Motilal Oswal Financial Services (MOTILALOFS) Q1 26/27 earnings summary

Executive summary

• Achieved highest-ever quarterly PAT (including OCI) of ₹1,513 Cr in Q1FY27, with 14% YoY growth in operating PAT and 22% YoY growth in net operating revenue; Asset & Private Wealth Management (PWM) segments contributed ~55% of group operating PAT and posted 46% YoY growth in segment PAT.

• Maintained strong market position across capital market businesses, with diversified revenue streams and a focus on recurring fee-based income; ARR share rose to 66%.

Financial highlights

• Net operating revenue for Q1FY27 was ₹1,538 Cr, up 8% YoY; consolidated revenue from operations was ₹3,42,576 lakh, up from ₹2,73,778 lakh YoY.

• Net profit after tax (consolidated) was ₹1,27,371 lakh, compared to a loss of ₹21,911 lakh in the previous quarter and profit of ₹1,16,297 lakh YoY.

• Net worth reached ₹14,429 Cr as of June 2026, reflecting a 28% CAGR over the past 6 years.

• Assets under advice (AUA) stood at ₹7.9 lakh Cr, up 22% YoY.

• Annualized ROE for Q1FY27 was 44%.

Outlook and guidance

• Targeting multi-fold AUM growth in AMC and Alternates over the next decade, with a focus on expanding market share in all business segments and maintaining 20%+ ROE in operating businesses.

• Treasury book expected to grow from $1bn to multi-billion dollars in the next decade.

• Focus remains on growing annuity revenues and expanding presence in promising adjacencies.