Please find enclosed herewith copy of the Business Responsibility & Sustainability Report for the FY 2025-26
Annual Report of Motilal Oswal Financial Services Limited for the Financial Year 2025-26 along with Notice of the Twenty-First Annual General Meeting
The Twenty-First Annual General Meeting of Motilal Oswal Financial Services Limited will be held on Tuesday, July 14, 2026
The Trading Window for dealing in Securities of the Company will be closed from Wednesday, July 01, 2026 for the consideration and approval of the Unaudited Financial Results of the Company for the quarter ending on June 30, 2026. The Trading Window will open 48 hours after the declaration of the said Financial Results.
Intimation regarding the newspaper publication regarding Twenty-First Annual General Meeting of the Company.
Motilal Oswal Financial Services Limited has informed the Exchanges regarding allotment of 1,02,050 securities pursuant to ESOP/ESPS at its meeting held on June 15, 2026
We wish to inform the Exchanges that the Company has received No-objection letter from BSE Limited and National Stock Exchange of India Limited on Friday, June 12, 2026 for reclassification of certain members of the Promoter Group from the Promoter Group category to the Public category.
The Company has informed the Exchanges that Motilal Oswal Asset Management Company Limited (“MOAMC”), a Material Wholly-Owned Subsidiary of Motilal Oswal Financial Services Limited (“the Company”), has incorporated its Wholly-Owned Subsidiary i.e. Motilal Oswal Pension Fund Management Limited.
The Company has changed the domain name of its website from www.motilaloswalgroup.com to www.motilaloswal.com.
We hereby enclose reminder Letter to the eligible Shareholders and Newspaper Advertisement for transfer of Unclaimed Dividend and eligible Equity Shares to the Investor Education and Protection Fund Authority ("IEPF Authority")
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,499.75 | 1,639.21 | 1,784.31 | 2,141.29 | 2,312.34 | 2,837.83 | 1,998.63 | 1,208.55 | 2,737.03 | 1,849.11 | 2,111.65 | 2,676.20 |
| YOY Revenue Growth % | 99.18% | 24.2% | 66.43% | 108.42% | 54.18% | 73.12% | 12.01% | -43.56% | 18.37% | -34.84% | 5.65% | 121.44% |
| Other Income | 31.15 | 11.48 | 6.99 | 16.86 | 5.35 | 8.15 | 3.88 | 0.00 | 7.12 | 10.76 | 8.50 | 16.05 |
| Total Income | 1,530.90 | 1,650.69 | 1,791.30 | 2,158.15 | 2,317.69 | 2,845.98 | 2,002.51 | 1,208.55 | 2,744.15 | 1,859.87 | 2,120.15 | 2,692.25 |
| Total Expenses + | 894.94 | 993.12 | 982.68 | 1,228.44 | 1,259.09 | 1,392.31 | 1,261.85 | 1,235.21 | 1,338.56 | 1,354.36 | 1,371.73 | 2,886.70 |
| 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 |
| Employee Benefit Expense | 317.85 | 309.91 | 303.78 | 398.28 | 396.99 | 453.71 | 458.19 | 432.50 | 534.06 | 512.86 | 485.45 | 440.45 |
| Other Expenses | 103.07 | 134.10 | 111.35 | 132.32 | 145.73 | 178.37 | 179.46 | 205.82 | 142.55 | 180.97 | 185.37 | 1,644.47 |
| Operating Profit | 604.81 | 646.09 | 801.63 | 912.85 | 1,053.25 | 1,445.52 | 736.78 | -26.66 | 1,398.47 | 494.74 | 739.91 | -210.50 |
| OPM % | 40.3% | 39.4% | 44.9% | 42.6% | 45.5% | 50.9% | 36.9% | -2.2% | 51.1% | 26.8% | 35% | -7.9% |
| Profit Before Tax + | 635.96 | 657.57 | 808.62 | 929.71 | 1,058.60 | 1,453.67 | 740.66 | -26.66 | 1,405.59 | 505.50 | 748.41 | -194.45 |
| Tax Expense | 108.39 | 125.38 | 147.38 | 205.11 | 175.02 | 331.87 | 174.66 | 36.53 | 242.72 | 142.95 | 182.25 | 24.66 |
