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Informist, Thursday, Jul. 23, 2026

By Radhika Tiwari

MUMBAI – Motilal Oswal Financial Services Ltd. reported a sharp jump in its consolidated net profit for the June quarter on the back of robust revenue growth, driven by its asset management business and by a sharp increase in interest income. The profit grew despite its total expenses growing much higher than its income due to an increase in finance cost and a sharp rise in its other expenses. 

The brokerage and asset manager posted a consolidated profit of INR 12.73 billion, up 10% on year from INR 11.62 billion. This marked a turnaround for the company which had reported a net loss of INR 2.19 billion in the trailing quarter. The company's revenue for the June quarter was INR 34.26 billion, up 25% on year from INR 27.38 billion and also up 28% sequentially. 

The company's fee income, which is its largest source of revenue, rose 13% on year to INR 12.39 billion though it was marginally down sequentially. The company's net gain on fair value change of its portfolio was INR 11.05 billion, up 3% from INR 10.68 billion in the year-ago quarter. The company's interest income rose 31% on year to INR 7.46 billion from INR 5.70 billion. The company earned INR 3.25 billion from the sale of commodities but it spent INR 3.42 billion on the purchase of these commodities.

The finance cost of the company was INR 4.14 billion, up 40% on year from INR 2.95 billion, and its employee benefits expenses fell slightly on year to INR 5.28 billion from INR 5.34 billion. The company's other expenses rose sharply to INR 2.12 billion, up 48% on year from INR 1.43 billion. 

The asset management segment posted a net profit of INR 2.45 billion, up 73% on year, making it the largest contributor to the company's profit at 40% after inter-company adjustments, Motilal Oswal said in a press release. The company's asset under management totaled INR 2.12 trillion at the end of the quarter, up 31% on year. Motilal Oswal Alternates' assets under management jumped 99% on year. 

The company's annual recurring revenue from its private wealth management business rose to INR 1.57 billion, up 42% on year. The net flows of its private wealth management business were INR 39.29 billion, up 37% on year, the company said. The fee income of Motilal Oswal's capital market segment surged 48% on quarter. 

Thursday, the company's shares closed flat at INR 940.25 on the National Stock Exchange. The company declared its earnings after market hours.  End

Edited by Pankaj Aher

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