Motilal Oswal Financial Services' Q2 FY 2025-26 Quarterly Results

Result Summary

• Motilal Oswal Financial Services Ltd reported a 32.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 34.6%.
• Its expenses for the quarter were up by 2.8% QoQ and down 3.8% YoY.
• The net profit decreased 68.8% QoQ and decreased 67.7% YoY.
• The earnings per share (EPS) of Motilal Oswal Financial Services Ltd stood at 5.97 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Motilal Oswal Financial Services Ltd is a diversified financial services company in India. The company operates in the financial services sector, offering a range of services including wealth management, asset management, and investment banking. It is a prominent player in the Indian market, known for its strong research-based approach and a wide network of branches across the country. The company has built a reputation for its expertise in equity research, providing insights and recommendations to a broad client base. While specific recent developments are not mentioned in the provided data, Motilal Oswal Financial Services continues to adapt to the dynamic financial landscape in India.

Revenue

In the second quarter of the fiscal year 2026, Motilal Oswal Financial Services Ltd reported a total income of ₹1,859.87 crores. This represents a significant decrease of 32.2% compared to the previous quarter (Q1FY26), where total income stood at ₹2,744.15 crores. Moreover, on a year-over-year basis, total income decreased by 34.6% from ₹2,845.98 crores in Q2FY25. These figures illustrate a notable reduction in revenue generation over both the quarterly and annual periods, reflecting a challenging revenue environment during this period.

Profitability

For Q2FY26, the profit before tax for Motilal Oswal Financial Services Ltd was ₹505.51 crores, marking a sharp decline of 64.0% quarter-over-quarter from ₹1,405.59 crores in Q1FY26. Year-over-year, profit before tax decreased by 65.2% from ₹1,453.67 crores in Q2FY25. The company's tax expenses in Q2FY26 were ₹142.95 crores, which is 42.8% lower than the previous quarter's ₹249.75 crores and 56.9% lower year-over-year from ₹331.87 crores. Consequently, the profit after tax for Q2FY26 was ₹362.56 crores, a decrease of 68.8% from Q1FY26 and 67.7% from the corresponding quarter the previous year. Earnings per share also reflected this trend, dropping to ₹5.97 from ₹19.10 in Q1FY26 and ₹18.44 in Q2FY25, indicating considerable reductions in profitability metrics across the board.

Operating Metrics

Total expenses for Motilal Oswal Financial Services Ltd in Q2FY26 amounted to ₹1,338.58 crores. This represents an increase of 2.8% from the prior quarter (Q1FY26), where expenses were ₹1,301.91 crores. However, when compared to the same quarter in the previous year (Q2FY25), total expenses decreased by 3.8% from ₹1,391.78 crores. The financial data highlights the company's cost management strategy amidst a challenging revenue environment. Despite a reduction in income and profitability, the company managed to control its expenses compared to the previous year, although there was a slight uptick in expenses on a quarterly basis.