Motilal Oswal Financial Services on Thursday reported a 10% year-on-year rise in consolidated net profit to Rs 1,273 crore for the April-June quarter of FY27, driven by robust growth in its asset management and wealth businesses, the company said in an exchange filing.
Revenue climbed 25% YoY, while total assets under management (AUM) crossed Rs 2.12 lakh crore, up 31% YoY, as the diversified financial services franchise extended its multi-quarter growth streak. The results were announced in the post-market hours of Thursday, alongside nearly 60 other companies reporting Q1 FY27 earnings the same day, according to market reports.
Q1 FY27 Earnings: Key Numbers at a Glance
Consolidated revenue from operations climbed to Rs 3,426 crore in Q1 FY27, up from Rs 2,738 crore in the year-ago quarter, the company said.
Total expenses rose 42% YoY to Rs 1,898 crore during the quarter, reflecting higher variable costs linked to the scale-up in AUM and wealth flows.
The growth was broad-based across the firm’s asset management, wealth management, and capital markets verticals, which together make up its core operating businesses, according to the exchange filing.
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Net Profit | Rs 1,273 crore | Rs 1,162 crore | +10% |
| Revenue from Operations | Rs 3,426 crore | Rs 2,738 crore | +25% |
| Total Expenses | Rs 1,898 crore | — | +42% |
| Total AUM | Rs 2.12 lakh crore | — | +31% |
Source: Motilal Oswal Financial Services exchange filing, Q1 FY27.
Asset Management Business Drives Record Operating Profit
Operating profit after tax (PAT) rose 14% YoY to a record Rs 1,513 crore in Q1 FY27, the company said, powered by a 73% surge in the asset management business’s profit to Rs 245 crore during the quarter.
The segment is now the single largest contributor to Motilal Oswal’s overall PAT, accounting for 40% of the total, according to the company’s disclosure.
The asset management vertical spans the firm’s mutual fund, portfolio management service, and alternative investment fund businesses, the company said.
Wealth Management and Private Wealth See Strong Annuity Growth
Private wealth management reported a 42% YoY rise in Annual Recurring Revenue (ARR) to Rs 157 crore, with AUM in the segment up 37% YoY, Motilal Oswal said.
In the wealth management business, ARR revenue grew 26% YoY to Rs 304 crore, while the loan book expanded 33% YoY to Rs 7,388 crore, the company added.
`Annuity-linked revenue streams now contribute 66% of total business, which the company said has improved the quality and predictability of its earnings.
Credit Rating Upgrade and Ten-Year Track Record
Ratings agency Crisil upgraded Motilal Oswal’s long-term credit rating to AA+ with a Stable outlook during the quarter, citing the strength of its franchise and resilience across market cycles, the company said.
Motilal Oswal also highlighted a 10-year operating PAT compound annual growth rate (CAGR) of 33%, earnings per share (EPS) CAGR of 28%, and average return on equity (ROE) of 23%, achieved entirely through internal accruals without equity dilution across three share buybacks and consistent dividend payouts.
Net worth CAGR stood at 25% over the same 10-year period, and at 28% over the past six years, according to the company’s statement.
Segment-Wise Performance Snapshot
The table below summarises growth across Motilal Oswal’s key business segments in Q1 FY27:
| Segment | Q1 FY27 Metric | YoY Growth |
|---|---|---|
| Asset Management | Profit: Rs 245 crore | +73% |
| Private Wealth Management | ARR: Rs 157 crore | +42% |
| Wealth Management | ARR: Rs 304 crore | +26% |
| Wealth Management Loan Book | Rs 7,388 crore | +33% |
Source: Motilal Oswal Financial Services exchange filing, Q1 FY27.
From Loss to Profit: How Q1 FY27 Compares Sequentially
On a sequential basis, Motilal Oswal swung to a consolidated net profit of Rs 1,273 crore in Q1 FY27 from a net loss of Rs 221.28 crore in the January-March quarter of FY26, the company’s exchange filings show. Total income, a broader measure that includes other income beyond core operations, rose 27% quarter-on-quarter to Rs 3,432 crore from Rs 2,695 crore in Q4 FY26. The sequential turnaround reflects a pickup in capital market activity and treasury income after a subdued March quarter.
| Metric | Q1 FY27 | Q4 FY26 | QoQ Change |
|---|---|---|---|
| Net Profit/(Loss) | Rs 1,273 crore | Rs (221.28) crore | Swing to profit |
| Total Income | Rs 3,432 crore | Rs 2,695 crore | +27% |
Source: Motilal Oswal Financial Services exchange filings, Q1 FY27 and Q4 FY26.
Motilal Oswal Share Price Today
Shares of Motilal Oswal Financial Services were trading at Rs 937.60 on the NSE as of early Thursday afternoon, down 0.58% on the day, according to live exchange data. The stock has moved within a 52-week range of Rs 614.90 to Rs 1,097.10, and its one-year return has stayed largely flat, broadly in the 0-3% band based on recent trading data. The company’s current market capitalisation stood at approximately Rs 57,000 crore, exchange data showed.
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Part of a Busy Q1 FY27 Earnings Day
Motilal Oswal’s results came on a day when nearly 60 companies were scheduled to report Q1 FY27 earnings, including Infosys, IndiGo, Cipla, and Meesho, according to market reports. The broader market had entered Thursday’s session on a cautious note after the BSE Sensex fell sharply and the Nifty 50 slipped below the 24,000 mark in the previous session amid global geopolitical tensions, according to exchange data.
About Motilal Oswal Financial Services
Motilal Oswal Financial Services, founded in 1987, is listed on the NSE under “MOTILALOFS” and on the BSE under scrip code 532892. The company operates across capital markets (retail broking, institutional equities, and investment banking), asset and wealth management, private equity, and housing finance, with Raamdeo Agrawal as Chairman and Motilal Oswal as Managing Director and CEO, according to company disclosures. Promoter holding in the company stood at 67.2% as of the latest shareholding disclosure.
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Outlook
With annuity revenues forming two-thirds of its business and a fresh AA+ Stable rating from Crisil, Motilal Oswal said its diversified model across broking, asset management, wealth management, and lending positions it to sustain growth through market cycles. The company will host an earnings call on July 24 at 12 noon IST to discuss the results with analysts and investors, according to its exchange filing to the BSE and NSE.
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FAQ
Q: What was Motilal Oswal’s net profit in Q1 FY27?
Motilal Oswal Financial Services reported a consolidated net profit of Rs 1,273 crore in Q1 FY27, up 10% year-on-year from Rs 1,162 crore.
Q: How much did Motilal Oswal’s AUM grow in Q1 FY27?
Total assets under management crossed Rs 2.12 lakh crore, up 31% year-on-year.
Q: What is Motilal Oswal’s share price today?
Shares were trading around Rs 937.60 on the NSE, within a 52-week range of Rs 614.90 to Rs 1,097.10.
Q: Did Motilal Oswal’s credit rating change this quarter?
Yes, Crisil upgraded its long-term credit rating to AA+ with a Stable outlook.
Q: When will Motilal Oswal hold its earnings call?
The company will host its Q1 FY27 earnings call on July 24 at 12 noon IST.
