Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Motilal Oswal Financial Services Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,027 | 1,502 | 1,655 | 1,791 | 2,154 | 2,314 | 2,841 | 1,993 | 1,190 | 2,737 | 1,849 | 2,112 | 2,676 |
| Expenses + | 584 | 664 | 740 | 703 | 916 | 926 | 1,025 | 932 | 910 | 1,018 | 1,009 | 1,006 | 2,471 |
| Operating Profit | 444 | 837 | 915 | 1,089 | 1,238 | 1,388 | 1,816 | 1,061 | 280 | 1,720 | 840 | 1,105 | 205 |
| OPM % | 43% | 56% | 55% | 61% | 57% | 60% | 64% | 53% | 24% | 63% | 45% | 52% | 8% |
| Other Income + | 6 | 32 | 1 | 6 | 18 | 19 | 15 | 26 | 18 | 7 | 11 | 8 | 16 |
| Interest | 190 | 216 | 241 | 262 | 302 | 327 | 354 | 319 | 298 | 295 | 317 | 336 | 388 |
| Depreciation | 13 | 17 | 17 | 24 | 24 | 22 | 23 | 27 | 26 | 26 | 28 | 29 | 28 |
| Profit before tax | 247 | 636 | 658 | 809 | 930 | 1,059 | 1,454 | 741 | -27 | 1,406 | 506 | 748 | -194 |
| Tax % | 33% | 17% | 19% | 18% | 22% | 17% | 23% | 24% | 137% | 18% | 28% | 24% | 13% |
| Net Profit + | 165 | 528 | 532 | 661 | 725 | 884 | 1,122 | 566 | -63 | 1,163 | 363 | 566 | -219 |
| EPS in Rs | 2.78 | 8.90 | 8.96 | 11.11 | 12.13 | 14.77 | 18.71 | 9.42 | -1.08 | 19.38 | 6.04 | 9.42 | -3.68 |
Financials of Motilal Oswal Financial Services Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 772 | 1,080 | 1,923 | 2,751 | 2,450 | 2,358 | 3,626 | 4,298 | 4,178 | 7,106 | 8,340 | 9,374 |
| Expenses + | 516 | 647 | 915 | 1,357 | 1,543 | 1,546 | 1,610 | 2,178 | 2,301 | 3,024 | 3,794 | 5,504 |
| Operating Profit | 256 | 432 | 1,008 | 1,394 | 907 | 812 | 2,016 | 2,120 | 1,877 | 4,082 | 4,546 | 3,870 |
| OPM % | 33% | 40% | 52% | 51% | 37% | 34% | 56% | 49% | 45% | 57% | 55% | 41% |
| Other Income + | 1 | 1 | -27 | 1 | 12 | 8 | -80 | 18 | 19 | 71 | 78 | 42 |
| Interest | 31 | 174 | 442 | 528 | 517 | 494 | 430 | 475 | 596 | 1,039 | 1,298 | 1,336 |
| Depreciation | 31 | 35 | 33 | 37 | 24 | 40 | 48 | 48 | 58 | 83 | 99 | 111 |
| Profit before tax | 196 | 225 | 506 | 829 | 378 | 285 | 1,458 | 1,616 | 1,242 | 3,032 | 3,226 | 2,465 |
| Tax % | 27% | 27% | 28% | 25% | 25% | 24% | 18% | 19% | 25% | 19% | 22% | 24% |
| Net Profit + | 145 | 172 | 371 | 632 | 298 | 190 | 1,265 | 1,312 | 935 | 2,446 | 2,508 | 1,872 |
| EPS in Rs | 2.56 | 2.97 | 6.23 | 10.72 | 5.04 | 3.10 | 21.49 | 21.97 | 15.74 | 40.96 | 41.74 | 31.06 |
| Dividend Payout % | 29% | 29% | 22% | 20% | 42% | 32% | 12% | 11% | 16% | 9% | 12% | 19% |
Financials of Motilal Oswal Financial Services Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 60 | 60 |
| Reserves | 1,281 | 1,422 | 1,772 | 2,871 | 3,039 | 3,071 | 4,447 | 5,659 | 6,237 | 8,717 | 11,019 | 12,828 |
| Borrowings + | 795 | 2,589 | 5,067 | 5,323 | 5,158 | 4,627 | 5,693 | 6,152 | 10,278 | 13,787 | 14,774 | 21,255 |
| Other Liabilities + | 855 | 1,064 | 1,586 | 2,202 | 2,149 | 2,370 | 3,887 | 5,033 | 6,419 | 9,252 | 8,064 | 9,324 |
| Total Liabilities | 2,945 | 5,090 | 8,439 | 10,411 | 10,360 | 10,084 | 14,041 | 16,860 | 22,949 | 31,771 | 33,916 | 43,468 |
| Fixed Assets + | 300 | 292 | 294 | 300 | 302 | 333 | 350 | 357 | 466 | 603 | 768 | 769 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 101 | 115 |
| Investments | 814 | 1,231 | 1,767 | 2,807 | 2,686 | 3,088 | 3,922 | 4,685 | 4,787 | 6,501 | 8,851 | 10,299 |
| Other Assets + | 1,831 | 3,566 | 6,378 | 7,304 | 7,372 | 6,662 | 9,769 | 11,818 | 17,696 | 24,667 | 24,197 | 32,285 |
| Total Assets | 2,945 | 5,090 | 8,439 | 10,411 | 10,360 | 10,084 | 14,041 | 16,860 | 22,949 | 31,771 | 33,916 | 43,468 |
Financials of Motilal Oswal Financial Services Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -98 | -1,242 | -1,980 | 248 | 195 | 952 | -139 | 1,011 | -3,058 | -350 | 1,215 | -6,071 |
| Cash from Investing Activity + | -606 | -380 | -314 | -157 | 14 | -353 | -273 | -447 | -274 | -247 | -1,077 | -958 |
| Cash from Financing Activity + | 747 | 1,718 | 2,420 | -98 | -141 | -129 | 861 | 282 | 3,770 | 3,306 | 745 | 6,154 |
| Net Cash Flow | 44 | 96 | 125 | -7 | 68 | 470 | 449 | 845 | 439 | 2,709 | 882 | -875 |
| Free Cash Flow | -124 | -1,277 | -2,032 | 207 | 168 | 882 | -199 | 956 | -3,212 | -495 | 930 | -6,160 |
| CFO/OP | -25% | -274% | -183% | 31% | 41% | 137% | 0% | 58% | -148% | 2% | 39% | -140% |
Financials of Motilal Oswal Financial Services Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 279 | 240 | 239 | 138 | 226 | 115 | 92 | 85 | 90 | 99 | 105 | 158 |
| Inventory Days | 0 | |||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 279 | 240 | 239 | 138 | 226 | 115 | 92 | 85 | 90 | 99 | 105 | 158 |
| Working Capital Days | -76 | -278 | -209 | -241 | -103 | -189 | -206 | -279 | -402 | -327 | -189 | -153 |
| ROCE % | 14% | 13% | 18% | 18% | 11% | 10% | 22% | 19% | 13% | 21% | 19% | 13% |