Motilal Oswal Financial Services Ltd.
MOTILALOFSFinancial Services filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
18 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 18 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220506 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220804 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221028 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230130 | 2022-12-31 | yes | |
| TRANSCRIPT | 20240201 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230503 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230802 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231108 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240506 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240801 | 2024-06-30 | yes | |
| TRANSCRIPT | 20250801 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241105 | 2024-09-30 | yes | |
| TRANSCRIPT | 20251107 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250203 | 2024-12-31 | yes | |
| TRANSCRIPT | 20260203 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250506 | 2025-03-31 | yes | |
| TRANSCRIPT | 20260507 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260731 | 2026-06-30 | yes |
MOTILALOFS
files as a non-banking financial company. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | nbfc |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
A split or bonus on this company’s record does not match the move its own price made on the ex-date. 2 of the figures below are computed over a window that crosses it and are not shown; the rest do not cross it and are.
| Last close | 1,022.00 |
| 52-week range | 628.2 – 1091.3 |
| Return 1M | 1.04% |
| Return 3M | 8.02% |
| Return 1Y | 8.29% |
| Return 3Y | not shown — the adjustment is unverified |
| Return 5Y | not shown — the adjustment is unverified |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 3,426.00 |
| Other income | 6.00 |
| Total income | 3,432.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 342.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 528.00 |
| Finance costs | 414.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.67 | -0.00 |
| institutions foreign | 0.07 | -0.00 |
| institutions domestic | 0.07 | 0.01 |
| mutual funds | 0.05 | 0.01 |
| public | 0.33 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 18 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,320.00 | 1,072.00 | 1,027.00 | 1,500.00 | 1,639.00 | 1,784.00 | 2,141.00 | 2,312.00 | 2,838.00 | 1,999.00 | 1,209.00 | 2,737.00 | 1,849.00 | 2,112.00 | 2,676.00 | 3,426.00 |
| Other income | 7.00 | 6.00 | 6.00 | 31.00 | 11.00 | 7.00 | 17.00 | 5.00 | 8.00 | 4.00 | 0.00 | 7.00 | 11.00 | 9.00 | 16.00 | 6.00 |
| Total income | 1,327.00 | 1,078.00 | 1,034.00 | 1,531.00 | 1,651.00 | 1,791.00 | 2,158.00 | 2,318.00 | 2,846.00 | 2,003.00 | 1,209.00 | 2,744.00 | 1,860.00 | 2,120.00 | 2,692.00 | 3,432.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 342.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 244.00 | 261.00 | 272.00 | 318.00 | 310.00 | 304.00 | 398.00 | 397.00 | 454.00 | 458.00 | 432.00 | 534.00 | 513.00 | 485.00 | 440.00 | 528.00 |
| Finance costs | 130.00 | 169.00 | 190.00 | 216.00 | 241.00 | 262.00 | 295.00 | 318.00 | 347.00 | 303.00 | 298.00 | 295.00 | 317.00 | 336.00 | 388.00 | 414.00 |
