Mumbai, India – January 28, 2025: Motilal Oswal Financial Services Limited (NSE: MOTILALOFS, BSE: 532892) has announced its Q3 FY2024-25 financial results, posting ₹1,345 crore in Revenue, ₹525 crore in operating profit after tax (PAT), and ₹456 crore in total PAT, reflecting a 36% year-over-year (YoY) growth. The company also declared an interim dividend of ₹5 per share.
Key Financial Highlights – Q3 FY2024-25 (Consolidated)
- Revenue from Operations: ₹1,345 crore (YoY increase of 43%)
- Operating PAT: ₹525 crore (YoY increase of 38%)
- Total PAT: ₹456 crore (YoY increase of 36%)
- Earnings Per Share (EPS): ₹9.45 per share.
Nine-Month Performance (April – December 2024) (Consolidated)
- Total Revenue: ₹3,850 crore (YoY increase of 41%)
- Operating PAT: ₹1,497 crore (YoY increase of 44%)
- Total PAT: ₹2,718 crore (YoY increase of 36%)
- Net Worth: ₹11,569 crore (YoY increase of 40%).
Dividend Announcement
- Interim Dividend Declared: ₹5 per share
- Record Date: To be announced
- Dividend Payment Date: On or after February 20, 2025.
Segment-Wise Performance
- Wealth Management: ₹190 crore PAT (YoY increase of 16%)
- Asset & Private Wealth Management: ₹234 crore PAT (YoY increase of 62%)
- Capital Markets: ₹61 crore PAT (YoY increase of 50%)
- Housing Finance: ₹36 crore PAT, with 15% YoY growth in AUM to ₹4,343 crore.
Strategic Developments & Key Announcements
- Withdrawal of Business Restructuring Scheme:
- The company withdrew its earlier scheme of arrangement due to regulatory changes.
- We will reconsider a revised scheme based on government amendments.
- Debt Management & NCD Utilization:
- ₹1,000 crore raised through Non-Convertible Debentures (NCDs) fully utilized as planned.
- No deviation in fund utilization.
- Credit Rating Upgrades:
- CRISIL, India Ratings, and ICRA upgraded debt ratings to AA/Positive.
- Commercial Paper is rated A1+ by all agencies.
- Expansion in Asset & Private Wealth Management:
- Total AUM crossed ₹6 lakh crore, up 62% YoY.
- SIP AUM rose to ₹20,795 crore, with 15.98 lakh new SIPs added in Q3.
- Private Equity and Real Estate Funds AUM reached ₹13,771 crore.
Management Commentary
Motilal Oswal, MD & CEO of Motilal Oswal Financial Services, stated:"Our strong financial performance underscores our leadership in asset and wealth management. With India's financial sector expanding rapidly, MOFSL is well-positioned to capture market opportunities. Based on our robust profitability, the Board has approved a ₹5 per share interim dividend.".
Market Outlook & Investor Takeaways
- Rapid growth in asset and wealth management driving revenue expansion.
- Strategic debt management and high credit ratings enhance financial stability.
- Sustained dividend payouts reinforce shareholder confidence.