| Tax % | 17% | 19.1% | 18.2% | 22.1% | 16.5% | 22.8% | 23.6% | - | 17.3% | 28.3% | 24.4% | - |
| Profit After Tax | 527.57 | 532.19 | 661.24 | 724.60 | 883.58 | 1,121.80 | 566.00 | -63.19 | 1,162.87 | 362.56 | 566.16 | -219.11 |
| EPS (Basic) | 35.62 | 35.87 | 44.49 | 48.61 | 14.78 | 18.74 | 9.43 | -1.08 | 19.39 | 6.04 | 9.42 | -3.69 |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 8,417.22 | 7,067.77 | 4,177.12 | 4,296.83 | 3,625.60 | 2,357.55 | 2,462.68 |
| YOY Revenue Growth % | 19.09% | 69.2% | -2.79% | 18.51% | 53.79% | -4.27% | - |
| Other Income | 0.00 | 62.75 | 20.00 | 23.00 | 5.44 | 7.86 | 5.55 |
| Total Income | 8,417.22 | 7,130.52 | 4,197.12 | 4,319.83 | 3,631.04 | 2,365.41 | 2,468.23 |
| Total Expenses + | 5,190.96 | 4,098.64 | 2,954.87 | 2,704.02 | 2,086.20 | 2,080.22 | 1,543.04 |
| Employee Benefit Expense | 1,741.39 | 1,329.81 | 1,008.38 | 867.58 | 643.58 | 539.80 | 501.77 |
| Other Expenses | 714.60 | 480.29 | 388.18 | 1,309.99 | 965.07 | 1,006.24 | 1,041.27 |
| Operating Profit | 3,226.26 | 2,969.13 | 1,222.25 | 1,592.81 | 1,539.40 | 277.33 | 919.64 |
| OPM % | 38.3% | 42% | 29.3% | 37.1% | 42.5% | 11.8% | 37.3% |
| Profit Before Exceptional | 3,226.26 | 3,031.88 | 1,242.25 | 1,615.81 | 1,544.84 | 285.19 | 384.39 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | -88.10 | 0.00 | 0.00 |
| Profit Before Tax + | 3,226.26 | 3,031.88 | 1,242.25 | 1,615.81 | 1,456.74 | 285.19 | 384.39 |
| Tax Expense | 718.08 | 586.27 | 307.47 | 303.36 | 197.28 | 95.61 | 86.09 |
| Tax % | 22.3% | 19.3% | 24.8% | 18.8% | 13.5% | 33.5% | 22.4% |
| Profit After Tax | 2,508.18 | 2,445.61 | 934.78 | 1,312.45 | 1,259.46 | 189.58 | 298.30 |
| EPS (Basic) | 41.82 | 164.63 | 62.89 | 89.14 | 84.65 | 12.47 | 20.01 |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 0.00 | 0.00 | 0.00 | 10,365.79 | 5,381.31 | 628.02 | 0.00 |
| Property, Plant & Equipment | 730.81 | 569.36 | 426.51 | 323.67 | 315.93 | 273.21 | 0.00 |
| Capital Work in Progress | 100.59 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 0.00 | 0.00 | 0.00 | 4,684.91 | 3,922.35 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 37.10 | 33.89 | 39.30 | 32.99 | 34.40 | 25.48 | 0.00 |
| Current Assets + | 0.00 | 0.00 | 0.00 | 6,557.55 | 8,735.55 | 9,482.58 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade Receivables | 0.00 | 0.00 | 0.00 | 1,003.09 | 0.00 | 746.98 | 0.00 |
| Cash and Cash Equivalents | 6,600.23 | 5,285.67 | 2,576.31 | 2,137.54 | 1,292.02 | 843.52 | 0.00 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,000.00 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 0.00 | 8,768.74 | 6,283.18 | 5,700.65 | 4,487.76 | 3,122.89 | 0.00 |
| Equity Share Capital | 59.93 | 14.90 | 14.79 | 14.91 | 14.66 | 14.81 | 0.00 |
| Other Equity | 11,019.40 | 8,716.87 | 6,237.45 | 5,659.46 | 4,417.50 | 3,071.49 | 0.00 |
| Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 11,122.56 | 9,567.00 | 53.35 | 0.00 |
| Current Liabilities | 0.00 | 0.00 | 0.00 | 100.13 | 62.10 | 6,934.36 | 0.00 |
| Total Liabilities | 22,856.33 | 23,060.47 | 16,726.76 | 11,222.69 | 9,629.10 | 6,987.71 | 0.00 |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 1,214.60 | -349.02 | -3,057.90 | 1,010.68 | 929.25 | 0.00 | 0.00 |
| Cash from Investing Activities | -1,077.28 | -246.85 | -287.48 | -447.39 | -276.32 | 0.00 | 0.00 |
| Cash from Financing Activities | 745.14 | 3,305.23 | 3,784.14 | 282.20 | -204.43 | 0.00 | 0.00 |
| Net Increase/Decrease in Cash | 882.46 | 2,709.36 | 438.76 | 845.48 | 448.51 | 0.00 | 0.00 |