Motilal Oswal Financial Services Announces Board Expansion and Strong Q2 Performance

Motilal Oswal Financial Services Limited (MOFSL) has announced significant changes to its board composition and reported robust financial results for the second quarter of fiscal year 2026.

Board Expansion

The company has made strategic appointments to its Board of Directors, aimed at strengthening leadership and governance:

Mr. Pratik Oswal and Mr. Vaibhav Agrawal, from the Promoter Group, have been appointed as Non-Executive Directors.
Mr. Joseph Conrad Agnelo D'Souza (Mr. Conrad D'Souza) and Mr. Ashok Kumar P. Kothari have joined as Independent Directors.

These appointments, effective from November 1, 2025, are subject to shareholder approval and regulatory clearances.

Q2 FY26 Financial Highlights

MOFSL reported strong financial performance for the quarter ended September 30, 2025:

Metric	Value
Consolidated revenue from operations	Rs. 4,58,613.00 lakhs
Consolidated profit after tax	Rs. 1,52,542.00 lakhs
Earnings per share (EPS) - Basic	Rs. 25.44
Earnings per share (EPS) - Diluted	Rs. 24.97

Segment Performance

The company's various business segments showed resilience:

Segment	External Revenue	Interest Income
Wealth Management	Rs. 95,027.00 lakhs	Rs. 39,329.00 lakhs
Capital Markets	Rs. 21,889.00 lakhs	Rs. 1,564.00 lakhs
Asset and Private Wealth Management	Rs. 80,988.00 lakhs	Rs. 17,820.00 lakhs
Home Finance	Rs. 19,105.00 lakhs	Rs. 17,602.00 lakhs
Treasury Investments	Rs. -3,695.00 lakhs	Rs. 2,534.00 lakhs

Leadership Commentary

Motilal Oswal, Co-founder and Chief Executive Officer of MOFSL, stated: "I am delighted to welcome the next generation of our Promoter Group to the Board. Pratik and Vaibhav bring along the values, vision, and entrepreneurial spirit on which the Motilal Oswal Group was built. Their presence marks an important milestone in the Group's journey that blends legacy with fresh thinking and long-term ambition."

He added, "We are also pleased to welcome Mr. Conrad D'Souza and Mr. Ashok Kumar P Kothari to the Board. Their leadership, integrity, and domain expertise will add immense value to our governance processes and strategic direction."

Other Developments

The company's long-term credit rating has been upgraded by ICRA from AA (Positive outlook) to AA+ (Stable outlook).
During the quarter, MOFSL raised Rs. 500.00 Crore through Private Placement of Non-Convertible Debentures (NCDs).
The company allotted 9,98,550 Equity Shares to eligible employees under various Employee Stock Options Schemes during the quarter.

These strategic moves and strong financial results underscore MOFSL's commitment to growth, governance, and shareholder value creation in the dynamic financial services landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.61%	-5.62%	+9.44%	+49.83%	+4.34%	+600.32%

Motilal Oswal Financial Services Limited (MOFSL), a leading financial services company, has reported a significant decline in its Q2 consolidated net profit while simultaneously announcing strategic board appointments and ambitious growth targets for the coming years.

Financial Performance

For the quarter ended September 30, MOFSL reported:

Consolidated net profit of ₹36.26 crore, down from ₹111.2 crore in the same period last year
Revenue stood at ₹184.9 crore, compared to ₹284 crore year-over-year
EBITDA for the quarter was ₹84 crore, down from ₹181 crore in the previous year
EBITDA margin decreased to 45.42% from 63.92% in the prior year period

The company successfully raised ₹5 crore through private placement of Non-Convertible Debentures (NCDs) during the quarter.

Board Strengthening Initiatives

In a move to bolster its strategic leadership and governance, MOFSL announced key appointments to its Board of Directors:

Promoter Group Appointments:
- Mr. Pratik Oswal and Mr. Vaibhav Agrawal from the Promoter Group have been appointed to the Board.
Independent Directors:
- Mr. Joseph Conrad Agnelo D'Souza (Mr. Conrad D'Souza), a senior HDFC Group veteran with four decades of experience.
- Mr. Ashok Kumar P. Kothari, a senior IRS officer with three decades of distinguished career.

These appointments are subject to shareholder approval and necessary regulatory clearances.

Strategic Implications and Future Outlook

Mr. Motilal Oswal, Co-founder and Chief Executive Officer of MOFSL, commented on the appointments: "I am delighted to welcome the next generation of our Promoter Group to the Board. Pratik and Vaibhav bring along the values, vision, and entrepreneurial spirit on which the Motilal Oswal Group was built. Their presence marks an important milestone in the Group's journey that blends legacy with fresh thinking and long-term ambition."

Despite the decline in quarterly profits, MOFSL has set targets for the future:

The company expects 20-22% compounded PAT growth through FY27.
Assets Under Administration (AUA) are projected to surpass ₹6 trillion.
Fee-based revenue share is expected to rise to 80%.
MOFSL plans continued expansion in AMC, private wealth, and alternative investments.

The company's strategy focuses on deepening retail and institutional participation through FY27. This approach builds on MOFSL's track record, having achieved a 24% CAGR in net worth and 39% CAGR in AUA over the past decade.

Current Position

Motilal Oswal Financial Services currently employs over 13,250 professionals, serves more than 13.6 million clients across 550+ cities, and manages assets under advice (AUA) of approximately ₹6.5 lakh crore.