| Depreciation and amortisation | 16.00 | 17.00 | 13.00 | 17.00 | 17.00 | 24.00 | 24.00 | 22.00 | 23.00 | 27.00 | 26.00 | 26.00 | 28.00 | 29.00 | 28.00 | 28.00 |
| Other expenses | 331.00 | 325.00 | 103.00 | 103.00 | 134.00 | 111.00 | 132.00 | 146.00 | 178.00 | 179.00 | 206.00 | 143.00 | 181.00 | 185.00 | 1,644.00 | 212.00 |
| Total expenses | 720.00 | 772.00 | 786.00 | 895.00 | 993.00 | 983.00 | 1,228.00 | 1,259.00 | 1,392.00 | 1,262.00 | 1,235.00 | 1,339.00 | 1,354.00 | 1,372.00 | 2,887.00 | 1,898.00 |
| Profit before exceptional items and tax | 607.00 | 307.00 | 247.00 | 636.00 | 658.00 | 809.00 | 930.00 | 1,059.00 | 1,454.00 | 741.00 | -27.00 | 1,406.00 | 506.00 | 748.00 | -194.00 | 1,534.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 607.00 | 307.00 | 247.00 | 636.00 | 658.00 | 809.00 | 930.00 | 1,059.00 | 1,454.00 | 741.00 | -27.00 | 1,406.00 | 506.00 | 748.00 | -194.00 | 1,534.00 |
| Current tax | 70.00 | 79.00 | 72.00 | 88.00 | 91.00 | 106.00 | 150.00 | 123.00 | 169.00 | 169.00 | 121.00 | 191.00 | 125.00 | 178.00 | 151.00 | 133.00 |
| Deferred tax | 28.00 | 3.00 | 9.00 | 22.00 | 33.00 | 42.00 | 56.00 | 52.00 | 163.00 | 6.00 | -85.00 | 59.00 | 18.00 | 4.00 | -127.00 | 127.00 |
| Tax expense | 98.00 | 81.00 | 81.00 | 110.00 | 124.00 | 147.00 | 205.00 | 175.00 | 332.00 | 175.00 | 37.00 | 250.00 | 143.00 | 182.00 | 25.00 | 260.00 |
| Profit for the period | 510.00 | 227.00 | 165.00 | 528.00 | 532.00 | 661.00 | 725.00 | 884.00 | 1,122.00 | 566.00 | -63.00 | 1,163.00 | 363.00 | 566.00 | -219.00 | 1,274.00 |
| Profit attributable to owners | 509.00 | 226.00 | 165.00 | 527.00 | 531.00 | 660.00 | 723.00 | 882.00 | 1,120.00 | 565.00 | -65.00 | 1,162.00 | 362.00 | 566.00 | -221.00 | 1,273.00 |
| Profit attributable to non-controlling interests | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 | 1.00 | 2.00 | 1.00 | 0.00 | 0.00 | 2.00 | 1.00 |
| Other comprehensive income | 40.00 | 14.00 | -51.00 | 145.00 | 24.00 | 114.00 | -98.00 | 139.00 | 122.00 | -109.00 | -159.00 | 268.00 | -77.00 | 155.00 | -172.00 | 240.00 |
| Total comprehensive income | 550.00 | 241.00 | 115.00 | 672.00 | 556.00 | 775.00 | 626.00 | 1,023.00 | 1,243.00 | 457.00 | -223.00 | 1,431.00 | 285.00 | 721.00 | -391.00 | 1,513.00 |
| Earnings per share, basic | 34.45 | 15.45 | 11.35 | 35.62 | 35.87 | 44.49 | 48.61 | 14.78 | 18.74 | 9.43 | -1.08 | 19.39 | 6.04 | 9.42 | -3.69 | 21.15 |
| Earnings per share, diluted | 34.27 | 15.33 | 11.31 | 35.55 | 35.81 | 44.30 | 18.17 | 14.58 | 18.44 | 9.26 | -1.06 | 19.10 | 5.97 | 9.21 | -3.69 | 20.77 |
| Interest earned | — | — | 353.00 | — | 449.00 | 490.00 | 556.00 | 587.00 | 666.00 | 605.00 | 585.00 | 570.00 | 642.00 | 689.00 | 720.00 | 746.00 |
| Fees and commission income | — | — | 688.00 | — | 872.00 | 862.00 | 1,137.00 | 1,094.00 | 1,281.00 | 1,148.00 | 1,023.00 | 1,091.00 | 1,163.00 | 1,205.00 | 1,236.00 | 1,239.00 |
| Net gain on fair value changes | — | — | -40.00 | — | 294.00 | 413.00 | 424.00 | 615.00 | 871.00 | 234.00 | -430.00 | 1,068.00 | 18.00 | 197.00 | -717.00 | 1,105.00 |
| Dividend income | — | — | 5.00 | — | 7.00 | 0.00 | 1.00 | 1.00 | 8.00 | 0.00 | 1.00 | 1.00 | 19.00 | 0.00 | 2.00 | 1.00 |
| Rental income | — | — | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,463.00 | 2,358.00 | 3,626.00 | 4,297.00 | 4,177.00 | 7,068.00 | 8,417.00 | 9,374.00 |
