Motilal Oswal reports strong Q2 FY26, bolsters board and credit rating

Motilal Oswal Financial Services Limited (MOFSL) reported its highest-ever operating PAT of ₹554 Cr in Q2 FY26, contributing to an 11% growth to ₹1,088 Cr in H1 FY26, driven by strong performance in Asset Management, Private Wealth, and Capital Markets. The company's net worth has grown nearly 10x from March 2015 to September 2025 to ₹12,871 Cr, reflecting a 22% average ROE without external capital raises. MOFSL also announced its unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2025.

In a strategic move to strengthen governance and leadership, MOFSL appointed four new directors: Mr. Pratik Oswal and Mr. Vaibhav Agrawal from the promoter group as non-executive directors, and Mr. Joseph Conrad Agnelo D'Souza and Mr. Ashok Kumar P Kothari as independent directors, effective November 1, 2025. This follows an upgrade of MOFSL's long-term credit rating by ICRA from AA (Positive outlook) to AA+ (Stable outlook) on October 10, 2025, which represents the highest rating among non-bank domestic capital market players. The company also disclosed the grant of 1,07,527 stock options to eligible employees under its Employee Stock Option Scheme - X.