During its meeting on Tuesday, January 28, 2025, the Board of Directors of Motilal Oswal Financial Services reviewed and approved several matters, including the unaudited financial results (both consolidated and standalone) of the Company for the quarter and nine months ended December 31, 2024.
Statement of Consolidated Financial Results for the quarter ended 31 December 2024
| (Rs. In Lakhs) | Quarter ended 31.12.2024 | Quarter ended 30.09.2024 | Quarter ended 31.12.2023 |
|---|---|---|---|
| Total Income | 2,00,251 | 2,84,921 | 1,79,763 |
| Total Expenses | 1,26,185 | 1,39,554 | 98,901 |
| Profit Before Tax (PBT) | 74,066 | 1,45,367 | 80,862 |
| Profit for the Period | 56,600 | 1,12,180 | 66,149 |
| Total Comprehensive Income | 45,716 | 1,24,333 | 77,543 |
| EPS ( Basic ) | 9.45 | 18.74 | 11.12 |
Performance of Business Segments for Q3 FY25 :
- Wealth Management: In Q3FY25, Wealth Management saw revenue of Rs. 570 crore, up 30% YoY, and PAT of Rs. 190 crore, up 16% YoY. Assets under advice grew 67% YoY to Rs. 3,08,329 crore. Distribution AUM grew 38% YoY, while NII increased 39% YoY, supported by lending book growth and improved spreads. The firm acquired 1.6 lakh new clients, and retail broking volumes rose 19% YoY.
- Asset & Private Wealth Management : Revenue in this segment hit Rs. 551 crore, up 58% YoY, with PAT growing 62% YoY to Rs. 234 crore. AMC AUM surged 101% YoY to Rs. 1,30,482 crore. Mutual Fund AUM grew 128% YoY, and SIP inflows reached Rs. 2,922 crore. Private Equity AUM grew, with revenues from these businesses up 54% YoY to Rs. 274 crore.
- Private Wealth Management : PWM’s AUM grew by 34% YoY to Rs. 1,49,271 crore. Revenue surged 61% YoY to Rs. 278 crore, while PAT grew 57% YoY to Rs. 97 crore. The RM base expanded 27% YoY to 600.
- Capital Markets : Capital Markets revenue for Q3FY25 was Rs. 151 crore, up 70% YoY, with PAT increasing 51% YoY to Rs. 61 crore. Investment Banking completed 35 deals, and fee-based revenue rose 154% YoY to Rs. 60 crore.
- Housing Finance : AUM grew 15% YoY to Rs. 4,343 crore. Disbursements surged 93% YoY to Rs. 1,014 crore in 9MFY25. Net Interest Income for Q3FY25 rose 10% YoY to Rs. 88 crore, while PAT was Rs. 37 crore. The RM base grew 46% YoY to 1,246.
- Treasury Investments : Treasury equity investments grew 44% YoY to Rs. 8,464 crore. The investment book achieved a 45% CAGR, with a healthy XIRR of 20% since inception.