| Other income | 6.00 | 8.00 | 5.00 | 23.00 | 20.00 | 63.00 | 0.00 | 42.00 |
| Total income | 2,468.00 | 2,365.00 | 3,631.00 | 4,320.00 | 4,197.00 | 7,131.00 | 8,417.00 | 9,416.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 502.00 | 540.00 | 644.00 | 868.00 | 1,008.00 | 1,330.00 | 1,741.00 | 1,973.00 |
| Finance costs | 517.00 | 494.00 | 430.00 | 478.00 | 596.00 | 1,014.00 | 1,298.00 | 1,336.00 |
| Depreciation and amortisation | 24.00 | 40.00 | 47.00 | 48.00 | 58.00 | 83.00 | 99.00 | 111.00 |
| Other expenses | 1,041.00 | 1,006.00 | 965.00 | 1,310.00 | 388.00 | 480.00 | 715.00 | 2,142.00 |
| Total expenses | 2,084.00 | 2,080.00 | 2,086.00 | 2,704.00 | 2,955.00 | 4,099.00 | 5,191.00 | 6,951.00 |
| Profit before exceptional items and tax | 384.00 | 285.00 | 1,545.00 | 1,616.00 | 1,242.00 | 3,032.00 | 3,226.00 | 2,465.00 |
| Exceptional items | 0.00 | 0.00 | -88.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 384.00 | 285.00 | 1,457.00 | 1,616.00 | 1,242.00 | 3,032.00 | 3,226.00 | 2,465.00 |
| Current tax | 184.00 | 134.00 | 161.00 | 236.00 | 291.00 | 434.00 | 582.00 | 645.00 |
| Deferred tax | -90.00 | -64.00 | 98.00 | 69.00 | 18.00 | 152.00 | 136.00 | -45.00 |
| Tax expense | 94.00 | 70.00 | 259.00 | 305.00 | 309.00 | 586.00 | 718.00 | 600.00 |
| Profit for the period | 298.00 | 190.00 | 1,259.00 | 1,312.00 | 935.00 | 2,446.00 | 2,508.00 | 1,872.00 |
| Profit attributable to owners | 294.00 | 183.00 | 1,245.00 | 1,310.00 | 932.00 | 2,441.00 | 2,502.00 | 1,869.00 |
| Profit attributable to non-controlling interests | 4.00 | 6.00 | 14.00 | 3.00 | 3.00 | 5.00 | 7.00 | 3.00 |
| Other comprehensive income | -3.00 | -60.00 | 292.00 | 41.00 | -46.00 | 185.00 | -8.00 | 174.00 |
| Total comprehensive income | 295.00 | 130.00 | 1,551.00 | 1,354.00 | 888.00 | 2,631.00 | 2,500.00 | 2,047.00 |
| Earnings per share, basic | 20.01 | 12.47 | 84.65 | 89.14 | 62.89 | 164.63 | 41.82 | 31.12 |
| Earnings per share, diluted | 19.47 | 12.20 | 82.71 | 88.38 | 62.66 | 162.91 | 41.00 | 30.46 |
| Interest earned | — | — | — | — | 1,228.00 | 1,895.00 | 2,443.00 | 2,621.00 |
| Fees and commission income | — | — | — | — | 2,733.00 | 3,625.00 | 4,546.00 | 4,695.00 |
| Net gain on fair value changes | — | — | — | — | 139.00 | 1,465.00 | 1,290.00 | 566.00 |
| Dividend income | — | — | — | — | 9.00 | 9.00 | 10.00 | 22.00 |
| Rental income | — | — | — | — | 0.00 | 1.00 | 0.00 | 0.00 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 19,405.00 | 23,010.00 | 29,184.00 | 31,829.00 | 37,053.00 | 33,987.00 | 35,627.00 | 43,468.00 |
| Non-current assets | 6,122.00 | — | — | — | — | — | — | — |
| Current assets | 13,284.00 | — | — | — | — | — | — | — |
| Property, plant and equipment | 359.00 | 427.00 | 498.00 | 569.00 | 606.00 | 731.00 | 733.00 | 730.00 |
| Capital work-in-progress | — | 0.00 | — | — | — | 101.00 | 116.00 | 115.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 40.00 | 39.00 | 36.00 | 34.00 | 32.00 | 37.00 | 35.00 | 38.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade receivables | 1,144.00 | — | — | — | — | — | — | — |
| Cash and cash equivalents | 1,733.00 | 2,576.00 | 4,227.00 | 5,286.00 | 8,364.00 | 6,600.00 | 3,644.00 | 5,161.00 |
