Motilal Oswal Financial Services Q1 results, quarter to Jun 2026

NSE: MOTILALOFSBSE: 532892Capital MarketsMid Cap

Motilal Oswal Financial Services Limited · Face value ₹1 · Listed Sep 2007

₹969.00₹35.65 (3.82%)BSE ₹967.60

Share price at the NSE close on 27 Oct 2026. Previous close ₹933.35.

27 Oct: open ₹929.80, high ₹977.40, low ₹928.80

52-week range of traded prices to 27 Oct 2026

₹614.90Low, 23 Mar 2026₹1,097.10High, 28 Oct 2025

Next results date: the board meets on 29 Oct 2026 to consider: financial results and fund raising. The notice · Results calendar

Market cap: ₹58,428 Cr199th largest listed
P/E: 29.51
P/B: 4.53
Dividend yield: 0.62%
ROE: 16.5%
ROCE: 11.7%
Debt to equity: 1.64
Volume, NSE: 8,40,55133.2% delivered

Motilal Oswal Financial Services filed its Q1 results for the quarter to Jun 2026 on 23 Jul 2026 at 5:11 pm, consolidated: the company and its subsidiaries together.

Q1 results, quarter to Jun 2026

₹ crore.Motilal Oswal Financial Services annual results and balance sheet

Revenue: ₹3,426 Cr+25.2% on a year ago · +28.0% on the quarter before
Operating profit: ₹1,970 Cr+14.5% on a year ago · +861.3% on the quarter before
Net profit: ₹1,274 Cr+9.5% on a year ago
Earnings per share: ₹21.15+9.1% on a year ago
Operating margin: 57.5%
Net margin: 37.2%

From revenue to net profit, ₹ crore

Revenue3,426
Operating expenses−1,456
Operating profit1,970
Depreciation−28
Other income+6.5
Finance costs−414
Profit before tax1,534
Tax−260
Net profit1,274

Motilal Oswal Financial Services results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

Peak revenue ₹3,426 Cr, quarter to Jun 2026; lowest ₹1,209 Cr, quarter to Mar 2025Back to profit in the quarter to Jun 2026, ₹1,274 Cr

