Motilal Oswal Financial Services Limited — Updates, 28-10-2024: Press Release

Motilal Oswal Financial Services reported a record PAT of Rs. 1,242 crore for Q2 FY25, up 123% YoY. Consolidated operating revenue reached Rs. 1,366 crore, a 46% increase. Key segments showed strong growth, with Wealth Management PAT up 71% and Asset & Private Wealth Management PAT rising 63%. The company's assets under advice surpassed Rs. 5.7 lakh crore, up 82% YoY. Additionally, ratings outlook was upgraded by CRISIL and ICRA.