| Total equity and liabilities | 19,405.00 | 23,010.00 | 29,184.00 | 31,829.00 | 37,053.00 | 33,987.00 | 35,627.00 | 43,468.00 |
| Equity | 6,001.00 | 6,283.00 | 7,498.00 | 8,769.00 | 11,111.00 | 11,131.00 | 12,933.00 | 12,952.00 |
| Equity share capital | 15.00 | 15.00 | 15.00 | 15.00 | 60.00 | 60.00 | 60.00 | 60.00 |
| Other equity | 5,957.00 | 6,237.00 | 7,450.00 | 8,717.00 | 11,010.00 | 11,019.00 | 12,811.00 | 12,828.00 |
| Total liabilities | 13,405.00 | — | — | 23,060.00 | — | 22,856.00 | 22,694.00 | 30,516.00 |
| Non-current liabilities | 7,245.00 | — | — | — | — | — | — | — |
| Current liabilities | 6,159.00 | — | — | — | — | — | — | — |
| Borrowings, non-current | 5,418.00 | — | — | — | — | — | — | — |
| Borrowings, current | 2,357.00 | — | — | — | — | — | — | — |
| Trade payables | 3,720.00 | — | — | — | — | — | — | — |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -1,546.00 | -3,058.00 | 69.00 | -349.00 | 1,600.00 | 1,215.00 | -2,345.00 | -6,071.00 |
| Net cash from investing activities | -217.00 | -287.00 | -115.00 | -247.00 | -366.00 | -1,077.00 | -1,034.00 | -958.00 |
| Net cash from financing activities | 1,380.00 | 3,784.00 | 1,697.00 | 3,305.00 | 2,130.00 | 745.00 | 783.00 | 6,154.00 |
| Purchase of property, plant and equipment | 71.00 | 168.00 | 90.00 | 0.00 | 58.00 | 101.00 | 30.00 | 72.00 |
| Net increase in cash | -383.00 | 439.00 | 1,651.00 | 2,709.00 | 3,363.00 | 882.00 | -2,596.00 | -875.00 |
| con:CFO.BEFORE_TAX | -1,416.00 | -2,775.00 | 228.00 | 89.00 | 1,821.00 | 1,780.00 | -2,041.00 | -5,408.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | -2.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | -9.00 | 0.00 | -9.00 | -9.00 | -10.00 | -20.00 | 0.00 |
| con:TAX_PAID.OPERATING | 130.00 | 274.00 | 159.00 | 428.00 | 212.00 | 555.00 | 284.00 | 663.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 483.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9,941.00 |
| con:INVESTMENTS_SOLD | 0.00 | 353.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9,049.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 3.00 | -151.00 | 0.00 | -180.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-11 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 69.66 | 69.53 | 69.39 | 69.16 | 69.04 | 69.04 | 68.86 | 68.71 | 68.44 | 67.80 | 0.68 | 0.68 | 0.68 | 0.67 |
| Domestic institutions | 6.11 | 6.28 | 6.76 | 6.94 | 6.21 | 6.07 | 6.40 | 6.39 | 5.71 | 5.44 | 0.06 | 0.06 | 0.06 | 0.07 |
| Mutual funds | — | — | — | — | — | — | — | — | 5.12 | 4.79 | 0.05 | 0.05 | 0.05 | 0.05 |
| Insurance companies | 0.00 | 0.02 | 0.05 | 0.11 | 0.12 | 0.10 | 0.13 | 0.21 | 0.32 | 0.23 | 0.00 | 0.00 | 0.00 | 0.01 |
| Foreign institutions | 6.41 | 6.29 | 6.48 | 6.73 | 6.39 | 6.46 | 6.34 | 5.89 | 6.01 | 7.29 | 0.08 | 0.07 | 0.07 | 0.07 |
| Government | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 |
| Public | 30.34 | 30.47 | 30.61 | 30.84 | 30.96 | 30.96 | 31.14 | 31.29 | 31.56 | 32.20 | 0.32 | 0.32 | 0.32 | 0.33 |
| Non-institutional | 17.82 | 17.90 | 17.37 | 17.16 | 18.36 | 18.43 | 18.39 | 19.01 | 19.83 | 19.47 | 0.19 | 0.19 | 0.19 | 0.19 |
| Shares outstanding | 147951126 | 148237485 | 148530616 | 149007291 | 597043612 | 597043612 | 598574276 | 599278608 | 599313828 | 599510682 | 600509232 | 601131194 | 601860072 | 602146704 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Motilal Oswal Financial Services Limited | Holding Company | Any other transaction | 27,678,048,000.00 | 8 |
