📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
2 analysed today
FollowTelegram
2
Today
152,617
All-time analysed
43,804
Positive
6,783
Negative
93,145
Neutral
8,817
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
224 announcements match the current filters (relevance ≥ 5).
VST Tillers FY26 Revenue Grows 25% to ₹1,240 Cr; Power Tiller Sales Cross 50,000 Units
VST Tillers reported a strong FY26 performance with revenue growing 25% to ₹1,240 crores, driven by record power tiller sales exceeding 50,000 units. Operational EBITDA margins improved significantly by 220 basis points to 13.4%, while operational PAT (excluding fair value adjustments) rose to ₹113 crores. The company is aggressively targeting a ₹3,000 crore revenue goal by FY30 through product diversification and increased retail financing. Management remains cautious but optimistic for FY27, citing a 92% LPA monsoon forecast and inflationary pressures.
Key Highlights
FY26 Revenue reached ₹1,240 crores, a 25% YoY growth, with record power tiller sales of 50,332 units.
Operational EBITDA margin expanded to 13.4% in FY26 from 11.2% in the previous year.
Domestic tractor sales grew 18.6% to 4,596 units, outperforming the compact tractor industry segment.
Cash generation improved significantly to ₹132 crores compared to ₹76 crores in FY25.
Retail finance penetration reached 10% in FY26, with a target to double it to 20% in FY27.
👀 What to Watch
Investors should monitor the progress of the Zetor tractor launch and the rollout of electric tillers in Q2 FY27 as key growth drivers. The company's focus on reducing subsidy dependence through retail finance makes it a more resilient play on farm mechanization.
VST Tillers Reports 25% Revenue Growth and 61% Jump in Adjusted FY26 PAT
VST Tillers Tractors delivered a strong performance for FY26, with revenue reaching a milestone of ₹1,240 crore, a 25% increase year-on-year. While reported PAT for Q4 saw a dip due to non-cash fair value adjustments on investments, the core operational performance remained robust with adjusted PAT growing 61% for the full year to ₹113 crore. Operational EBITDA margins improved significantly to 13.38%, driven by efficient working capital management and strong cash flow generation of ₹132 crore.
Key Highlights
FY26 Revenue grew 25% YoY to ₹1,240 crore from ₹995 crore in the previous year
Adjusted FY26 PAT (excluding fair value impacts) surged 61% to ₹113 crore
Operational EBITDA margins expanded by 221 basis points to 13.38% for the full year
Operating cash flows improved significantly to ₹132 crore from ₹76 crore in FY25
Q4 adjusted PAT rose 36% YoY to ₹39 crore, despite a drop in reported PAT due to investment valuation
👀 What to Watch
Investors should focus on the strong operational EBITDA and adjusted PAT growth, which reflect core business strength despite volatile reported PAT figures. The significant improvement in cash flows and margin expansion indicates high operational efficiency.
V.S.T Tillers Reports Record FY26 Revenue of ₹1,240 Cr, PAT Up 61% (Excluding Fair Value)
V.S.T Tillers Tractors achieved its highest-ever annual turnover of ₹1,240 crore in FY26, marking a 25% YoY growth. The company saw significant volume growth in power tillers (35%) and power weeders (52%), while domestic tractor volumes rose by 18.6%. Operational EBITDA surged by 49% to ₹165.9 crore, reflecting improved operational efficiency and margin expansion from 11.2% to 13.4%. Net profit (excluding fair value adjustments) grew by 61% to ₹113 crore, supported by strong cash generation from operations which reached ₹132 crore.
Key Highlights
Highest ever annual turnover of ₹1,240 Cr, representing a 25% growth over FY25.
Power Tiller sales reached a record 50,332 units, a 35% increase YoY.
Operational EBITDA grew 49% to ₹165.9 Cr, with margins improving to 13.4%.
Cash generated from operations nearly doubled to ₹132 Cr from ₹76 Cr in the previous year.
Domestic tractor volumes grew 18.6% to 4,596 units, despite a 6.7% decline in exports.
👀 What to Watch
Investors should take note of the significant margin expansion and record-breaking sales volumes in the tiller and weeder segments. The company's strong cash flow and operational efficiency suggest a robust growth trajectory in the farm mechanization sector.
