Motilal Oswal Financial Services quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	3,042	1,849	+64.5%
EBITDA	1,836	840	+118.6%
EBITDA margin	60.4%	45.4%	+14.9 pts
Profit before tax	1,333	506	+163.6%
Net profit	1,081	363	+198.3%
EPS	₹17.94	₹6.04	+197.0%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	3,042	3,426	2,676	2,112	1,849	2,737	1,209	1,999	2,838	2,312	2,141	1,784	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	2.1	6.5	16.1	8.5	10.8	7.1	0.0	3.9	8.2	5.4	16.9	7.0
	3,044	3,432	2,692	2,120	1,860	2,744	1,209	2,003	2,846	2,318	2,158	1,791
	0.0	342	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	594	528	440	485	513	534	432	458	454	397	398	304
	476	414	388	336	317	295	298	303	347	318	295	262
	29.6	27.9	27.7	29.1	27.8	26.1	26.2	27.3	23.4	21.8	23.9	24.0
	222	212	1,644	185	181	143	206	179	178	146	132	111
	1,711	1,898	2,887	1,372	1,354	1,339	1,235	1,262	1,392	1,259	1,228	983
	1,836	1,970	205	1,105	840	1,720	298	1,067	1,816	1,393	1,232	1,088
	1,806	1,942	177	1,076	812	1,693	272	1,039	1,793	1,371	1,208	1,064
Profit
	1,333	1,534	−194	748	506	1,406	−26.7	741	1,454	1,059	930	809
	1,333	1,534	−194	748	506	1,406	−26.7	741	1,454	1,059	930	809
	190	133	151	178	125	191	121	169	169	123	150	106
	61.1	127	−127	4.2	18.1	58.9	−84.9	5.5	163	52.4	55.5	41.6
	251	260	24.7	182	143	250	36.5	175	332	175	205	147
	0.0	0.0	0.0	0.0	0.0	7.0	0.0	0.0	0.0	0.0	0.0	−0.3
	1,081	1,274	−219	566	363	1,163	−63.2	566	1,122	884	725	661
	1,081	1,274	−219	566	363	1,156	−63.2	566	1,122	884	725	661
	−10.3	240	−172	155	−77.2	268	−159	−109	122	139	−98.1	114
	1,071	1,513	−391	721	285	1,431	−223	457	1,243	1,023	626	775
	1,081	1,273	−221	566	362	1,162	−64.8	565	1,120	882	723	660
	0.6	0.6	2.2	0.2	0.1	0.8	1.6	1.5	1.7	1.7	1.6	1.4
Per share
	₹17.94	₹21.15	−₹3.69	₹9.42	₹6.04	₹19.39	−₹1.08	₹9.43	₹18.74	₹14.78	₹48.61	₹44.49
	₹17.68	₹20.77	−₹3.69	₹9.21	₹5.97	₹19.10	−₹1.06	₹9.26	₹18.44	₹14.58	₹18.17	₹44.30
Revenue detail — as filed
	0.0	325	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	0.5	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.4	0.0	0.0
	15.3	1.5	1.5	0.3	19.0	1.2	0.9	0.3	7.9	0.9	0.6	0.4
	1,349	1,239	1,236	1,205	1,163	1,091	1,023	1,148	1,281	1,094	1,137	862
	833	1,105	−717	197	18.0	1,068	−430	234	871	615	424	413
	9.0	5.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	3.6	4.0	1,435	—	7.8	—	—	—	—	—	—	—
Expense detail — as filed
	357	342	379	328	300	304	270	303	389	362	362	278
	32.5	32.3	7.2	7.4	15.8	36.7	1.8	−8.6	0.5	15.0	17.3	2.7
Other comprehensive income — detail
	−10.3	240	−172	155	−77.2	268	−159	−109	122	139	−98.1	114
	−11.5	280	−202	180	−89.7	312	−181	−127	158	155	−111	129
	−1.5	40.1	−28.5	25.7	−12.3	44.7	−26.1	—	—	—	—	—
	—	—	—	—	—	—	—	−18.3	36.2	16.2	−13.2	15.0
	−0.3	−1.2	2.0	0.8	0.2	0.8	−5.5	—	—	—	—	—
	−0.1	−0.3	0.5	0.2	0.1	0.2	−1.4	—	—	—	—	—
	1,070	1,513	−393	721	285	1,430	−224	456	1,242	1,021	625	774
	0.6	0.5	2.3	0.2	0.1	0.8	1.5	1.5	1.8	1.7	1.5	1.4
Per share — as-filed variants
	₹17.94	₹21.15	−₹3.69	₹9.42	₹6.04	₹19.39	−₹1.08	₹9.43	₹18.74	₹14.78	₹48.61	₹44.49
	₹17.68	₹20.77	−₹3.69	₹9.21	₹5.97	₹19.10	−₹1.06	₹9.26	₹18.44	₹14.58	₹18.17	₹44.30
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	—	3,084	—	—	—	—	—	—	—	—	—	—
	—	90.0%	—	—	—	—	—	—	—	—	—	—
Adjusted (ex-exceptional items) — derived
	1,333	1,534	−194	748	506	1,406	−26.7	741	1,454	1,059	930	809
	1,081	1,274	−219	566	363	1,163	−63.2	566	1,122	884	725	661
	₹17.94	₹21.15	−₹3.69	₹9.42	₹6.04	₹19.39	−₹1.08	₹9.43	₹18.74	₹14.78	₹48.61	₹44.49

