Motilal Oswal Financial Services quarterly results and financials

Motilal Oswal Financial Services (MOTILALOFS)₹1,147+0.29%(9 Nov 2026 close)Stockbroking & Allied

Key facts

In the Sep 2026 quarter (consolidated), Motilal Oswal Financial Services reported sales of ₹3,046 Cr, up 64.5% from Sep 2025, and net profit of ₹1,077 Cr, up 197.8% year on year. For the year to Mar 2026, sales were ₹9,388 Cr and net profit ₹1,866 Cr.

Sales (Sep 2026): ₹3,046 Cr
Net profit (Sep 2026): ₹1,077 Cr
Sales (FY Mar 2026): ₹9,388 Cr
Net profit (FY Mar 2026): ₹1,866 Cr
EPS (Sep 2026): ₹17.90
Borrowings (Mar 2026): ₹21,284 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Motilal Oswal Financial Services quarterly results

₹ crore unless stated; each column is a quarter.

Motilal Oswal Financial Services Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	1,794	2,158	2,316	2,847	1,997	1,192	2,742	1,852	2,117	2,678	3,430	3,046
Expenses	702	915	924	1,024	931	909	1,016	1,008	1,004	2,468	1,455	1,203
Operating Profit	1,087	1,234	1,385	1,811	1,058	279	1,716	838	1,102	205	1,965	1,831
OPM %	61.0%	57.0%	60.0%	64.0%	53.0%	24.0%	63.0%	45.0%	52.0%	8.0%	57.0%	60.0%
Other Income	5.99	17.95	18.96	14.97	25.94	17.96	6.98	10.97	7.98	15.96	5.98	1.99
Interest	262	302	327	354	319	298	295	317	336	388	414	476
Depreciation	24.05	24.05	22.03	23.05	27.04	26.04	26.03	28.05	29.03	28.05	28.06	30.04
Profit before tax	808	928	1,057	1,451	740	−26.98	1,404	505	747	−194	1,531	1,331
Tax %	17.9%	21.9%	16.9%	22.9%	23.9%	136.9%	17.9%	27.9%	23.9%	12.9%	17.0%	18.9%
Net Profit	658	722	881	1,119	564	−62.78	1,158	362	564	−218	1,270	1,077
EPS (Rs)	11.09	12.11	14.75	18.68	9.40	−1.07	19.35	6.03	9.41	−3.67	21.09	17.90

Motilal Oswal Financial Services profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Motilal Oswal Financial Services Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,082	1,925	2,756	2,453	2,360	3,633	4,302	4,186	7,081	8,355	9,388	11,270
Expenses	646	913	1,355	1,541	1,545	1,608	2,176	2,297	2,999	3,790	5,497	6,130
Operating Profit	431	1,005	1,391	904	809	2,010	2,113	1,871	4,054	4,535	3,869	5,103
OPM %	40.0%	52.0%	51.0%	37.0%	34.0%	56.0%	49.0%	45.0%	58.0%	55.0%	41.0%	45.3%
Other Income	0.99	−26.91	0.99	11.96	7.97	−79.83	21.95	18.96	60.84	77.84	41.89	31.91
Interest	174	442	528	516	493	430	478	596	1,013	1,296	1,335	1,613
Depreciation	35.04	33.04	37.04	24.06	40.08	48.10	48.11	58.08	83.16	99.14	111	115
Profit before tax	225	506	828	377	285	1,457	1,615	1,240	3,026	3,223	2,470	3,415
Tax %	26.9%	27.9%	24.9%	24.9%	23.9%	17.9%	18.9%	24.9%	18.9%	21.9%	23.9%	—
Exceptional items	0.00	−18.98	0.00	0.00	0.00	−68.93	0.00	0.00	−0.99	0.00	8.99	—
Net Profit	171	370	630	297	189	1,261	1,307	931	2,436	2,499	1,866	2,692
EPS (Rs)	2.96	6.22	10.71	5.03	3.09	21.45	21.92	15.72	40.89	41.67	30.99	44.73
Dividend payout %	28.9%	21.9%	20.0%	42.0%	32.0%	12.0%	10.9%	16.0%	9.0%	12.0%	19.0%	—

Motilal Oswal Financial Services balance sheet

₹ crore, at each year end.

