Motilal Oswal Financial Services (MOFSL) reported a significant drop in its consolidated earnings for the quarter ending September 2025, primarily due to losses in its treasury business and subdued broking activities impacting overall performance.
The consolidated net profit plummeted nearly 68% year-on-year to ₹362 crore, down from ₹1,120 crore in the same quarter last year and a 69% decrease sequentially. Revenue from operations fell 35% year-on-year and 32% sequentially, totaling ₹1,849 crore, compared to ₹2,841 crore in the previous year and ₹2,737 crore in the preceding June quarter.
The broking division’s revenue decreased to ₹560 crore in the September quarter from ₹637 crore a year ago, largely due to diminished market volumes. Furthermore, the treasury investment segment reported a negative revenue of ₹62.29 crore in the latest quarter, a stark contrast to the positive ₹856.66 crore recorded in the year-ago period, resulting in a loss of ₹268 crore. This downturn was attributed to mark-to-market valuation losses on a sizable treasury portfolio amounting to ₹8,957 crore.
Total expenses for the quarter stood at ₹1,354 crore, slightly lower than ₹1,338 crore in the June quarter and ₹1,402 crore from the previous year’s period. The operating profit was reported at ₹554 crore.
Additionally, MOFSL announced the appointments of Pratik Oswal and Vaibhav Agrawal, members of the promoter group, to its board. The company has also recruited industry veterans Conrad D’Souza, previously with the HDFC Group, and senior IRS officer Ashok Kumar P Kothari as independent directors, pending shareholder and regulatory approvals.
Published on October 30, 2025.
