Motilal Oswal Q3 Results: Revenue up 18% as asset, wealth management drive growth; dividend declared

Motilal Oswal Financial Services Ltd posted a resilient performance in the third quarter of FY26, with consolidated net profit rising 5.9% year-on-year to ₹565.9 crore, even as revenue climbed a robust 18% to ₹2,111.6 crore.

The company reported its highest-ever operating profit after tax (PAT) of ₹611 crore in Q3FY26, up 16% year-on-year and 10% sequentially. Total PAT, including treasury and OCI gains, surged 58% year-on-year to ₹721 crore, underlining the strength of its diversified business model.

Performance was led by strong momentum in asset and private wealth management. The asset management business saw PAT jump 65% year-on-year to ₹227 crore, with total AUM rising 33% to ₹1.89 lakh crore. Mutual fund AUM grew 40%, while private alternatives expanded 62%. SIP inflows surged 55% year-on-year to ₹4,515 crore, giving Motilal Oswal the highest market share of 5%.

Private wealth management reported PAT of ₹82 crore, with AUM up 31% year-on-year to ₹1.96 lakh crore, supported by steady net inflows and improved relationship manager productivity.

The wealth management segment delivered PAT of ₹181 crore, with brokerage revenue rising 15% sequentially and market share gains across cash and derivatives.

Capital markets PAT grew 15% year-on-year to ₹70 crore, with the firm ranking first in IPOs and QIPs during CY25. Housing finance PAT rose 12% to ₹42 crore, while the treasury book expanded 16% year-on-year to ₹9,562 crore, delivering a healthy XIRR of 18.5%.

The board declared an interim dividend of ₹6 per equity share for FY26.

Ahead of the results, shares of Motilal Oswal Financial Services closed at ₹738 on the NSE, down 1.4%.