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Informist, Thursday, Apr. 30, 2026

 

--Motilal Oswal: Have headroom to grow in advisory business going ahead 

--CONTEXT: Comments by Motilal Oswal mgmt in conference call with analysts 

--Motilal Oswal: Marketing spend, CSR activities pushed up Jan-Mar expenses 

--Motilal Oswal: Expect brokergage income to improve going ahead 

 

By Nandini Sinha and Sagar Sen

 

MUMBAI/NEW DELHI – Motilal Oswal Financial Services Ltd. plans to launch a commercial real estate credit fund in 2026-27 (Apr-Mar), the company's management told analysts in a post-earnings conference call Thursday. "...the forthcoming launch of our commercial credit fund will be offering a more comprehensive range of products in the alternates business, which is only seeing higher allocations both from the family offices as well as institutions," the management said.

 

The alternate asset management business will be a key driver for the company's growth and annual recurring revenue, the management said. The company announced its earnings for the Jan-Mar quarter Wednesday. For the quarter, it posted a consolidated net loss of INR 2.21 billion on revenues of INR 26.76 billion. The net loss widened as expenses jumped up nearly 134% on year.

 

The financial services company has the headroom to grow in some of the areas like advisory business as well as mergers and acquisitions in the coming years. "Our size per deal is materially higher than in the past and with a strong deal pipeline, we believe this business is also poised for growth in the coming years," the management said.

 

Expenditures related to marketing and activities that were a part of the corporate social responsibility were a drag on the company's expenses in the March quarter, the management said. Motilal Oswal's total expenses rose to INR 28.87 billion in the March quarter from INR 13.72 billion in the trailing quarter.

 

The company expects increased flows from systematic investment plans in FY27, the management said. A strong run rate of INR 180 billion would also support the growth in assets under management of the systematic investment plans, it said. "...more products from the three-year vintage and proposed collections from the NFOs (new fund offers) in the pipeline should help the discretionary flows as well," the management said.

 

The management expects brokerage income to grow in FY27 after being down last year due to the impact of regulatory changes in the futures and options segment, and lower volumes. "...we expect...the brokerage line item to, you know, decently catch up for the entire financial year, given that the regulatory impact is behind, and the volumes have again cashed up to the pre-regulatory change levels," the management said. At 1510 IST, shares of the company were up nearly 2% at INR 799 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Ashish Shirke

 

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