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

MOTILALOFS₹986.10

Motilal Oswal Financial Services Ltd.

· Banking & Finance

Annual Quarterly₹ CrorePeersANGELONE IIFLCAPS 360ONE M&MFIN LTF TATAINVEST IREDA ICICIAMCMcap ₹59,349 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	1,784.3	2,141.3	2,312.3	2,837.8	1,998.6	1,208.5	2,737.0	1,849.1	2,111.6	2,676.2	3,425.8	3,041.7
Other Income	7.0	16.9	5.4	8.2	3.9	0.0	7.1	10.8	8.5	16.1	6.5	2.1
Total Income	1,791.3	2,158.2	2,317.7	2,846.0	2,002.5	1,208.5	2,744.1	1,859.9	2,120.1	2,692.2	3,432.2	3,043.8
Expenses
+ Purchases of Stock-in-Trade	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	342.0	0.0
+ Employee Benefit Expense	303.8	398.3	397.0	453.7	458.2	432.5	534.1	512.9	485.4	440.5	528.0	593.8
+ Finance Costs	262.4	294.7	317.7	347.1	302.6	298.5	294.9	317.4	336.4	387.7	414.2	475.9
+ Depreciation & Amortisation	24.0	23.9	21.8	23.4	27.3	26.2	26.1	27.8	29.1	27.7	27.9	29.6
+ Other Expenses	111.4	132.3	145.7	178.4	179.5	205.8	142.6	181.0	185.4	1,644.5	212.4	222.4
Total Expenses	982.7	1,228.4	1,259.1	1,392.3	1,261.9	1,235.2	1,338.6	1,354.4	1,371.7	2,886.7	1,898.4	1,711.1
EBITDA	1,088.1	1,231.5	1,392.8	1,816.0	1,066.7	298.0	1,719.5	839.9	1,105.4	204.9	1,969.5	1,836.1
EBIT	1,064.0	1,207.6	1,370.9	1,792.6	1,039.4	271.8	1,693.4	812.1	1,076.3	177.2	1,941.6	1,806.5
Profit
PBT before Exceptional Items	808.6	929.7	1,058.6	1,453.7	740.7	-26.7	1,405.6	505.5	748.4	-194.5	1,533.8	1,332.7
Pretax Income	808.6	929.7	1,058.6	1,453.7	740.7	-26.7	1,405.6	505.5	748.4	-194.5	1,533.8	1,332.7
+ Current Tax	105.6	149.6	122.7	169.1	169.2	121.4	190.9	124.9	178.1	151.3	133.2	190.2
+ Deferred Tax	41.6	55.5	52.4	162.8	5.5	-84.9	58.9	18.1	4.2	-126.7	126.9	61.1
Tax Expense	147.1	205.1	175.0	331.9	174.7	36.5	249.7	142.9	182.3	24.7	260.1	251.3
+ Share of Associates & JVs	-0.3	0.0	0.0	0.0	0.0	0.0	7.0	0.0	0.0	0.0	0.0	0.0
Net Income	661.2	724.6	883.6	1,121.8	566.0	-63.2	1,162.9	362.6	566.2	-219.1	1,273.7	1,081.4
+ Net Income — Continuing Ops	661.5	724.6	883.6	1,121.8	566.0	-63.2	1,155.8	362.6	566.2	-219.1	1,273.7	1,081.4
+ Other Comprehensive Income	114.2	-98.1	139.0	121.5	-108.8	-159.4	268.1	-77.2	155.0	-171.7	239.5	-10.3
Total Comprehensive Income	775.4	626.5	1,022.6	1,243.3	457.2	-222.6	1,431.0	285.4	721.2	-390.8	1,513.2	1,071.1
Net Income to Common	659.9	723.1	881.9	1,120.1	564.5	-64.8	1,162.1	362.4	566.0	-221.3	1,273.1	1,080.7
Minority Interest	1.4	1.6	1.7	1.7	1.5	1.6	0.8	0.1	0.2	2.2	0.6	0.6
Per Share
Basic EPS	44.49	48.61	14.78	18.74	9.43	-1.08	19.39	6.04	9.42	-3.69	21.15	17.94
Diluted EPS	44.30	18.17	14.58	18.44	9.26	-1.06	19.10	5.97	9.21	-3.69	20.77	17.68