VST Tillers FY26 Revenue Up 25% to ₹1,241 Cr, Recommends ₹25 Dividend
V.S.T. Tillers Tractors reported a strong full-year performance for FY26 with revenue growing 25% to ₹1,240.76 crore and net profit rising to ₹106 crore. However, the fourth quarter (Q4FY26) showed significant weakness, with net profit plunging to ₹5.39 crore from ₹24.26 crore in the same period last year. The company has recommended a final dividend of ₹25 per share, representing a 250% payout on face value. Additionally, the board approved the re-appointment of Dr. Nandakumar Jairam as an Independent Director for a second five-year term.
Key Highlights
Annual Revenue from operations increased 24.7% YoY to ₹1,240.76 crore in FY26.
Full-year Net Profit grew to ₹106 crore compared to ₹96.19 crore in FY25.
Recommended a final dividend of ₹25 per equity share of face value ₹10.
Q4 FY26 Net Profit declined sharply to ₹5.39 crore from ₹24.26 crore in Q4 FY25.
Dr. Nandakumar Jairam re-appointed as Independent Director for a 5-year term starting June 21, 2026.
👀 What to Watch
Investors should monitor the company's margin pressure as evidenced by the sharp Q4 profit dip despite strong annual revenue growth. The ₹25 dividend offers a steady return, but the recent quarterly slowdown suggests a cautious approach to near-term earnings momentum.
VST Tillers Tractors FY26 Net Profit Rises to ₹106 Cr; Recommends ₹25 Dividend
VST Tillers Tractors reported a steady annual performance for FY26 with a net profit of ₹106 crore, up 11.9% from ₹94.7 crore in FY25. However, the Q4 FY26 performance was weak, with net profit dropping sharply to ₹5.39 crore from ₹24.26 crore in the same quarter last year. The company has recommended a final dividend of ₹25 per share, maintaining its commitment to shareholder returns. While annual revenue grew by 23% to ₹1,224 crore, the quarterly margin contraction warrants closer inspection by investors.
Key Highlights
Recommended a final dividend of ₹25 per equity share (250% of face value) for FY 2025-26.
Annual Revenue from operations grew 23% YoY to ₹1,224.07 crore in FY26.
Full-year Net Profit increased to ₹106 crore compared to ₹94.69 crore in the previous fiscal.
Q4 FY26 Net Profit fell significantly to ₹5.39 crore from ₹24.26 crore in Q4 FY25.
Re-appointed Dr. Nandakumar Jairam as an Independent Director for a second term of 5 years.
👀 What to Watch
Investors should balance the positive annual growth and healthy dividend against the sharp profit decline in the final quarter. It is advisable to monitor management's commentary regarding rising input costs or demand shifts in the tiller and tractor segments.
VST Tillers FY26 Revenue Up 25% to ₹1,241 Cr; Proposes ₹25 Dividend per Share
V.S.T. Tillers Tractors reported a strong full-year performance for FY26, with annual revenue growing 24.7% to ₹1,240.76 crore. Net profit for the full year increased by 12.3% to ₹106 crore, supported by overall volume growth. However, the Q4 FY26 performance was notably weak, with net profit plunging to ₹5.89 crore from ₹24.26 crore in the year-ago period. The board has recommended a final dividend of ₹25 per share, maintaining a healthy payout for shareholders.
Key Highlights
Annual Revenue from operations grew 24.7% YoY to ₹1,24,076 Lakhs in FY26.
Full-year Net Profit increased to ₹10,600 Lakhs compared to ₹9,439 Lakhs in FY25.
Recommended a final dividend of ₹25 per equity share of ₹10 face value.
Q4 FY26 Net Profit declined sharply to ₹589 Lakhs from ₹2,426 Lakhs in Q4 FY25.
Re-appointed Dr. Nandakumar Jairam as an Independent Director for a second 5-year term.
👀 What to Watch
Investors should monitor the stock closely as the strong annual performance is overshadowed by a significant profit contraction in the final quarter. While the ₹25 dividend offers a decent yield, the cause of the Q4 margin compression requires further scrutiny from management commentary.
