Motilal Oswal Q2 Results: Net Profit Spikes 111%; Revenue Up 71%

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Stocks in News | Shares of Motilal Oswal Financial Services to stock card) surged over 9% intraday reaching Rs 952.5 on the National Stock Exchange (NSE) on Monday, following their stellar second-quarter results. The firm’s net profit skyrocketed by 111% year-on-year, reaching Rs 1,120 crore, up from Rs 531 crore in the same quarter last year. 

By the close of trading, the stock had settled with a gain of 5%, ending the day at Rs 918.55.

Motilal Oswal Share Price

Motilal Oswal: Q2 Financial Highlights

  • Revenue Growth: Revenue from operations soared over 71% to Rs 2,838 crore from Rs 1,655 crore in the corresponding quarter of the previous year.
  • EBITDA Growth: EBITDA recorded a massive year-on-year increase of 98%, climbing to Rs 1,815.98 crore from Rs 915 crore. 
  • Margin Expansion: The EBITDA margin expanded significantly from 55.3% to 64%, marking an increase of 868 basis points, which indicates enhanced profitability and operational efficiency.
  • Lending Book: The lending book reached Rs 12,879 crore, reflecting 54% year-on-year growth, including contributions from the HFC segment. 
  • Credit Rating Upgrade: CRISIL and India Ratings upgraded the credit outlook from AA Stable to AA Positive.

Commentary from Leadership

Ramdev Agrawal, Chairman and Co-Founder of Motilal Oswal Financial Services, emphasized the company’s record operating performance during an interview with CNBC-TV18. He highlighted that the performance this quarter was the strongest on record, with a notable sequential increase of about 25%. 

Agrawal also pointed to significant contributions from treasury operations, which accounted for over Rs 700 crore in mark-to-market gains, pushing the total for the quarter to approximately Rs 1,242 crore. This figure includes adjustments for an Rs 84 crore increase in tax expenses. Effectively, the quarter's profit could have reached nearly Rs 1,325 crore, he noted. 

About Motilal Oswal Financial Services Ltd

Motilal Oswal is a top-tier financial services firm in India, serving over 9.4 million clients with Rs 5.7 lakh crore in assets under advice. Backed by approximately 9,400 external wealth managers and 2,500 Relationship Managers, the firm spans 2,500 locations, covering 98% of India’s pin codes. Its key offerings include wealth management, capital markets, asset and private wealth management, home finance, and treasury investments.

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