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Sep 2021	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3	Mar 2025Q4	Jun 2025Q1	Sep 2025Q2	Dec 2025Q3	Mar 2026Q4	Jun 2026Q1Filed 23 Jul
Revenue from operations	1,325	1,025	1,051	753	1,320	1,072	1,027	1,500	1,639	1,784	2,141	2,312	2,838	1,999	1,209	2,737	1,849	2,112	2,676	3,426
	544	577	559	552	575	585	584	662	735	696	910	920	1,022	932	911	1,018	1,009	1,006	2,471	1,456
Materials and goods bought	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	342
Employee costs	210	227	250	232	244	261	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Other expenses	334	350	308	320	331	325	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating profit before depreciation	781	448	493	201	745	487	444	838	904	1,088	1,232	1,393	1,816	1,067	298	1,720	840	1,105	205	1,970
Operating margin	58.9%	43.7%	46.8%	26.7%	56.5%	45.4%	43.2%	55.9%	55.2%	61.0%	57.5%	60.2%	64.0%	53.4%	24.7%	62.8%	45.4%	52.3%	7.7%	57.5%
Depreciation and amortisation	13	13	11	13	16	17	13	17	17	24	24	22	23	27	26	26	28	29	28	28
Other income	4	9	4	8	7	6	6	31	11	7	17	5	8	4	0	7	11	9	16	6
Finance costs	113	144	115	114	130	169	190	216	241	262	295	318	347	303	298	295	317	336	388	414
One-off items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	659	301	370	81	607	307	247	636	658	809	930	1,059	1,454	741	−27	1,406	506	748	−194	1,534
	110	61	68	50	98	81	81	110	124	147	205	175	332	175	37	250	143	182	25	260
Current tax	71	65	48	69	70	79	72	88	91	106	150	123	169	169	121	191	125	178	151	133
Deferred tax	38	−4	21	−20	28	3	9	22	33	42	56	52	163	6	−85	59	18	4	−127	127
Tax rate	16.6%	20.5%	18.5%	61.4%	16.2%	26.5%	32.5%	17.3%	18.9%	18.2%	22.1%	16.5%	22.8%	23.6%	–	17.8%	28.3%	24.4%	–	17.0%
Share of profit of joint ventures and associates	−1	1	1	1	1	2	−1	1	−1	0	–	–	–	–	–	7	–	–	–	–
	549	240	303	32	510	227	165	528	532	661	725	884	1,122	566	−63	1,163	363	566	−219	1,274
Belonging to the company's shareholders	537	238	300	31	509	226	165	527	531	660	723	882	1,120	565	−65	1,162	362	566	−221	1,273
Belonging to outside owners of subsidiaries	–	2	3	1	1	1	1	1	1	1	2	2	2	1	2	1	0	0	2	1
Other comprehensive income	65	−32	47	−49	40	14	−51	145	24	114	−98	139	122	−109	−159	268	−77	155	−172	240
Total comprehensive income	613	208	350	−17	550	241	115	672	556	775	626	1,023	1,243	457	−223	1,431	285	721	−391	1,513
Net margin	41.4%	23.4%	28.8%	4.2%	38.6%	21.2%	16.1%	35.2%	32.5%	37.1%	33.8%	38.2%	39.5%	28.3%	−5.2%	42.5%	19.6%	26.8%	−8.2%	37.2%
Net margin without joint ventures and associates	41.5%	23.3%	28.7%	4.2%	38.6%	21.0%	16.3%	35.1%	32.5%	37.1%	–	–	–	–	–	42.2%	–	–	–	–
Earnings per share	₹9.14	₹4.05	₹5.09	₹0.53	₹8.61	₹3.86	₹2.84	₹8.91	₹8.97	₹11.12	₹12.15	₹14.78	₹18.74	₹9.43	−₹1.08	₹19.39	₹6.04	₹9.42	−₹3.69	₹21.15
Diluted earnings per share	₹8.99	₹3.97	₹5.04	₹0.52	₹8.57	₹3.83	₹2.83	₹8.89	₹8.95	₹11.08	₹4.54	₹14.58	₹18.44	₹9.26	−₹1.06	₹19.10	₹5.97	₹9.21	−₹3.69	₹20.77

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Consolidated, ₹ crore, quarters to Jun 2026.Motilal Oswal Financial Services segment results by year

Wealth Management
Revenue, ₹ crore
1,053
1,186
961
964
955
1,031
1,093
1,063
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
234
303
255
253
232
244
263
216
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Asset and Private Wealth Management
Revenue, ₹ crore
537
661
756
684
738
876
905
952
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
210
285
312
277
299
414
431
431
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Treasury Investments
Revenue, ₹ crore
414
406
616
861
177
−538
880
−37
93
594
1,309
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
393
286
486
726
39
−698
710
−201
−66
−1,050
737
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Home Finance
Revenue, ₹ crore
143
146
156
156
154
163
179
178
191
197
235
222
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
45
48
42
37
35
48
46
31
43
55
80
42
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Capital Markets
Revenue, ₹ crore
1,019
1,028
1,168
142
182
159
143
211
179
173
170
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
242
273
345
77
97
80
87
126
91
98
101
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26