Asian Granito Reports Variations in Utilization of ₹440.96 Cr Rights Issue Funds
Asian Granito India Limited has disclosed significant variations in the utilization of ₹440.96 crores raised via its 2022 Rights Issue for the quarter ended March 2026. The company has reallocated funds originally meant for AGL Surfaces and a Morbi display center towards a new Ahmedabad display center and trading stock points. A major contract for the Ahmedabad project was terminated in Q4FY25, resulting in a refund of ₹68.715 crores, while ₹73.80 crores has been paid to a new vendor. Despite these payments, management confirmed that project implementation has yet to commence.
Key Highlights
Total funds raised through the May 2022 Rights Issue amounted to ₹440.96 crores.
Reallocated ₹32.17 crores from AGL Surfaces and ₹37.23 crores from the Morbi Display Centre to other projects.
Allocated ₹73.80 crores for a Display Centre in Ahmedabad, which has not yet started construction.
Terminated an EPC contract for the Ahmedabad project, recovering ₹68.715 crores with ₹0.285 crores still pending.
Working capital allocation for Greenfield Projects was reduced from ₹39.40 crores to ₹30.00 crores.
👀 What to Watch
Investors should closely monitor the commencement of the Ahmedabad Display Centre project as significant capital is deployed without physical progress. The shift in fund allocation from manufacturing subsidiaries to display centers and trading points indicates a strategic pivot that warrants further scrutiny.
Motilal Oswal FY26 Operating PAT Up 16% to ₹2,360 Cr; AMC AUM Hits ₹1.8 Lakh Cr
Motilal Oswal Financial Services (MOFSL) reported a strong FY26 with operating profit after tax (PAT) growing 16% YoY to ₹2,360 crores, driven by a 33% surge in Asset and Private Wealth profits. The company's Asset Management business saw significant momentum with AUM reaching ₹1.8 lakh crores and SIP flows rising 78% to ₹16,000 crores. Despite regulatory headwinds and mark-to-market volatility in its ₹9,000 crore investment book, the group maintained a high ROE of 23%. The strategic shift towards annuity-based revenue, which now comprises 60% of the total, significantly enhances earnings predictability.
Key Highlights
Operating PAT for FY26 grew 16% YoY to ₹2,360 crores, with a strong Q4 exit run rate of ₹661 crores.
Asset Management AUM reached ₹1.8 lakh crores by April 2026, supported by a ₹1,500 crore monthly SIP run-rate.
Alternates business fee-accruing AUM grew 40% to ₹21,000 crores following a successful $1 billion fundraise for IBEF V.
Housing Finance segment showed recovery with AUM growing 25% YoY to ₹6,100 crores and disbursements up 28%.
Long-term credit rating upgraded to AA+ stable, the highest for any non-bank domestic capital market player.
👀 What to Watch
Investors should note the increasing contribution of high-margin annuity businesses (AMC and Wealth) which now drive 50% of operating profits. The company remains a robust play on the financialization of Indian savings with a strong track record of zero equity dilution and consistent internal accruals.
GHCL Textiles Reports Strong FY26 with 34% EBITDA Growth and Low 0.1x Net Debt-to-Equity
GHCL Textiles delivered a robust performance in FY26, with annual revenue rising 14% to INR 1,335 crores and EBITDA growing 34% to INR 156 crores. The company saw significant margin improvement in Q4, with spreads increasing to INR 148/kg from INR 123/kg in the previous quarter. The balance sheet remains exceptionally strong with a net debt-to-equity ratio of 0.1x and net debt of only INR 118 crores. Management is now pivoting towards vertical integration into fabric and processing, supported by land allocation in the PM MITRA Park.
Key Highlights
Full-year FY26 EBITDA increased by 34% YoY to INR 156 crores with a PAT of INR 28 crores in Q4.
Yarn spreads improved significantly from INR 123 per kg in Q3 to INR 148 per kg in Q4 FY26.
Net debt-to-equity ratio stands at a conservative 0.1x, providing significant headroom for future expansion.
Company has deployed INR 675 crores of its INR 1,000 crore total capex plan, with INR 350 crores remaining for fabric and processing units.
Renewable energy capacity is expected to provide an incremental cost benefit of approximately INR 6.5 to 7 crores annually.
👀 What to Watch
Investors should view the company's low leverage and improving spreads as a sign of operational strength, making it well-positioned for its next phase of growth into value-added fabrics. Monitor the progress of the PM MITRA Park project as it will be the key driver for long-term vertical integration.
