Motilal Oswal Financial Services (MOFSL) reported a consolidated net loss of ₹221 crore for the March-ended quarter, widening sharply from ₹65 crore in the year-ago period, as a rise in expenses outpaced revenue growth.
Revenue surged 125 per cent year-on-year to ₹2,676 crore. However, total expenses rose at a faster clip of 133 per cent to ₹2,886 crore, dragging the firm into losses during the quarter.
A significant portion of the spike in both income and expenditure was driven by the purchase and sale of commodities worth over ₹1,400 crore.
In the December quarter, the brokerage had posted a net profit of ₹566 crore.
For the full financial year ended March, net profit declined over 25 per cent to ₹1,869 crore, compared with ₹2,402 crore in the previous year. This came even as net revenue rose 12 per cent to ₹9,374 crore. Total expenses were at ₹6,951 crore.
In its press release, however, the company highlighted record performance on an adjusted basis: it posted its highest-ever quarterly profit after tax of ₹661 crore, up 25 per cent year-on-year, and an annual profit of ₹2,360 crore, up 16 per cent. Growth was led by the Asset and Private Wealth Management (PWM) business.
In a press release, the broker said it reported its highest-ever quarterly profit after tax of ₹661 crore, up 25 per cent on the year, and an annual profit of ₹2,360 crore, up 16 per cent. Growth was led by the Asset and Private Wealth Management (PWM) business.
Assets under management (AUM) rose 32 per cent year-on-year to ₹1.76 lakh crore, driven by strong traction in mutual funds and private alternatives. Meanwhile, AUM in the private wealth management segment grew 36 per cent to ₹1.97 lakh crore, aided by new family acquisitions and improved productivity of relationship managers.
Published on April 29, 2026