MOTILALOFS · Financial Services
Motilal Oswal Financial Services Ltd. reported total income of ₹2,112 cr for October to December 2025, +6.0% on the year and +14.2% on the quarter. Over the last four quarters income comes to ₹7,888 cr, −15.2% on the four before.
Net interest income, interest earned less interest paid, was ₹1,776 cr, +6.1% on the year and +15.9% on the quarter. For a lender this is the core earnings line: it shows whether the loan book and its pricing are growing faster than the cost of funds.
Net profit was ₹566 cr, 0.0% on the year and +55.9% on the quarter, with earnings per share of ₹9.42. The tax rate of 24% is in line with its recent average. Profit over the last four quarters totals ₹2,029 cr, −38.5% on the four before.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹1,655 cr | ₹1,791 cr | ₹2,154 cr | ₹2,314 cr | ₹2,841 cr | ₹1,993 cr | ₹1,190 cr | ₹2,737 cr | ₹1,849 cr | ₹2,112 cr | ₹2,676 cr | ₹3,426 cr |
| YoY | — | — | — | +54% | +72% | +11% | −45% | +18% | −35% | +6% | +125% | +25% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 19% | 18% | 22% | 17% | 23% | 24% | — | 18% | 28% | 24% | — | 17% |
| Net profit | ₹532 cr | ₹661 cr | ₹725 cr | ₹884 cr | ₹1,122 cr | ₹566 cr | −₹63.0 cr | ₹1,163 cr | ₹363 cr | ₹566 cr | −₹219 cr | ₹1,274 cr |
| YoY | — | — | — | +67% | +111% | −14% | −109% | +32% | −68% | 0% | — | +10% |
| EPS | ₹8.96 | ₹11.11 | ₹12.13 | ₹14.77 | ₹18.71 | ₹9.42 | −₹1.08 | ₹19.38 | ₹6.04 | ₹9.42 | −₹3.68 | ₹21.14 |
| Flags | · | · | · | · | · | · | 1 | · | · | · | · | · |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Motilal Oswal Financial Services Ltd. reported total income of ₹2,112 cr (+6.0% on the year) and net profit of ₹566 cr (0.0% on the year) for October to December 2025.
None of the 3 checks that could run raised a question.
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