Motilal Oswal Financial Services (MOFSL) reported a consolidated net loss of ₹221 crore for the quarter ending in March 2026, a significant increase from a ₹65 crore loss recorded during the same period last year. Revenue surged 125% year-on-year to ₹2,676 crore, but total expenses rose by 133% to ₹2,886 crore, leading to the quarter’s losses. A considerable portion of the increases in both revenue and expenditure stemmed from the trading of commodities exceeding ₹1,400 crore.
In comparison, the brokerage had posted a net profit of ₹566 crore in the preceding December quarter. For the entire financial year that ended in March, net profit declined by over 25% to ₹1,869 crore, down from ₹2,402 crore in the previous year. Despite this decline, net revenue grew by 12% to ₹9,374 crore, with total expenses recorded at ₹6,951 crore.
In a press release, the company highlighted its highest-ever quarterly after-tax profit of ₹661 crore, reflecting a 25% year-on-year increase, alongside an annual profit of ₹2,360 crore, up 16%. The growth was attributed primarily to the Asset and Private Wealth Management (PWM) division.
Assets under management (AUM) saw a 32% year-on-year increase, reaching ₹1.76 lakh crore, bolstered by robust demand for mutual funds and private alternatives. AUM in the private wealth management segment rose by 36% to ₹1.97 lakh crore, supported by new family acquisitions and enhanced productivity among relationship managers.
The report was published on April 29, 2026.
