Motilal Oswal Q2 FY27 Results: Net Profit Jumps 198% to ₹1,080 Crore

Motilal Oswal Financial Services reported a 198% year-on-year increase in consolidated net profit to ₹1,080 crore in Q2 FY27. Revenue rose 64% to ₹3,040 crore, while EBITDA increased to ₹1,840 crore.

Motilal Oswal Q2 FY27 Financial Results

Financial Metric	Q2 FY27	Year-on-Year Growth
Revenue	₹3,040 crore	+64%
EBITDA	₹1,840 crore	—
EBITDA Margin	60.37%	Up from 45.42%
Net Profit	₹1,080 crore	+198%
Operating PAT	₹718 crore	+29%

The sharp increase in reported net profit was partly driven by gains from the company's treasury portfolio. Operating profit after tax (Operating PAT) grew at a more moderate 29% year-on-year.

Segment-Wise Performance

Asset and Private Wealth Management was the largest contributor to operating profit, accounting for 43% of the total.

• Asset and Private Wealth Management: Operating PAT rose 43% to ₹416 crore.
• Wealth Management: Operating PAT increased 3% to ₹175 crore.
• Capital Markets: Operating PAT stood at ₹85 crore, down 5%.
• Housing Finance: Operating PAT rose 7% to ₹36 crore.

The company's asset management business reported total assets under management of approximately ₹2.23 lakh crore, up 26% year-on-year. Private Wealth Management AUM increased 58% to around ₹3 lakh crore.

Key Business Updates

Motilal Oswal received SEBI approval to operate as a custodian of securities, with operations expected to begin in Q4 FY27. Its treasury book value increased 27% year-on-year to ₹11,346 crore.

The company also reported that annual recurring revenue accounted for 66% of total revenue, reflecting a growing contribution from recurring business.

Motilal Oswal Share Performance

Period	Return
1 day	-0.05%
5 days	+0.93%
1 month	-1.01%
6 months	+25.63%
1 year	-2.15%
5 years	+330.69%

Key takeaway: Motilal Oswal delivered strong revenue and reported profit growth in Q2 FY27, supported partly by treasury gains and continued expansion in its wealth management businesses.