Summary

Motilal Oswal Financial Services (MOFSL) reported robust financial performance for Q4 and the full fiscal year 2026, with strong growth across its key business segments. The Asset Management business saw its Profit After Tax (PAT) grow significantly by 63% year-over-year in Q4 and 55% for FY26, while total AUM expanded by 32% year-over-year to ₹1,76,000 Cr. The Private Wealth Management segment also delivered strong results, with FY26 PAT rising by 15% to ₹368 Cr and AUM by 36% to ₹1,97,000 Cr. MOFSL emphasized its consistent long-term performance, boasting a 10-year Operating PAT CAGR of 33% and an average ROE of 23%, entirely from internal accruals. The company highlighted the increasing share of annuity revenue, driven by Asset Management and Private Wealth Management, as a factor improving business quality and predictability.

Key Highlights

1. 1

   Asset Management segment's Profit After Tax (PAT) surged by 63% year-over-year to ₹249 Cr in Q4 FY26 and by 55% year-over-year to ₹798 Cr for the full FY26.

2. 2

   The total Asset Under Management (AUM) for the Asset Management business grew significantly by 32% year-over-year, reaching ₹1,76,000 Cr.

3. 3

   Private Wealth Management achieved a 15% year-over-year growth in Profit After Tax (PAT) to ₹368 Cr for FY26, with its AUM expanding by 36% year-over-year to ₹1,97,000 Cr.

4. 4

   The company's Annual Recurring Revenue (ARR) constituted a substantial 64% of total revenue, primarily fueled by the strong performance of Asset & Private Wealth Management.

5. 5

   Housing Finance segment's PAT increased by 22% year-over-year to ₹159 Cr for FY26, and its AUM grew by 19% year-over-year to ₹5,829 Cr.

6. 6

   Motilal Oswal Financial Services (MOFSL) demonstrated a robust 10-year Operating PAT CAGR of 33% and an average Return on Equity (ROE) of 23%, achieved entirely through internal accruals.

7. 7

   Significant fundraising milestones included closing IBEF Fund V with ₹8,350 Cr and executing the first close of a maiden Private Credit Fund at ₹1,700 Cr, targeting a total raise of ₹3,000 Cr.