Motilal Oswal Financial Services Ltd Reports Highest-Ever Operating PAT of 3611 Cr in Q3FY26, +16% YoY

Motilal Oswal Financial Services Ltd (MOFSL) reported its highest-ever operating PAT of 3611 Cr in Q3FY26, a growth of 16% on YoY basis and 10% on QoQ basis. Total PAT (Incl. treasury & OCI) at Rs 721 Cr is up 58% on YoY basis. The growth is led by strong performance in Asset & Private Wealth Management business. The Board declared an interim dividend of Rs 6 per share. Q3FY26 Business Highlights: Asset Management: PAT grew 65% YoY to 227 Cr. Total AUM grew by 33% on YoY basis at 31.89 lakh Cr, driven by stellar Mutual Fund AUM growth of 40% and Private Alternates AUM growth of 62%. Net MF Flows market share robust at 7.6%; SIP inflows surged 55% YoY to 4,515 Cr, highest market share at 5%. Private Wealth Management: PAT stands at 82 Cr with Net Flows at 24,314 Cr. AUM up 31% YoY to 1.96 lakh Cr, driven by family acquisitions and higher RM productivity. Wealth Management: PAT stands at 181 Cr. Brokerage revenue grew 15% on QoQ basis. Cash volume market share was robust at 6.9% and F&O Premium market share grew to 8.4%. Total blended ADTO market share stands at 7.8%. Distribution book grew by 34% to Rs. 42,775 cr on YoY basis. ARR book grew by 33%. Loan book grew by 25% to Rs 6,630 Cr on YoY basis. Capital Markets: PAT grew 15% YoY to 270 Cr. Ranked #1 across IPOs and QIPs in CY25. Covers 350 companies in Institutional Research servicing around 903 clients. Housing Finance: PAT grew 12% YoY to 242 Cr. AUM grew 24% YoY to Rs. 5,379 Cr. Adjusted for the one-time change in disbursement recognition, disbursement grew by 47% to Rs 578 Cr (reported Rs 364 Cr). Treasury book grew 16% YoY to 89,562 Cr. Book delivered healthy XIRR of 18.5% since inception and grew at a 42% CAGR supported by reinvestment of operating profits.