Motilal Oswal AMC Receives PFRDA Approval to Act as Sponsor for NPS Pension Fund
Motilal Oswal Asset Management Company (MOAMC), a material wholly-owned subsidiary of Motilal Oswal Financial Services, has received a Letter of Appointment from the PFRDA to act as a Sponsor of a Pension Fund. This approval allows the company to manage pension assets under the National Pension System (NPS) by establishing a separate pension fund entity. The move marks a strategic expansion into India's growing retirement and pension fund management space, leveraging the firm's existing investment expertise. This development is expected to diversify the company's financial services portfolio and drive long-term AUM growth.
Key Highlights
MOAMC received the Letter of Appointment from PFRDA on May 05, 2026, to act as an NPS Pension Fund Sponsor.
The company will establish and operationalise a separate Pension Fund entity to act as an investment manager.
The mandate involves managing pension assets in accordance with the PFRDA Act, 2013, and obtaining a Certificate of Registration.
This expansion targets the increasing shift in Indian financial habits toward long-term retirement investment products.
👀 What to Watch
Investors should view this as a significant long-term growth catalyst that strengthens the company's position in the wealth management ecosystem. Monitor the progress of the new entity's operationalization and its eventual contribution to the group's total Assets Under Management.
TIL Limited Reports Zero Deviation in Utilization of Rs 60 Crore Raised via Warrants
TIL Limited has submitted a revised statement confirming no deviations in the utilization of Rs 60 crore raised through the conversion of 37.5 lakh equity warrants. The company has fully utilized the allocated Rs 12 crore for working capital and Rs 12 crore for general corporate purposes. For its capital expenditure and growth plans, Rs 1.88 crore has been spent out of the allocated Rs 36 crore, with the remaining Rs 34.12 crore slated for phased deployment. This filing confirms that the capital raised is being used strictly according to the objects of the issue.
Key Highlights
Raised Rs 60 crore through the conversion of 37,50,000 equity warrants on January 28, 2026
Confirmed zero deviation or variation in the use of funds as per SEBI Regulation 32
Fully utilized Rs 12 crore for working capital and Rs 12 crore for general corporate purposes
Allocated Rs 36 crore for capital expenditure, with Rs 34.12 crore remaining for future growth phases
👀 What to Watch
Investors should track the deployment of the remaining Rs 34.12 crore in capital expenditure to gauge the company's progress on its growth and expansion strategy. The adherence to the stated fund utilization plan is a positive indicator of management's commitment to its disclosed objectives.
VST Tillers Reports 50% YoY Sales Growth in April 2026 with 3,483 Units Sold
VST Tillers Tractors Limited reported a strong start to the new fiscal year with total sales volume increasing by 50.1% year-on-year in April 2026. The growth was primarily driven by the Power Tiller segment, which saw volumes jump from 2,003 units to 3,111 units. Tractor sales also contributed positively, growing 17.3% to 372 units. This robust performance indicates healthy demand in the agricultural machinery sector at the beginning of FY27.
Key Highlights
Total sales volume increased by 50.1% YoY to 3,483 units in April 2026.
Power Tiller sales surged by 55.3% YoY, reaching 3,111 units compared to 2,003 units.
Tractor sales recorded a 17.3% YoY growth with 372 units sold.
The company demonstrated strong momentum across both core product categories at the start of the fiscal year.
👀 What to Watch
Investors should view these strong volume numbers as a positive indicator for the company's growth trajectory. Maintain a positive outlook while monitoring the upcoming monsoon forecasts which will influence demand for the rest of the year.
GHCL Textiles Recommends Deloitte as Statutory Auditor for 5-Year Term (FY 2026-31)
GHCL Textiles has recommended the appointment of Deloitte Haskins & Sells as its Statutory Auditor for a five-year period starting from FY 2026-27. The board also approved the appointment of SPMB & Co. LLP as Internal Auditors and the re-appointment of R J Goel & Co. as Cost Auditors for the 2026-27 financial year. These appointments are part of the company's compliance with the Companies Act, 2013, and SEBI regulations. The statutory auditor appointment is subject to final shareholder approval at the upcoming 6th Annual General Meeting.
Key Highlights
Deloitte Haskins & Sells recommended as Statutory Auditor for a 5-year term from FY 2026-27 to FY 2030-31.
SPMB & Co. LLP appointed as Internal Auditor for the financial year 2026-27.
