Motilal Oswal Financial Services Limited — Important, 28-01-2025: Financial Result Updates

**Consolidated Financial Summary for Motilal Oswal Financial Services Limited (Q3FY25)**

Consolidated operating revenue for Q3FY25 increased by 43% to ₹1,345 crore, while revenue for the first nine months of FY25 rose by 41% to ₹3,850 crore. The operating profit after tax (PAT) for Q3FY25 was ₹525 crore, marking a 38% year-over-year growth, and PAT for the nine months stood at ₹1,497 crore, reflecting a 44% increase.

Net profit for Q3FY25 reached ₹456 crore, up 36% YoY, with a comparable PAT growth of 36% for the nine-month period, totaling ₹2,718 crore. Annual recurring revenue (ARR) as a percentage of total revenue improved to 56% in Q3FY25, driven by a substantial rise in fee-based income, which increased from 30% to 41% YoY.

Notably, the wealth management segment reported a PAT of ₹190 crore for Q3FY25, up 16% YoY, while the asset and private wealth management segment achieved a remarkable PAT growth of 62% YoY, contributing 45% to total PAT—up from 37% in Q3FY24. The capital markets business also demonstrated strong performance, with a PAT growth of 50% to ₹61 crore. Housing finance maintained steady results with a PAT of ₹36 crore.

The company's net worth is robust at ₹11,569 crore, reflecting a 40% increase YoY, further showcasing a return on equity (ROE) of 36% for the nine-month period.

Based on the strong financial performance and strategic positioning, there is optimistic sentiment surrounding growth opportunities. Investors may consider holding or cautiously buying into the stock as the company continues to strengthen its financial metrics and expand its market presence.