Motilal Oswal Financial Services Limited — Investor Meet, 03-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Motilal Oswal reported strong Q3FY26 results with Operating PAT up 16% YoY to ₹611 Cr. Adjusted PAT grew 18%. Annuity businesses, including Asset & Private Wealth, led growth (up 32% YoY) and now contribute over 50% to operating profit. Consolidated Annual Recurring Revenue is 65% of net revenue, expected to rise. Interim dividend increased 20% to ₹6/share. Asset Management AUM grew 33% to ₹189,000 Cr; Private Wealth AUM rose 31% to ₹195,000 Cr. A new private credit fund was launched, boosting Alternates AUM to ₹34,284 Cr. Management views India's financialization trend as a multi-decadal opportunity, aiming for high growth and leveraging a strong balance sheet. The sentiment is confident on continued market share gains and expansion.