fund AUM at ₹1,24,786 crore, PMS at ₹12,354 crore, and AIF at ₹18,309 crore
  • Private Wealth Management: AUM reached ₹1,96,716 crore, up 36% YoY with net sales of ₹20,154 crore
  • Wealth Management: Distribution book grew 41% to ₹40,662 crore with total client base of 54.95 lakh
  • Housing Finance (MOHFL): AUM grew 19% YoY to ₹5,829 crore with GNPA of 0.9% and NNPA of 0.5%
  • Capital Markets: Completed 52 deals with total issue size of ₹83,600+ crore and ranked #2 in Capital Market League

ESG Initiatives and BRSR Reporting

The company published its comprehensive Business Responsibility and Sustainability Report detailing ESG Vision 2030 with specific targets. Key initiatives included:

  • Sponsored over 3.5 lakh meals through Akshaya Patra Foundation
  • Achieved ICRA AA+ credit rating upgrade (first among non-bank capital market players)
  • Implemented Waste Management Policy, Sustainable Sourcing Policy, and Anti-Bribery & Anti-Corruption Policy
  • Environmental metrics: Total energy consumption 41,922.39 GJ, Scope 1 emissions 589 metric tonnes CO2 equivalent
  • CSR expenditure: ₹20.10 crore (standalone) impacting over 97,500 individuals

Capital Structure and Borrowings

Total borrowings stood at ₹21,255 crore with debt securities of ₹15,47,888 lakhs (including NCDs of ₹4,80,293 lakhs and Commercial Papers of ₹10,99,534 lakhs). The company seeks shareholder approval to increase borrowing limits from ₹15,000 crore to ₹22,500 crore to support margin funding requirements and business expansion.

Corporate Governance and AGM Matters

The 21st Annual General Meeting is scheduled for July 22, 2026, with key resolutions including:

  • Re-appointment of Mr. Raamdeo Agarawal and Mr. Navin Agarwal as directors
  • Appointment of Mr. Sunil Goyal and Mrs. Smita Bhagat as independent directors
  • Reclassification of 11 promoter group members holding 0.42% shares to public category
  • The company rectified a typographical error in the original AGM notice regarding director shareholding details

Regulatory Compliance and Settlements

The company paid ₹38.85 lakh in SEBI settlements and penalties related to operational and compliance matters during the fiscal year. No material adverse orders were received from regulators or courts, and all regulatory filings were made on time with compliance to SEBI regulations and Companies Act requirements.

Outlook and Strategy

Positioned to benefit from India's multi-trillion dollar GDP growth opportunity, the company focuses on financialization themes with household savings expected to reach $100 trillion in the next 25 years. Annuity businesses contribute approximately 60% of total net revenues, with continued investments in digital transformation, talent development, and market expansion to maintain leadership across all business segments.