Motilal Oswal Financial Services reports record operating profit in Q3; declares ₹6 dividend
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Motilal Oswal Financial Services Limited (MOFSL) on Tuesday reported its highest-ever quarterly operating performance for the period ended December 31, 2025, driven by growth in its asset management and housing finance verticals. The company’s board also approved an interim dividend of ₹6 per equity share.
Financial performance overview
For the third quarter (Q3 FY26), MOFSL's consolidated net profit attributable to owners stood at ₹565.97 crore. While the bottom line remained steady compared to the previous year, the company's operating profit after tax (PAT)—a key metric reflecting core business strength—surged by 16% year-on-year (YoY) to reach a record high of ₹611 crore.
Total consolidated income, including other comprehensive income (OCI), was reported at ₹721.20 crore, marking a 58% YoY increase. The firm’s total net revenue for the quarter grew by 11% to ₹1,497 crore.
Segmental strengths
The Group's total assets under advice (AUA) crossed the ₹7 lakh crore during the quarter. This growth was spearheaded by the asset and private wealth management segment, which saw its net revenue rise 21% YoY to ₹666 crore, contributing to the overall operating PAT.
Other business segments also showed resilience:
Capital markets: Reported a 9% increase in net revenue to ₹165 crore.
Housing finance: Delivered 21% revenue growth, reaching ₹116 crore for the quarter.
Asset management AUM: Grew 33% YoY to ₹1.89 lakh crore, supported by a 55% surge in SIP inflows, which now stand at ₹4,515 crore per month.
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The company also noted a shift in its business model, with fee-based and net interest income (NII) now accounting for 74% of total revenue, up from 58% in FY21. This transition towards more sustainable, annuity-style income streams has given a boost to the firm's annualised return on equity (ROE), which stood at 26% for the nine months ended December 2025.
At the close of trade on Tuesday, MOFSL shares stood at ₹737, down 1.86% for the day. Over the last one year, the stock remains a steady performer with an 11% gain, keeping pace with the benchmark Nifty 50 index.