Revenue Detail — as filed
+ Sale of Products	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	324.7	0.0
+ Rental Income	0.0	0.0	0.4	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.5
+ Dividend Income	0.4	0.6	0.9	7.9	0.3	0.9	1.2	19.0	0.3	1.5	1.5	15.3
+ Fees & Commission Income	862.2	1,137.3	1,093.9	1,281.1	1,148.0	1,023.4	1,090.5	1,162.6	1,205.2	1,236.2	1,238.6	1,348.9
+ Net Gain on Fair Value Changes	413.3	423.7	615.4	871.2	233.6	-429.9	1,067.9	18.0	196.6	-716.6	1,105.2	833.1
+ Net Gain on Derecognition — Amortised Cost	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	5.9	9.0
+ Other Operating Revenue	—	—	—	—	—	—	—	7.8	—	1,434.9	4.0	3.6
Expense Detail — as filed
+ Fees & Commission Expense	278.4	361.9	361.9	389.2	302.9	270.4	304.2	299.6	328.1	379.2	341.7	357.0
+ Impairment on Financial Instruments	2.7	17.3	15.0	0.5	-8.6	1.8	36.7	15.8	7.4	7.2	32.3	32.5
Other Comprehensive Income — detail
+ Other Comprehensive Income	114.2	-98.1	139.0	121.5	-108.8	-159.4	268.1	-77.2	155.0	-171.7	239.5	-10.3
+ Items NOT to be Reclassified to P&L	129.2	-111.4	155.2	157.7	-127.1	-181.4	312.2	-89.7	180.2	-201.7	280.4	-11.5
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-26.1	44.7	-12.3	25.7	-28.5	40.1	-1.5
+ Tax on Items NOT to be Reclassified — alt tag	15.0	-13.2	16.2	36.2	-18.3	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	—	—	—	—	—	-5.5	0.8	0.2	0.8	2.0	-1.2	-0.3
+ Tax on Items to be Reclassified	—	—	—	—	—	-1.4	0.2	0.1	0.2	0.5	-0.3	-0.1
Comprehensive Income — Owners of Parent	774.1	624.9	1,020.9	1,241.6	455.6	-224.2	1,430.2	285.3	721.0	-393.1	1,512.7	1,070.5
Comprehensive Income — Non-controlling Interests	1.4	1.5	1.7	1.8	1.5	1.5	0.8	0.1	0.2	2.3	0.5	0.6
Per Share — as-filed variants
Basic EPS — Continuing Operations	44.49	48.61	14.78	18.74	9.43	-1.08	19.39	6.04	9.42	-3.69	21.15	17.94
Diluted EPS — Continuing Operations	44.30	18.17	14.58	18.44	9.26	-1.06	19.10	5.97	9.21	-3.69	20.77	17.68
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	—	—	—	—	—	—	—	—	—	—	3,083.8	—
Gross Margin %	—	—	—	—	—	—	—	—	—	—	90.02	—
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	808.6	929.7	1,058.6	1,453.7	740.7	-26.7	1,405.6	505.5	748.4	-194.5	1,533.8	1,332.7
Net Income Adj (tax-effected)	661.2	724.6	883.6	1,121.8	566.0	-63.2	1,162.9	362.6	566.2	-219.1	1,273.7	1,081.4
EPS Adj	44.49	48.61	14.78	18.74	9.43	-1.08	19.39	6.04	9.42	-3.69	21.15	17.94
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Interest Earned	490.1	556.3	587.3	666.5	604.7	584.8	570.3	641.7	688.9	720.1	746.0	831.3
Paid Up Equity Capital	14.9	14.9	59.7	59.9	59.9	—	60.0	60.1	60.1	60.2	60.2	60.3

