Motilal Oswal Financial Services upgraded to AA+ (stable) by ICRA

Motilal Oswal Financial Services Limited (MOFSL) announced on October 10, 2025, that ICRA Limited has upgraded its long-term credit rating to "[ICRA]AA+ (Stable)" from "[ICRA]AA (Positive)." The short-term rating was reaffirmed at [ICRA]A1+. This upgrade applies to various instruments of MOFSL and its subsidiaries, including Motilal Oswal Home Finance Limited, Motilal Oswal Finvest Limited, Motilal Oswal Wealth Limited, and Motilal Oswal Broking and Distribution Limited.

The upgrade reflects MOFSL's strong market position, robust profitability, comfortable capitalization with substantial net worth, and modest financial leverage. ICRA highlighted the company's demonstrated ability to leverage sector momentum and its continuously strengthening franchise across capital market businesses.

In FY2025, the Group reported a return on equity of 25% and a net profit of ₹2,508 crore. The net worth as of June 2025 stood at ₹12,592 crore, with a low gearing of 1.2 times. This improved rating is expected to enhance MOFSL's borrowing capacity, reduce its cost of funds, and boost investor confidence, thereby supporting growth across its business verticals.