R J Goel & Co. re-appointed as Cost Auditor for the financial year 2026-27.
The statutory auditor appointment is subject to shareholder approval at the 6th AGM.
👀 What to Watch
The appointment of a 'Big 4' firm like Deloitte as the statutory auditor is a positive signal for corporate governance and financial transparency. Investors should monitor the upcoming AGM for formal approval of these appointments.
GHCL Textiles FY26 Profit Before Tax Jumps 47% to ₹93 Cr; Proposes ₹0.60 Dividend
GHCL Textiles reported a strong growth in Profit Before Tax for FY26, reaching ₹92.96 crore compared to ₹63.29 crore in the previous year. The company's total assets grew to ₹1,870.43 crore, driven by significant investments in property, plant, and equipment which now stand at ₹1,189.88 crore. However, net cash flow from operations saw a sharp decline to ₹4.55 crore from ₹162.16 crore, primarily due to a substantial increase in inventories and trade receivables. The Board has recommended a dividend of ₹0.60 per share, reflecting confidence in long-term stability despite working capital pressures.
Key Highlights
Profit Before Tax (PBT) increased by 46.9% YoY to ₹92.96 crore for the full year FY26.
Proposed a dividend of ₹0.60 per equity share for the financial year ended March 31, 2026.
Total Borrowings increased to ₹134.22 crore from ₹63.33 crore YoY to fund working capital needs.
Inventory levels rose significantly to ₹421.12 crore from ₹295.19 crore, impacting operational cash flows.
Property, Plant, and Equipment (PPE) increased to ₹1,189.88 crore, indicating successful capitalization of work-in-progress.
👀 What to Watch
Investors should monitor the company's ability to liquidate high inventory levels and improve cash flow from operations in upcoming quarters. While profit growth is robust, the increase in short-term debt and working capital cycle warrants a cautious watch.
GHCL Textiles Recommends ₹0.60 Dividend and Approves ₹127.77 Cr Capex for FY27
GHCL Textiles has recommended a dividend of ₹0.60 per share (30%) for the financial year ended March 31, 2026. The company approved a significant capital budget of ₹127.77 crore for FY 2026-27, which includes a carry-forward amount of ₹57.33 crore. Additionally, the board has proposed the appointment of Deloitte Haskins & Sells as the statutory auditor for a five-year term. The annual general meeting is scheduled for June 27, 2026, where these proposals will be put to shareholder vote.
Key Highlights
Recommended dividend of ₹0.60 per equity share (30% of face value ₹2) for FY 2025-26.
Approved a Capital Budget of approximately ₹127.77 Crores for the financial year 2026-27.
Proposed appointment of Deloitte Haskins & Sells as Statutory Auditor for a 5-year term (FY27-FY31).
Dividend payment scheduled on or after June 27, 2026, subject to shareholder approval.
Statutory auditors issued an unmodified opinion on the annual audited financial results.
👀 What to Watch
Investors should take note of the dividend yield and the substantial capex plan which indicates a focus on future growth. Monitor the upcoming AGM on June 27, 2026, for final approvals on these corporate actions.
Motilal Oswal Board Approves FY26 Results and Appoints New Independent Directors
Motilal Oswal Financial Services approved its audited financial results for the quarter and year ended March 31, 2026, during its board meeting on April 29, 2026. The Board has appointed Sunil Goyal and Smita Bhagat as Independent Directors for a three-year term starting July 1, 2026, to succeed retiring directors. Additionally, the company updated its Insider Trading code to align with SEBI's new market rumour verification requirements. Two promoter group members holding zero shares have also applied for reclassification to the public category.
Key Highlights
Approved audited standalone and consolidated financial results for the full year ended March 31, 2026
Appointed Sunil Goyal and Smita Bhagat as Independent Directors for a 3-year term effective July 1, 2026
Amended the Code of Fair Disclosure of UPSI to include provisions for verification of market rumours
Processed reclassification requests for Smt. Ansi Devi Oswal and Mr. Javerilal Oswal, both holding 0.00% stake
Scheduled an earnings conference call for April 30, 2026, to discuss Q4 and FY26 performance
👀 What to Watch
Investors should focus on the detailed financial results and management commentary during the earnings call on April 30 to assess growth momentum. The director appointments and code amendments are routine governance updates and do not signal immediate operational shifts.