| Motilal Oswal Wealth Limited | Wholly Owned Subsidiary Company | Any other transaction, Interest paid, Interest recei | 7,734,998,000.00 | 16 |
| Motilal Oswal Home Finance Limited | Subsidiary Company | Any other transaction, Interest paid, Sale of goods | 4,146,966,000.00 | 10 |
| Motilal Oswal Asset Management Company Limited | Wholly Owned Subsidiary Company | Any other transaction, Interest paid, Interest recei | 1,917,154,000.00 | 13 |
| Motilal Oswal Finvest Limited | Wholly Owned Subsidiary Company | Any other transaction, Investment, Sale of goods or | 1,264,740,000.00 | 7 |
| MO Alternate Investment Advisors Private Limited | Wholly Owned Subsidiary Company | Any other transaction, Interest received, Sale of go | 671,577,000.00 | 6 |
| Motilal Oswal Investment Advisors Limited | Wholly Owned Subsidiary Company | Any other transaction, Interest paid, Interest recei | 568,398,000.00 | 12 |
| Motilal Oswal Finsec IFSC Limited | Wholly Owned Subsidiary Company | Any other transaction, Interest received | 308,907,000.00 | 3 |
| Director of MO Alternate Investment Advisors Private Limited | Director | Remuneration | 228,182,000.00 | 1 |
| Ajay Menon | Director | Any other transaction, Remuneration, Sale of goods o | 215,676,000.00 | 3 |
| Director of Motilal Oswal Asset Management Company Limited | Director | Remuneration | 196,545,000.00 | 2 |
| Director of Subsidiary | Director of Subsidiary Company | Remuneration | 193,641,000.00 | 10 |
| Rajat Rajgarhia | Director | Any other transaction, Remuneration, Sale of goods o | 148,492,000.00 | 3 |
| Navin Agarwal | Director | Remuneration, Sale of goods or services | 114,346,000.00 | 2 |
| Motilal Oswal Broking and Distribution Limited | Wholly Owned Subsidiary Company | Any other transaction, Interest received, Investment | 91,423,000.00 | 8 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-31 | Q1FY27 | Read the call | |
| 2026-05-07 | Q4FY26 | Read the call | |
| 2026-02-03 | Read the call | ||
| 2025-11-07 | H1FY25 | Read the call | |
| 2025-08-01 | Q1FY25 | Read the call | |
| 2025-05-06 | Q4FY25 | Read the call | |
| 2025-02-03 | Q3FY25 | Read the call | |
| 2024-11-05 | Q2FY25 | Read the call | |
| 2024-08-01 | Q1FY25 | Read the call | |
| 2024-05-06 | Q4FY24 | Read the call | |
| 2024-02-01 | Q3FY23 | Read the call | |
| 2023-11-08 | Q2FY24 | Mr Ajay Menon, Mr Ashish Shanker, Mr Chetan Parmar, Mr Motilal Oswal, Mr Navin Agarwal, Mr | Read the call |
| 2023-08-02 | Q1FY24 | Mr Ajay Menon, Mr Ashish Shanker, Mr Chetan Parmar, Mr Motilal Oswal, Mr Navin Agarwal, Mr | Read the call |
| 2023-05-03 | Q4FY23 | Mr Ajay Menon, Mr Ashish Shanker, Mr Chetan Parmar, Mr Motilal Oswal, Mr Navin Agarwal, Mr | Read the call |
| 2023-01-30 | Q3FY23 | Mr Ajay Menon, Mr Chetan Parmar, Mr Motilal Oswal, Mr Navin Agarwal, Mr Shalibhadra Shah | Read the call |
| 2022-10-28 | Q2FY23 | Mr Ajay Menon, Mr Chetan Parmar, Mr Motilal Oswal, Mr Navin Agarwal, Mr Raamdeo Agrawal, M | Read the call |
| 2022-08-04 | Q1FY23 | Mr Ajay Menon, Mr Chetan Parmar, Mr Navin Agarwal, Mr Raamdeo Agrawal, Mr Shalibhadra Shah | Read the call |
