Motilal Oswal Financial Services: Q4 FY26 results on Apr 29

Key development in late April 2026

Motilal Oswal Financial Services Ltd (MOFSL) has lined up two market-facing events at the end of April 2026 - a board meeting to consider audited results, followed by an earnings conference call with investors and analysts. The disclosures were made through exchange filings under regulatory reporting requirements. Separately, the company also informed exchanges about the receipt of a request for reclassification of certain members from the “Promoter Group” category to the “Public” category.

The updates come at a time when investors are closely tracking capital markets-linked businesses where earnings can reflect both operating performance and market conditions. MOFSL operates across wealth management, retail and institutional broking, asset management, investment banking, commodity broking, private equity, and housing finance, as per the company overview shared in the provided information.

What MOFSL disclosed to exchanges

In its exchange communication, MOFSL said its board meeting was scheduled on April 29, 2026. The stated agenda includes considering and approving the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026.

The company also informed exchanges that it would hold an earnings conference call with investors and analysts on Thursday, April 30, 2026 at 12:00 noon. The call is intended to discuss financial performance for Q4 and FY 2025-26.

In another filing, the company disclosed an “Intimation of Receipt of Request for Reclassification of certain members from ‘Promoter Group’ Category to ‘Public’ Category.” The provided text does not specify the names of the members seeking reclassification or the shareholding involved.

Board meeting on April 29 for audited Q4 and FY26 results

The April 29 board meeting is focused on audited results for the quarter and full year ended March 31, 2026. Audited results typically provide final numbers for the year, along with notes and disclosures that investors track for segment performance, balance sheet movements, and any material items.

While the exchange intimation confirms the meeting date and purpose, it does not include financial figures for Q4 FY26 or FY26 in the provided material. Investors generally watch such board meeting outcomes for the formal release of results, accompanying presentations, and any declared corporate actions.

Earnings conference call on April 30 at 12:00 noon

MOFSL said it would host an earnings conference call on April 30, 2026 at 12:00 noon for investors and analysts. The purpose, as stated, is to discuss financial performance for Q4 and FY 2025-26.

Conference calls are typically used to walk through headline performance and answer questions on operating trends across business lines such as broking, wealth management, asset management, and alternates. The filing, as shared, only provides the schedule and does not include an agenda beyond the results discussion.

Promoter group to public reclassification request

MOFSL also disclosed receipt of a request to reclassify certain members from the “Promoter Group” category to the “Public” category. This is a common corporate governance process governed by securities regulations and exchange requirements.

The excerpt provided does not include the detailed rationale, the identities of the members, or whether the company has approved the request. It also does not mention timelines, conditions, or the next procedural steps. Investors typically watch for subsequent filings that outline approvals and compliance with applicable regulations.

Recent performance snapshot: Q3 FY26 and Q3 FY25 figures cited

The provided information includes performance figures for Q3 FY26 and Q3 FY25.

For Q3 FY26, MOFSL reported profit after tax (PAT), including treasury income and other comprehensive income (OCI), of ₹721 crore, up 58% year-on-year. Total revenue for Q3 FY26 was ₹1,497 crore versus ₹1,345 crore in Q3 FY25, reflecting an 11% increase. The company also said it recorded its highest-ever operating profit after tax of ₹611 crore for the quarter ended December 31, 2025, up 16% year-on-year.

For Q3 FY25, MOFSL disclosed consolidated operating revenue of ₹1,345 crore for the quarter, and ₹3,850 crore for 9MFY25. Consolidated operating PAT was ₹525 crore for Q3 FY25 and ₹1,497 crore for 9MFY25. Total PAT was ₹456 crore for Q3 FY25 and ₹2,718 crore for 9MFY25.

AUM and wealth metrics mentioned in disclosures

The information provided cites several asset and wealth management metrics that investors track as indicators of fee-based growth.

MOFSL’s asset management business reported total assets under management (AUM) of ₹189,000 crore (₹1.89 lakh crore), up 33% year-on-year. Within this, Mutual Fund AUM was reported up 40% and Private Alternates AUM up 62% (percentages as cited). The private wealth management business was stated to serve 8,200+ families with ₹195,000 crore AUM (₹1.95 lakh crore).

Separately, the company overview noted assets under advice of about ₹600,000 crore (₹6 lakh crore), a distribution presence in 550+ cities, and 11.5 million+ clients.

Capital actions and balance sheet items highlighted

Several corporate actions and balance sheet-related items appear in the provided material.

MOFSL’s board approved an interim dividend of ₹6 per equity share (face value Re 1 each) for FY26, to be paid out of profits, with a record date of January 31, 2026. The company also approved issuance of non-convertible debentures (NCDs) worth ₹500 crore via private placement, with a face value of ₹1 lakh each, totalling 50,000 debentures.

The company said its treasury book expanded 16% year-on-year to ₹9,562 crore, and since inception delivered an XIRR of 18.5%, along with a 42% CAGR (as stated). It also cited net worth of ₹11,569 crore as of December 31, 2024.

Private credit and alternates: fund milestones cited

The material includes updates related to MOFSL’s alternates platform.

Motilal Oswal Alternates completed the first close of its maiden private credit fund at ₹1,700 crore, including a ₹200 crore sponsor commitment. The India Credit Excellence Fund targets a total corpus of ₹3,000 crore and focuses on secured lending to mid-market businesses.

Separately, another update stated the firm planned to raise $150 million, cited as ₹2,075 crore, for its first private credit fund over the next 4 to 6 months, and appointed Rakshat (also spelled Rakhat in the provided text) Kapoor to lead the private credit venture.

Stock and market context in the provided snapshot

The snapshot includes trading and valuation indicators for MOFSL.

The stock was shown at ₹757.20, down ₹21.35 or 2.74%, along with a market capitalisation of ₹45,572.84 crore and a P/E ratio of 23.11. The same material also showed a separate price point of ₹782.70, down 1.40%, “as on 28 Apr, 2026 | 03:57”. The provided information also includes performance figures: 1D -2.74%, 1M +5.77%, and 6M -21.72%.

Key facts table

Why these disclosures matter

For a listed financial services firm, the audited Q4 and full-year results are a key periodic event because they consolidate performance across multiple business lines, and they can also clarify the impact of market-linked income streams. The scheduled earnings call provides a structured forum for investors and analysts to question management about drivers of revenue and profit movement, including the mix of fee-based versus market-linked earnings.

The receipt of a promoter group reclassification request is also material from a governance and shareholding disclosure perspective, even though the specific members and shareholding details are not included in the provided text. Investors typically track such filings for subsequent approvals and compliance steps communicated through exchange submissions.

What to watch next

The next expected disclosures, based on the provided information, are the audited Q4 and FY26 results following the April 29, 2026 board meeting and details discussed in the April 30, 2026 earnings conference call. Investors may also look for further filings that provide specifics on the promoter group to public reclassification request and any approvals.

Separately, updates around fundraising and deployment for the private credit platform, including progress toward the ₹3,000 crore target corpus for the private credit fund, will remain an important monitorable item given the milestones already disclosed.