Motilal Oswal Financial Services (MOTILALOFS) Q4 24/25 earnings summary

Executive summary

• Achieved robust growth in FY25, with market share gains across all capital market businesses and significant investments in research, talent, technology, brand, and infrastructure to support future growth.

• Achieved highest ever annual operating PAT of ₹2,016 Cr in FY25, up 31% year-over-year.

• Board approved audited consolidated and standalone financial results for the quarter and year ended March 31, 2025, with unmodified audit opinions from statutory auditors.

• Surpassed 12.8 million customers, including 7.8 million unique mutual fund folios and 4.8 million unique broking accounts, with assets under advice at ~₹5.5 lakh Cr.

• Double-engine model leverages both operating businesses and treasury investments for growth.

Financial highlights

• FY25 operating revenue reached ₹5,161 crore, up 31% year-over-year, and operating profit was ₹2,016 crore, also up 31%.

• Consolidated revenue from operations for FY25 was ₹8,33,905 lakhs, up from ₹7,10,471 lakhs year-over-year.

• Net worth at year-end was ₹11,079 crore, up 27% YoY; ROE for FY25 stood at 25%.

• Total PAT (including OCI) reached ₹2,494 Cr, up from ₹1,626 Cr in FY24.

• Assets under advice crossed ₹5.5 lakh crore, up 33% YoY.

Outlook and guidance

• Confident in benefiting from the long-term financialization trend in India, with expectations of a 10x increase in cumulative household savings over the next 25 years.

• Optimistic about future growth, aiming to maintain or improve IRR and net worth.

• Strong growth drivers and leading market positions across all capital market businesses, with significant headroom for further market share gains.

• Committed to maintaining strong profitability growth and consistent dividend payouts.

• Board authorized issuance of NCDs up to ₹3,000 crore, indicating plans for future capital raising.