| 2022-05-06 | Q4FY22 | Mr Ajay Menon, Mr Motilal Oswal, Mr Navin Agarwal, Mr Raamdeo Agrawal, Mr Rakesh Shinde, M | Read the call |
What they said about it, quarter by quarter
| Topic | Q2FY24 | Q2FY25 | Q3FY23 | Q3FY25 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capital allocation | — | And related question to that is that you have articulated that your dividend policy is 20% of your operating profit. | We declared an interim dividend of Rs 7 per share. | — | We declared a final dividend of Rs 3 per share and including the interim dividend, the total dividend for the year stands at Rs 10 per share. | — | — | — |
| Costs | — | — | — | — | — | — | — | — |
| Debt and cash | — | We are paying out at least 20% of the profits as dividend from operating profit which is largely free cash flow. | Our consolidated net worth stood at Rs 6,230 crores and net debt stood at INR 6,330 crores. | — | — | So, where does the long-term debt go into? − Mr. Shalibhadra Shah – CFO: − So, the long-term debt would go into our working capital in the exchanges b… | — | — |
| Demand | — | — | — | The third and the last question is more on -- again, going back to the Private Wealth division and maybe in sync with the Capital Markets division, yo… | — | — | So, I wanted to get some color on incrementally, how are you seeing the pipeline of both fresh flows coming in from these newly acquired clients also … | How do you see the pipeline going into FY 2027 given the backdrop of whatever has been going on globally? |
| Guidance | As per a study done by us, we expect this to rise meaningfully to over $100 trillion in the next 25 years, led by various factors, including an ascend… | And we expect the cash volumes to continue the growth journey. | Our RPLR increased by 50 basis points with effect from 1st of January 2023, and we expect impact of this to show up in the fourth quarter of the year. | — | And secondly, the overall impact of the MCLR re-pricing has also averaged out and bulk of that would come in FY24. Opening cost of fund is around 8.25… | We expect a similar traction over the coming quarters as well. | We have been guiding that our cross-sell ratios are quite low, particularly in the Wealth Management business and that there is a lot of headroom. | Secondly, what is the guidance for net flows in the AMC business for FY '27? |
| Margin | So is this mainly due to the margin funding book accretion. | The NIMs in the Wealth Management is a function of the funding book and the opportunity that we get in the margin trade financing segment. | Our interest income for the quarter was at Rs 211 crores, up by 27% quarter-on-quarter, led by a 14% growth in the margin trading book at Rs 3,320 cro… | But do you see the trend reversing or in terms of people not wanting to do as much speculative activity or taking margin trading funding as in the pas… | On your first question on the broking business, the overall margin funding book, if you see YoY, this book has grown almost 50% for us. | The pipeline of signed mandates provides a strong visibility of growth for the next year as well. − The overall Capital Market profit before tax margi… | The questions are in your loan against share and margin trading funding, I just wanted to know the size of the book and what kind of gearing you use i… | — |
