Earnings Review
Motilal Oswal's net loss widens on yr as expenses jump
This story was originally published at 21:26 IST on 29 April 2026
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--Motilal Oswal Q4 consol net loss INR 2.21 bln vs loss INR 647.7 mln yr ago
--Motilal Oswal Q4 consol revenue INR 26.76 bln vs INR 11.90 bln yr ago
--Motilal Oswal FY26 consol net profit INR 18.69 bln vs INR 25.02 bln yr ago
--Motilal Oswal FY26 consol revenue INR 93.74 bln vs INR 83.39 bln yr ago
--Motilal Oswal Q4 asset, pvt wealth revenue INR 9.05 bln vs INR 7.06 bln
--Motilal Oswal Q4 wealth mgmt revenue INR 10.93 bln vs INR 9.64 bln on yr
By Nandini Sinha
MUMBAI – Motilal Oswal Financial Services Ltd.'s consolidated net loss widened on year in the March quarter, as expenses grew faster than income. The company's net loss widened to INR 2.21 billion in the March quarter from INR 647.7 million a year ago. The company had posted a net profit of INR 5.66 billion in the trailing quarter.
Motilal Oswal's revenue was INR 26.76 billion for the March quarter, up nearly 125% on year and nearly 27% sequentially, while the total expenses rose to INR 28.87 billion, up nearly 134% on year and over 110% sequentially.
The purchase of commodities worth INR 14.25 billion accounted for more than half of the company's total expenses. The impact of commodity purchases was offset by INR 14.08 billion in commodity sales during the quarter.
The company's revenue from asset and private wealth management rose to INR 9.05 billion, up over 28% on year and over 3% sequentially. Its revenue from wealth management grew over 13% on year and nearly 6% on quarter to INR 10.93 billion.
Motilal Oswal reported an operating net profit of INR 6.61 billion in the March quarter. The asset and private wealth management segment's operating net profit was up 48% on-year to INR 3.37 billion. Operating net profit of the wealth management segment was INR 2.04 billion, up 7% on year. The operating net profit of the capital market segment grew 12% on year to INR 750 million, whereas the housing finance segment's operating net profit grew 61% on year to INR 590 million.
The company's consolidated net profit for 2025-26 (Apr-Mar) was INR 18.69 billion, down 25% on year from INR 25.02 billion. The consolidated revenue for FY26 was INR 93.74 billion, up 12% from INR 83.39 billion a year ago.
The group's assets under management grew 32% on year to INR 1.76 trillion in the Jan-Mar quarter. The rise in assets under management was driven by a growth of 31% in assets under management of mutual funds and a growth of 104% in assets under management in the private alternates segment, the company said in a press release.
Wednesday, the company's shares closed 0.3% higher at INR 784.95 on the National Stock Exchange. Motilal Oswal Financial Services announced its earnings for the March quarter after market hours.
End
Edited by Saji George Titus
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