Synopsis: Motilal Oswal Financial Services’ shares fell up to 7% after Q2 results showed a 35% YoY drop in revenue to ₹1,849 cr and a 68% fall in net profit to ₹363 cr.
The shares of the Mid-Cap company specializing in multiple areas, including retail broking, institutional services, wealth management, asset management, and housing finance, declined by upto 7 percent following their Q2 results, with a 68 percent decline in profit YoY.
With a market capitalization of 58,297.44 Crores on Friday, the shares of Motilal Oswal Financial Services Ltd declined by upto 6.5 percent, reaching a low of Rs. 958.05 compared to its previous close of Rs. 1025.35.
What Happened
Motilal Oswal Financial Services Ltd, engaged in multiple areas, including retail broking, institutional services, wealth management, asset management, and housing finance, has announced its Q2 results as follows:
Its Revenue from operations declined by 35 percent YoY from Rs. 2,841 Crores in Q2FY25 to Rs. 1,849 Crores in Q2FY26, and it declined by 32 percent QoQ from Rs. 2,737 Crores in Q1FY26 to Rs. 1,849 Crores in Q2FY26.
Its Net Profit YoY declined by 68 percent from Rs. 1,122 Crores in Q2FY25 to Rs. 363 Crores in Q2FY26, and it declined by 69 percent QoQ from Rs. 1,156 Crores in Q1FY26 to Rs. 363 Crores in Q2FY26.
The earnings per share (EPS) for the quarterly period stood at Rs. 6.04, compared to Rs. 19.39 in the previous quarter.
For the quarter ended 30 Sep 2025, Motilal Oswal reported a total segment profit before tax of Rs. 505.5 crore, compared to Rs. 1,405.6 crore in the previous quarter ended 30 Jun 2025, a notable decline.
By segment: Wealth Management fell slightly from Rs. 231.7 crore to Rs. 211.4 crore, Capital Markets dropped from Rs. 135.2 crore to Rs. 120.2 crore. Asset & Private Wealth Management improved from Rs. 298.7 crore to Rs. 367.9 crore, showing strong growth.
Furthermore, Home Finance rose from Rs. 30.7 crore to Rs. 42.8 crore, and Treasury Investments turned negative, falling sharply from a gain of Rs. 700.4 crore to a loss of Rs. 200.8 crore.
The company has shown strong financial performance with a Return on Capital Employed (ROCE) of 18.7% and a Return on Equity (ROE) of 25.2%, indicating efficient use of capital and consistent profitability.
Over the past five years, it has delivered an impressive profit growth of 68.7% CAGR, supported by steady sales expansion, the company’s median sales growth over the last 10 years is 18.5%. This reflects a solid track record of growth and shareholder value creation.
Company Overview & Others
Motilal Oswal Financial Services Ltd. (MOFSL) is a diversified Indian financial services company founded in 1987, offering services like wealth management, asset management, institutional and retail broking, and investment banking.
It serves a wide range of clients, including retail investors, high-net-worth individuals, and institutions. It has a large physical and online presence, with a client base exceeding 12 million and operations in over 550 cities.
As of 30th September 2025, the company has a strong network of 9,340+ external wealth managers and an extensive geographical reach through franchisees and branches. It is supported by 1,750+ relationship managers and a 100+ member research team, managing ~₹6.8 lakh crore in assets under advice. The firm serves a large client base with 9.4+ million AMC folios and 5.1+ million broking clients.
Written by Sridhar J
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