₹ crore	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue of all businesses	1,713	1,876	2,374	2,504	3,045	2,214	1,970	2,961	2,170	2,377	3,000	3,716
Company revenue, as in its results	1,639	1,784	2,141	2,312	2,838	1,999	1,209	2,737	1,849	2,112	2,676	3,426
Revenue	–	–	–	1,053	1,186	961	964	955	–	1,031	1,093	1,063
Revenue growth	–	–	–	–	–	–	–	−9.4%	–	7.3%	13.4%	11.4%
Profit	–	–	–	234	303	255	253	232	–	244	263	216
Profit growth	–	–	–	–	–	–	–	−1.2%	–	−4.4%	3.8%	−6.6%
Margin	–	–	–	22.3%	25.5%	26.5%	26.3%	24.3%	–	23.7%	24.1%	20.4%
Assets	–	–	–	26,882	25,330	21,391	21,521	22,169	–	26,143	28,996	30,208
Liabilities	–	–	–	23,483	21,677	18,000	18,189	18,708	–	22,459	25,102	26,247
Capital employed	–	–	–	3,400	3,653	3,390	3,331	3,462	–	3,684	3,894	3,961
Revenue	–	–	–	537	661	756	684	738	–	876	905	952
Revenue growth	–	–	–	–	–	–	–	37.5%	–	16.0%	32.4%	29.0%
Profit	–	–	–	210	285	312	277	299	–	414	431	431
Profit growth	–	–	–	–	–	–	–	42.4%	–	32.7%	55.5%	44.4%
Margin	–	–	–	39.1%	43.2%	41.3%	40.5%	40.5%	–	47.2%	47.6%	45.3%
Assets	–	–	–	1,376	1,280	1,497	1,677	2,227	–	1,228	1,094	3,398
Liabilities	–	–	–	695	620	579	801	1,926	–	649	665	2,081
Capital employed	–	–	–	681	660	917	877	301	–	579	429	1,317
Revenue	–	414	406	616	861	177	−538	880	−37	93	594	1,309
Revenue growth	–	–	–	–	–	−57.4%	–	42.8%	–	−47.5%	–	48.8%
Profit	–	393	286	486	726	39	−698	710	−201	−66	−1,050	737
Profit growth	–	–	–	–	–	−90.0%	–	46.1%	–	–	–	3.9%
Margin	–	94.8%	70.3%	78.8%	84.4%	22.3%	–	80.6%	–	−71.1%	−176.8%	56.3%
Assets	–	6,248	6,398	7,340	8,524	8,993	8,500	10,819	11,486	11,812	10,958	10,769
Liabilities	–	482	412	448	542	518	451	951	1,148	1,047	953	144
Capital employed	–	5,767	5,986	6,893	7,982	8,475	8,048	9,868	10,338	10,765	10,005	10,625
Revenue	143	146	156	156	154	163	179	178	191	197	235	222
Revenue growth	9.1%	7.9%	12.3%	8.3%	7.5%	11.2%	15.0%	14.1%	23.9%	21.2%	31.3%	24.8%
Profit	45	48	42	37	35	48	46	31	43	55	80	42
Profit growth	0.0%	1.6%	−3.1%	−3.7%	−21.7%	−0.7%	10.3%	−18.1%	22.4%	14.5%	74.1%	37.7%
Margin	31.1%	32.9%	26.9%	24.1%	22.7%	29.4%	25.8%	17.3%	22.4%	27.8%	34.2%	19.1%
Assets	4,001	4,211	4,536	4,558	4,672	4,677	5,530	5,427	5,653	5,767	6,319	6,423
Liabilities	2,811	2,974	3,261	3,237	3,319	3,284	4,101	3,967	4,154	4,224	4,711	4,778
Capital employed	1,190	1,237	1,274	1,321	1,353	1,393	1,429	1,460	1,499	1,543	1,608	1,644
Revenue	1,019	1,028	1,168	142	182	159	143	211	–	179	173	170
