Motilal Oswal Q4 FY26 Results: Key Levels, Estimates

Results date and what the board will consider

Motilal Oswal Financial Services (NSE: MOTILALOFS) is scheduled to declare its Q4 FY26 (January to March 2026) results on May 10, 2026. The board is expected to approve the audited Q4 and full-year FY26 financial results. It will also consider a final dividend for FY26, as stated in the provided details. Another key element investors typically track is management commentary, and this event is positioned as the first formal update on the FY27 business outlook.

Why this quarter matters for the stock

The stock is at Rs 485 as of April 2026. That is down 40% from the 52-week high of Rs 820, and the 52-week low is stated at Rs 420. The market capitalisation is mentioned at Rs 14,000 crore, and the 1-year return is -40%. With the stock already well below its peak, the market focus is likely to be on the gap between expectations and actuals, along with forward guidance.

Street expectations for Q4 FY26

Analyst consensus shared in the input pegs Q4 FY26 revenue at Rs 1,050 crore. The consensus PAT estimate is Rs 285 crore. For context, the company’s Q3 FY26 actual revenue was Rs 850 crore and Q3 FY26 PAT was Rs 232 crore, as stated. The same source notes that actual results can differ based on operating conditions.

A “beat” threshold highlighted in the data

One stated benchmark in the material is that revenue above Rs 1,050 crore with EBITDA at 38% would be viewed as a beat versus the analyst consensus referenced. This threshold matters because the stock is described as entering a major results event after a large drawdown from the 52-week high. Separately, the note also frames FY27 guidance as a potential re-rating catalyst, which makes management commentary on business outlook particularly important.

What last year’s March-quarter (Q4 FY25) showed

The dataset includes detailed coverage of Q4 FY25, where MOFSL reported a net loss of Rs 63.2 crore versus a profit of Rs 724 crore in the same period a year ago. This was described as the company’s first quarterly loss since the January to March period of FY20. The loss was attributed primarily to fair value changes, with a net loss of Rs 430 crore in fair value changes in the quarter, compared with a net gain of Rs 424 crore a year ago.

Revenue from operations in Q4 FY25 fell 44% year-on-year to Rs 1,190 crore. Despite the headline loss, an operating-profit figure of Rs 519 crore for the quarter is cited, and the full-year operating profit is stated to have crossed Rs 2,000 crore, reflecting 31% growth from the previous year.

Capital actions and overseas expansion mentioned

Alongside the Q4 FY25 earnings, the board approved a Rs 3,000 crore fundraise via issuance of non-convertible debentures (NCDs). The material also states that the company incorporated a new subsidiary at the Dubai International Financial Centre (DIFC) earlier that month, as part of efforts to expand its international footprint. These items are relevant context because they indicate balance sheet and growth initiatives that investors may revisit during the next results cycle.

Business operating metrics: AUM, ARPU and market share

The wealth management business is stated to have grown 7% year-on-year in Q4 FY25, while its AUM rose 31% YoY to Rs 2.64 lakh crore. Asset management AUM is reported at Rs 1.23 lakh crore at the end of FY25. Consolidated ARPU increased 9% YoY to Rs 41,516 per active client.

On market positioning, FY25 cash volume market share is stated at 7.6%, and F&O premium market share at 8.5%. The company also said it acquired 1.6 lakh clients in Q4 FY25. Net flows for the year are stated to have increased from Rs 5,191 crore in FY24 to Rs 48,450 crore in FY25, while Q4 FY25 net flows rose from Rs 3,386 crore to Rs 11,193 crore.

Stock reaction and technical positioning cited

Following the Q4 FY25 result, the stock reaction described includes a close about 8% lower at Rs 694.90 on the day the March-quarter earnings were announced, and another mention of a close at Rs 692, down 8.5%. Another data point says the stock extended a two-day slide to 12.6%, with an intraday move to Rs 660.15 (down as much as 4.9% on the day referenced).

The technical snapshot provided notes the stock was trading below four of eight key simple moving averages, including the 5-day, 100-day, 150-day and 200-day SMAs. The 14-day RSI is stated at 57.4, described as neither oversold nor overbought.

Seasonality datapoint shared for April

A table in the input provides an April seasonality snapshot. It shows April’s maximum positive change as 42.61% (2024), average positive change 11.40%, maximum negative change -2.05% (2018), average negative change -2.05%, and an average change of 10.65%.

Key numbers to track into May 10

Investors tracking the May 10, 2026 event have a clear set of reference points from the provided data: the stock at Rs 485, the Rs 820 52-week high and Rs 420 low, and the consensus estimates of Rs 1,050 crore revenue and Rs 285 crore PAT for Q4 FY26. The board agenda includes audited results and a possible final dividend, and the broader narrative places weight on FY27 guidance.

Conclusion

Motilal Oswal Financial Services’ May 10 Q4 FY26 results will complete the FY26 picture and set the tone for FY27 through management commentary and any guidance shared. With the stock at Rs 485, well below its 52-week high, the market’s immediate focus is likely to remain on how reported numbers compare with the stated consensus, and on the board’s decision on a final dividend.

This content is based only on the data provided and does not constitute investment advice.