Motilal Oswal Financial Services Ltd. reported its results for the quarter and half-year ending September 30, 2024, following approval by the Board of Directors at a meeting in Mumbai on October 28, 2024.
Key Highlights for Q2 FY25
- Consolidated PAT (including Other Comprehensive Income) for Q2 FY25 reached ₹1,242 crore, a 123% increase year-on-year, with a RoE of 48%.
- Consolidated operating net revenue for Q2 FY25 was ₹1,366 crore, up 46% YoY.
- Consolidated operating PAT for Q2 FY25 stood at ₹541 crore, a 53% increase YoY.
- Wealth Management business PAT for Q2 FY25 amounted to ₹225 crore, up 71% YoY.
- Asset & Private Wealth Management business PAT for Q2 FY25 was ₹213 crore, a 63% rise YoY.
- Capital markets business PAT for Q2 FY25 reached ₹73 crore, up 45% YoY.
- Housing finance business PAT was ₹27 crore.
- Assets under Advice (AUA) surpassed ₹5.7 lakh crore, reflecting an 82% YoY growth.
- Net worth stood at ₹11,070 crore as of September 30, 2024, a 48% increase YoY.
- Crisil and India Ratings upgraded the company’s rating outlook from AA Stable to AA Positive during the quarter, while ICRA upgraded it to A1.
Mr. Motilal Oswal, MD & CEO, commented on the Q2 FY25 performance: “We are experiencing strong tailwinds across all our capital market businesses. Our wealth management, capital market, and asset & private wealth management operations achieved impressive growth in Q2 FY25. Operating PAT for the quarter grew by 53% YoY to ₹541 crore, while consolidated PAT, including Treasury PAT, more than doubled to ₹1,242 crore. We believe the financialization trend in India is just beginning, and Motilal Oswal Financial Services offers a comprehensive capital market platform with a full range of products for our clients.”