Revenue growth	41.7%	37.4%	56.8%	−83.9%	−82.1%	−84.6%	−87.7%	48.5%	–	12.7%	21.0%	−19.2%
Profit	242	273	345	77	97	80	87	126	–	91	98	101
Profit growth	34.3%	47.7%	97.7%	−62.9%	−59.8%	−70.6%	−74.9%	63.0%	–	12.8%	13.3%	−19.5%
Margin	23.8%	26.6%	29.5%	54.4%	53.4%	50.6%	60.5%	59.7%	–	50.7%	56.6%	59.5%
Assets	19,518	20,836	20,366	141	192	215	192	230	–	270	195	198
Liabilities	18,211	19,409	16,594	28	39	29	39	34	–	66	71	47
Capital employed	1,306	1,427	3,771	113	153	186	153	197	–	204	125	151
Revenue	–	–	–	–	–	–	–	–	950	–	–	–
Profit	–	–	–	–	–	–	–	–	211	–	–	–
Margin	–	–	–	–	–	–	–	–	22.3%	–	–	–
Assets	–	–	–	–	–	–	–	–	21,184	–	–	–
Liabilities	–	–	–	–	–	–	–	–	17,644	–	–	–
Capital employed	–	–	–	–	–	–	–	–	3,540	–	–	–
Revenue	–	–	–	–	–	–	–	–	810	–	–	–
Profit	–	–	–	–	–	–	–	–	368	–	–	–
Margin	–	–	–	–	–	–	–	–	45.4%	–	–	–
Assets	–	–	–	–	–	–	–	–	1,138	–	–	–
Liabilities	–	–	–	–	–	–	–	–	693	–	–	–
Capital employed	–	–	–	–	–	–	–	–	445	–	–	–
Revenue	–	–	–	–	–	–	–	–	219	–	–	–
Profit	–	–	–	–	–	–	–	–	120	–	–	–
Margin	–	–	–	–	–	–	–	–	54.9%	–	–	–
Assets	–	–	–	–	–	–	–	–	242	–	–	–
Liabilities	–	–	–	–	–	–	–	–	73	–	–	–
Capital employed	–	–	–	–	–	–	–	–	169	–	–	–
Revenue	254	287	644	–	–	–	–	–	–	–	–	–
Profit	93	107	259	–	–	–	–	–	–	–	–	–
Margin	36.6%	37.4%	40.2%	–	–	–	–	–	–	–	–	–
Assets	439	498	3,154	–	–	–	–	–	–	–	–	–
Liabilities	181	135	2,512	–	–	–	–	–	–	–	–	–
Capital employed	258	363	641	–	–	–	–	–	–	–	–	–
Revenue	297	–	–	–	–	–	–	–	–	–	–	–
Revenue growth	−8.5%	–	–	–	–	–	–	–	–	–	–	–
Profit	273	–	–	–	–	–	–	–	–	–	–	–
Profit growth	−9.5%	–	–	–	–	–	–	–	–	–	–	–
Margin	92.1%	–	–	–	–	–	–	–	–	–	–	–
Assets	5,527	–	–	–	–	–	–	–	–	–	–	–
Liabilities	374	–	–	–	–	–	–	–	–	–	–	–
Capital employed	5,153	–	–	–	–	–	–	–	–	–	–	–
Revenue	−63	−85	−217	−186	−199	−212	−223	0	0	−256	–	–
Profit	10	−7	3	14	7	6	8	9	−36	11	–	–
Assets	−418	−374	−2,723	−3,173	−2,946	−3,223	−3,433	−4,228	−4,075	−4,492	–	–
Liabilities	−240	−188	−175	−589	−255	−477	−725	−1,532	−1,017	−1,408	–	–
Revenue	0	0	1	–	–	–	–	–	–	–	–	–
Profit	−6	−6	−5	–	–	–	–	–	–	–	–	–
Assets	118	103	100	–	–	–	–	–	–	–	–	–
Liabilities	349	409	456	–	–	–	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Q1 results, quarter to Jun 2026

From revenue to net profit, ₹ crore

Motilal Oswal Financial Services results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Wealth Management

Asset and Private Wealth Management

Treasury Investments

Home Finance

Capital Markets