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Motilal Oswal Financial Services Q2 FY27 results (July–September 2026)

Filed with NSE on Thursday, 29 October 2026 at 5:20 pm IST

Motilal Oswal Financial Services (NSE: MOTILALOFS) reported its Q2 FY27 results (July–September 2026) on Thursday, 29 October 2026 at 5:20 pm IST. Consolidated net profit attributable to shareholders was ₹1,081 crore, up 198.2% from ₹362 crore in Q2 FY26 and down 15.1% from ₹1,273 crore in Q1 FY27. Revenue from operations was ₹3,042 crore, up 64.5% year on year and down 11.2% from the previous quarter.

Q2 FY26 results (a year earlier): 30 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹1,081 Cr+198.2% vs Q2 FY26−15.1% vs Q1 FY27Total incl. minority interest ₹1,081 Cr
Revenue from operations: ₹3,042 Cr+64.5% vs Q2 FY26−11.2% vs Q1 FY27
Earnings per share (basic): ₹17.94+197.0% vs Q2 FY26−15.2% vs Q1 FY27
Net profit margin: 35.5%+15.9 pts vs Q2 FY26−1.6 pts vs Q1 FY27

Questions

What was Motilal Oswal Financial Services' net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹1,081 crore, up 198.2% from ₹362 crore in Q2 FY26 and down 15.1% from ₹1,273 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹1,081 crore.

What was Motilal Oswal Financial Services' net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹2,354 crore, up 54.4% from ₹1,524 crore in the same months a year earlier. Revenue from operations was ₹6,467 crore, up 41.0%.

What is Motilal Oswal Financial Services' net profit margin?

Motilal Oswal Financial Services' net profit margin was 35.5% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 19.6% in Q2 FY26 (up 15.9 percentage points). For FY26 as a whole it was 19.9%.

What was Motilal Oswal Financial Services' revenue in Q2 FY27?

Revenue from operations was ₹3,042 crore, up 64.5% year on year and down 11.2% from the previous quarter.

What was Motilal Oswal Financial Services' EPS in Q2 FY27?

Basic earnings per share were ₹17.94, against ₹6.04 in Q2 FY26.

When did Motilal Oswal Financial Services announce its Q2 FY27 results?

On Thursday, 29 October 2026 at 5:20 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 30 October 2025.

How were Motilal Oswal Financial Services' Q2 FY27 results?

Both grew from a year earlier: net profit was up 198.2% at ₹1,081 crore and revenue was up 64.5% at ₹3,042 crore. Against Q1 FY27, net profit was down 15.1% and revenue down 11.2%.

What was Motilal Oswal Financial Services' net profit in FY26?

Consolidated net profit attributable to shareholders was ₹1,869 crore in FY26 (April 2025–March 2026), down 25.3% from ₹2,502 crore in FY25. It was ₹2,441 crore in FY24 and ₹932 crore in FY23: up 100.6% over three years, 26.1% a year on average.

What was Motilal Oswal Financial Services' revenue in FY26?

Revenue from operations was ₹9,374 crore in FY26 (April 2025–March 2026), up 11.4% from ₹8,417 crore in FY25. It was ₹7,068 crore in FY24 and ₹4,177 crore in FY23: up 124.4% over three years, 30.9% a year on average.

How has Motilal Oswal Financial Services' profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: a profit of ₹566 crore in Q3 FY26, a loss of ₹221 crore in Q4 FY26, a profit of ₹1,273 crore in Q1 FY27 and a profit of ₹1,081 crore in Q2 FY27. That is a combined profit of ₹2,699 crore over the four quarters, up 33.3% from ₹2,024 crore in the four quarters before. Revenue from operations: ₹2,112 crore, ₹2,676 crore, ₹3,426 crore and ₹3,042 crore.

When will Motilal Oswal Financial Services announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Motilal Oswal Financial Services figures come from?

From Motilal Oswal Financial Services' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 29 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.