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Informist, Tuesday, Jan. 27, 2026

 

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--Motilal Oswal Oct-Dec consol net profit INR 5.66 bln vs INR 5.65 bln yr ago 
--Motilal Oswal Oct-Dec consol revenue INR 21.12 bln vs INR 19.93 bln yr ago 
--Motilal Oswal to pay INR 6 per share interim dividend 
--Motilal Oswal Apr-Dec consol net profit INR 20.90 bln vs INR 25.66 bln 
--Motilal Oswal Apr-Dec consol revenue INR 66.98 bln vs INR 71.49 bln yr ago 
--Motilal Oswal Oct-Dec net revenue INR 14.97 bln vs INR 13.45 bln year ago 
--Motilal Oswal Oct-Dec operating PAT INR 6.11 bln vs INR 5.25 bln yr ago 
--Motilal Oswal Q3 asset, pvt wealth mgmt net sales INR 6.66 bln, up 21% YoY 
--Motilal Oswal Q3 wealth mgmt net revenue INR 5.72 bln, unch on year 
 

 

By Nandini Sinha

 

MUMBAI – Motilal Oswal Financial Services Ltd. posted a rise in its operating net profit for the December quarter, mainly due to a year-on-year growth in its net revenue. This was largely on account of strong growth in its largest business of asset and private wealth management.

 

Motilal Oswal's consolidated revenue was INR 21.12 billion, up nearly 6% on year and over 14% sequentially, for the latest quarter. Its net revenue--which excludes commission expenses, interest expenses, and intercompany adjustments--was INR 14.97 billion for the December quarter, up 11% on year and 3% sequentially. This was in line with Emkay Global Financial Services' estimate for net revenue.

 

The company posted an operating net profit of INR 6.11 billion during the December quarter, up 16% on year. This was slightly better than Emkay Global's estimate of INR 5.59 billion. The company's consolidated net profit was INR 5.66 billion, unchanged from a year ago. 

 

The net revenue for the asset and private wealth management segment for the reporting quarter was INR 6.66 billion, up 21% on year and 3% on quarter. The net revenue for the wealth management segment for the December quarter was INR 5.72 billion, unchanged on year and up 2% sequentially. 

 

Motilal Oswal's expenses grew at a slower pace than its revenue, supporting profitability. Its expenses during the quarter rose to INR 13.72 billion, up over 7% on year and over 1% on quarter. Employee benefit expenses rose nearly 6% on year to INR 4.85 billion. Of this, the company saw an increase in provisions amounting to INR 144 million on account of the new labour codes.

 

The rise in the company's operating net profit was driven by growth in the asset and private wealth management business, while the wealth management business was a drag on the overall growth. The asset and private wealth management segment's operating net profit for the December quarter was up 32% on year at INR 3.09 billion. Operating net profit of the wealth management segment was INR 1.81 billion, down 5% on year. The operating net profit of the capital market segment grew 15% on year to INR 700 million, whereas the housing finance segment's operating net profit grew 11% on year to INR 400 million.

 

The company's consolidated net profit for the nine months to December was INR 20.90 billion, down nearly 19% on year. The consolidated revenue for Apr-Dec fell over 6% to INR 66.98 billion from INR 71.49 billion a year ago. The group's assets under advice as on Dec. 31 was over INR 7 trillion, up 17% on year.

 

The company declared an interim dividend of INR 6 per share. It has set Saturday as the record date. Shares of Motilal Oswal closed at INR 732.10 Tuesday, down nearly 3%, on the National Stock Exchange.  End

 

Edited by Tanima Banerjee

 

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