The Asset and Private Wealth Management business reported a 46% year-on-year rise in operating profit after tax (PAT) to ₹335 crore from ₹230 crore. The Wealth Management business reported operating PAT of ₹161 crore during the quarter, down 7% from ₹173 crore in the corresponding period last year.
The Capital Markets business posted a 25% year-on-year decline in operating PAT to ₹76 crore from ₹101 crore. Motilal Oswal’s Housing Finance business reported a 36% increase in operating PAT to ₹32 crore from ₹24 crore a year earlier.
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The Asset Management business, including Asset Management Company (AMC) and Motilal Oswal Alternates, reported a 73% year-on-year growth in PAT to ₹245 crore in Q1 FY27 and contributed 40% to overall PAT. Total assets under management (AUM) increased 31% year-on-year to ₹2.12 lakh crore.
Within the AMC business, which includes Mutual Funds (MF), Portfolio Management Services (PMS) and Alternative Investment Funds (AIF), net mutual fund flows market share stood at 4.2%, higher than its AUM market share of 2.9%. Systematic Investment Plan (SIP) inflows rose 16% year-on-year to ₹4,064 crore, with a market share of 4.3%. AMC AUM increased 26% year-on-year to ₹1.90 lakh crore.
Motilal Oswal Alternates reported a 99% year-on-year growth in AUM. The business completed the second close of its maiden Private Credit Fund, raising ₹2,435 crore, with a target to raise ₹3,000 crore.
The Private Wealth Management business reported annual recurring revenue (ARR) growth of 42% year-on-year to ₹157 crore. Net flows increased 37% to ₹3,929 crore, supported by a 37% rise in AUM to ₹2.4 lakh crore. The relationship manager base increased 26% to 441.
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The Wealth Management business reported ARR revenue growth of 26% year-on-year to ₹304 crore. Distribution book increased 29% to ₹45,575 crore, while the loan book grew 33% to ₹7,388 crore. The group’s Margin Trade Funding (MTF) book increased 55% year-on-year to ₹7,800 crore. Brokerage revenue grew 6% year-on-year, while overall Average Daily Turnover (ADTO) market share, including commodities, stood at 7.6% in Q1 FY27.
The Capital Markets business reported a 48% quarter-on-quarter increase in fee income and ranked second in the Qualified Institutional Placement (QIP) and Initial Public Offering (IPO) league tables for Q1 FY27.
The Housing Finance business reported a 36% year-on-year growth in PAT to ₹32 crore. Disbursements increased 64% to ₹646 crore, while AUM rose 23% year-on-year to ₹6,164 crore. Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) stood at 1.1% and 0.6%, respectively.
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Motilal Oswal Financial Services’ treasury book grew 22% year-on-year to ₹10,482 crore. The company said annuity revenues contributed 66% of the business, improving the quality and predictability of revenues.
Over the last 10 years, Motilal Oswal Financial Services reported an operating PAT compound annual growth rate (CAGR) of 33%, earnings per share (EPS) CAGR of 28%, and average return on equity (ROE) of 23%. The company said this growth was achieved through internal accruals without dilution, while net worth CAGR stood at 25% after three buybacks and consistent dividend payouts.
Shares of Motilal Oswal Financial Services Ltd ended at ₹944.80, down by ₹0.55, or 0.058%, on the BSE.
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