Motilal Oswal Financial Services Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	13.97	13.94	13.94	14.95	14.94	14.94	14.95	14.96	14.96	14.94	59.77	59.78
Reserves	1,278	1,417	1,767	2,864	3,028	3,062	4,434	5,648	6,218	8,692	10,983	12,787
Borrowings	798	2,589	5,071	5,329	5,157	4,638	5,710	6,170	10,297	13,785	14,748	21,284
Other Liabilities	852	1,059	1,578	2,191	2,139	2,359	3,869	5,009	6,388	9,208	8,067	9,214
Total Liabilities	2,942	5,080	8,429	10,400	10,338	10,075	14,027	16,843	22,919	31,699	33,857	43,344
Fixed Assets	300	292	294	300	302	333	350	357	466	603	753	769
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	115	115
Investments	816	1,234	1,772	2,814	2,691	3,097	3,933	4,699	4,797	6,514	8,877	10,332
Other Assets	1,826	3,554	6,363	7,287	7,345	6,645	9,744	11,787	17,656	24,583	24,113	32,128
Inventories	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Trade receivables	591	712	1,263	1,045	1,519	748	912	1,005	1,030	1,921	2,407	4,067
Cash & equivalents	272	287	463	453	689	1,377	3,494	5,314	8,831	12,059	10,495	13,470
Total Assets	2,942	5,080	8,429	10,400	10,338	10,075	14,027	16,843	22,919	31,699	33,857	43,344

Motilal Oswal Financial Services cash flow

₹ crore, for each year.

Motilal Oswal Financial Services Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−98.42	−1,246	−1,988	249	196	955	−139	1,015	−3,069	−351	1,219	−6,093
Cash from investing activity	−605	−380	−314	−157	13.99	−352	−273	−447	−274	−247	−1,076	−957
Cash from financing activity	749	1,723	2,424	−98.28	−141	−129	863	283	3,778	3,315	747	6,171
Net cash flow	44.14	96.28	125	−7.02	68.18	471	451	847	440	2,718	884	−877
Capex	25.90	35.85	51.80	40.87	26.91	69.74	64.74	54.78	154	150	169	87.65
Free cash flow	−124	−1,280	−2,037	208	168	885	−200	958	−3,222	−496	933	−6,175
CFO / OP %	−25.0%	−274.0%	−183.0%	31.0%	41.0%	137.0%	0.0%	58.0%	−148.0%	2.0%	39.0%	−139.0%

Motilal Oswal Financial Services ratios

Working-capital days and returns, by year.

Motilal Oswal Financial Services Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	280	241	240	139	227	116	93	86	91	100	106	159
Inventory days	—	—	—	—	—	—	—	—	—	—	—	0
Cash conversion cycle	279	240	239	138	226	115	92	85	90	99	105	158
Working capital days	−75	−277	−208	−240	−102	−188	−205	−278	−401	−328	−190	−146
ROCE %	13.9%	13.0%	17.9%	17.9%	11.0%	10.0%	22.0%	19.0%	13.0%	21.0%	19.0%	13.0%

Motilal Oswal Financial Services: frequently asked questions

What are the latest quarterly results of Motilal Oswal Financial Services?

For the Sep 2026 quarter, Motilal Oswal Financial Services reported sales of ₹3,046 Cr, up 64.5% year on year and net profit of ₹1,077 Cr, up 197.8% year on year. The operating margin was 60.0%.

What is the annual revenue of Motilal Oswal Financial Services?

Motilal Oswal Financial Services' sales for the year to Mar 2026 were ₹9,388 Cr; over the last twelve months they were ₹11,270 Cr.

What is the net profit of Motilal Oswal Financial Services?

Net profit for the year to Mar 2026 was ₹1,866 Cr, and ₹2,692 Cr over the last twelve months. Earnings per share over the same trailing period were ₹44.73.

How much debt does Motilal Oswal Financial Services have?

Motilal Oswal Financial Services reported borrowings of ₹21,284 Cr at Mar 2026, against cash and equivalents of ₹13,470 Cr.

What is the free cash flow of Motilal Oswal Financial Services?

Cash from operations was −₹6,093 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹6,175 Cr.

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