Shares of Motilal Oswal Financial Services (MOFSL) fell by 11% on Friday, marking a fourth consecutive session of losses. The financial services firm reported robust earnings for the June quarter (Q1FY27), driven by strong growth in its asset management and wealth businesses. The stock opened slightly higher at Rs 944.50 but quickly declined to an intra-day low of Rs 839.90 on the National Stock Exchange (NSE).
During midday trading, the stock was down nearly 8.62% at Rs 859.2, significantly underperforming the broader market. Over 10 million shares were traded during the session, according to NSE data. In a regulatory filing, the company disclosed a consolidated net profit of Rs 1,273.7 crore for the quarter ending June 2026, compared to a loss of Rs 219 crore in the previous quarter. Year-on-year, net profit increased by 10%.
Revenue from operations rose by 25% year-on-year to Rs 3,425.7 crore from Rs 2,679.2 crore in the same quarter last year. Sequentially, total income surged by 27% to Rs 3,432 crore from Rs 2,695 crore. The company reported its highest-ever quarterly total profit after tax (PAT), including other comprehensive income (OCI), of Rs 1,513 crore in Q1 FY27, driven by strong performance in its asset management business.
Profit after tax from the asset management business, which includes the AMC and MO Alternates businesses, jumped by 73% year-on-year to Rs 245 crore, contributing 40% to the overall PAT. Total assets under management (AUM) grew by 31% from the previous year to Rs 2.12 lakh crore. The Private Wealth Management business saw a 42% revenue increase year-on-year to Rs 157 crore, while the Wealth Management segment recorded a 26% rise in revenue.
Brokerage revenue increased by 6% year-on-year, and the company’s overall Average Daily Turnover (ADTO) market share, including commodities, was at 7.6% during the quarter.