| People | 682 million, mainly due to low AIF upfront income because of changing AIF regulations in April '23 and also increase in employee cost on account of co… | — | In addition, we've also bolstered the leadership team with senior management hiring, to strengthen ultra HNI offering and advisory capabilities. | — | Basically, we continue to invest in hiring good wealth managers, in growing our client franchise and in products and platforms. | And the second question is, how is the management thinking about entering into the affluent and the mass affluent segment some of our competitors have… | — | — |
| Pricing | — | — | So we don't see any pricing going up from our end, but not sure about the industry on an overall basis. | And secondly, have we changed the pricing in F&O because there is a change in regulation and it impacts your revenue directly. | — | — | — | — |
| Revenue growth | And in Q2, we have actually improved our NIM by almost 65 to 70 bps on our interest lending book. The lending book comprised of certainly the margin… | — | Our profit grew by 2% quarter-on-quarter to Rs 136 crores during the quarter, led by strong volume growth of 32% quarter-on-quarter. | — | Profit mix stood at Rs 135 crores in Q4FY23, led by healthy volume growth of 10% QoQ and almost 2.6 times on YoY basis. | — | So, if I look at the distribution income, the QoQ revenue growth remains substantially high as compared to the flat asset growth. | Whereas in the HNI segment, we are increasing footprint by having presence in many more locations where we see high growth of HNIs. |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2022-08-04 | Q1FY23 | Mr Shalibhadra Shah | We expect to maintain spreads over 5.5% in this business on a consistent basis. |
| 2022-08-04 | Q1FY23 | Mr Shalibhadra Shah | Overall, we expect the slippage to be around 25% of that total book. |
| 2023-01-30 | Q3FY23 | Mr Navin Agarwal | Our RPLR increased by 50 basis points with effect from 1st of January 2023, and we expect impact of this to show up in the fourth quarter of the year. |
| 2023-01-30 | Q3FY23 | Mr Shalibhadra Shah | So opex will remain elevated overall, but because we have robust NIMs of almost 7.8% and our credit costs are now meaningfully lower in the business, we expect a good ROA moving forward in the business despite the elevated opex in the next couple of years. |
| 2023-01-30 | Q3FY23 | Mr Navin Agarwal | So without trying to look at it from a quarter-to-quarter basis, the management expectation is that we should be able to generate on this Rs 4,900 crores book, some returns in that facility of what we've delivered over the last years. |
| 2023-05-03 | Q4FY23 | Mr Shalibhadra Shah | And secondly, the overall impact of the MCLR re-pricing has also averaged out and bulk of that would come in FY24. Opening cost of fund is around 8.25% for FY24 and we expect the cost of fund to marginally rise from here for the balance MCLR impacts. |
| 2023-11-08 | Q2FY24 | Mr Navin Agarwal | We expect to recoup these margins in the coming years as we newly onboarded RMs turn are profitable. The net worth of the Motilal Oswal Financial Services firm has grown at a 23% compounded rate over the last 8 years and this is after an average dividend payout during this 8-year period of 26%. |