Motilal Oswal Q4 FY26 Results Approved; Board Appoints New Directors & Promoter Reclassification
The Board of Motilal Oswal Financial Services approved the audited financial results for the quarter and year ended March 31, 2026. Key leadership changes include the appointment of Mr. Sunil Goyal and Mrs. Smita Bhagat as Independent Directors for a 3-year term starting July 2026. The company also initiated the reclassification of two promoter group members, Smt. Ansi Devi Oswal and Mr. Javerilal Oswal, who currently hold 0% equity, to the public category. Furthermore, the insider trading code was updated to comply with SEBI's new market rumor verification norms.
Key Highlights
Audited financial results for FY 2025-26 approved; earnings call scheduled for April 30, 2026.
Two new Independent Directors appointed for 3-year terms to replace outgoing members Mr. C. N. Murthy and Mr. Chandrashekhar Karnik.
Reclassification of two promoter group members holding 0.00% shares to the Public category approved by the Board.
Amendment to UPSI disclosure code to align with SEBI regulations on market rumors and legitimate purposes.
👀 What to Watch
Investors should review the full financial results and listen to the earnings call for growth guidance. The promoter reclassification is a routine administrative matter with no impact on the actual shareholding structure.
Motilal Oswal Approves FY26 Audited Results and Appoints New Independent Directors
Motilal Oswal Financial Services has approved its audited financial results for the quarter and full year ending March 31, 2026. The board announced the appointment of Mr. Sunil Goyal and Mrs. Smita Bhagat as Independent Directors for a three-year term effective July 1, 2026. Two members of the promoter group, holding zero shares, have requested reclassification to the public category. Additionally, the company updated its insider trading code to align with the latest SEBI regulatory requirements.
Key Highlights
Audited Standalone and Consolidated financial results for Q4 and FY26 approved.
Appointment of Sunil Goyal and Smita Bhagat as Independent Directors for a 3-year term starting July 2026.
Promoter group reclassification requested for two members holding 0.00% equity shares.
Amendment to the Code of Fair Disclosure for UPSI to align with SEBI (Prohibition of Insider Trading) Regulations.
Earnings conference call scheduled for April 30, 2026, to discuss financial performance.
👀 What to Watch
Investors should review the detailed financial statements and participate in the earnings call on April 30 to understand the growth drivers. The board changes and promoter reclassifications are routine governance matters and do not suggest immediate structural changes.
Motilal Oswal Reports Record FY26 Operating PAT of ₹2,360 Cr, Up 16% YoY
Motilal Oswal Financial Services (MOFSL) delivered a robust operational performance for FY26, with Operating PAT reaching an all-time high of ₹2,360 Cr. The growth was primarily driven by the Asset Management segment, where PAT surged 55% YoY to ₹798 Cr, and the Private Wealth business, which saw AUM grow 36% to ₹1.97 lakh Cr. While operating metrics were strong, total consolidated PAT (including OCI) fell to ₹2,043 Cr from ₹2,494 Cr due to treasury investment volatility. Notably, the company has successfully shifted toward a more stable revenue model, with Annuity Recurring Revenue (ARR) now contributing 60% of total net revenue.
Key Highlights
Asset Management PAT grew 55% YoY to ₹798 Cr in FY26, with Mutual Fund SIP inflows surging 78% YoY to ₹16,479 Cr.
Private Wealth Management AUM reached ₹1.97 lakh Cr, driven by ₹20,154 Cr in net flows during the fiscal year.
Housing Finance segment showed significant recovery with Q4 PAT growing 61% YoY to ₹59 Cr and AUM reaching ₹5,829 Cr.
Consolidated Net Worth stands at ₹12,888 Cr as of March 2026, with a 10-year Operating PAT CAGR of 33%.
Capital Markets segment maintained dominance, ranking #1 in QIPs and #2 in IPOs for the fiscal year 2026.
👀 What to Watch
Investors should look past the treasury-induced volatility in total PAT and focus on the record operating profits and the growing share of annuity-based revenue. The company's strong ROE of 24% and leadership in high-growth segments like Alternates and Wealth Management make it a solid play on India's financialization theme.
Motilal Oswal FY26 Operating PAT Up 16% to ₹2,360 Cr; AUA Hits Record ₹6.6 Lakh Cr
Motilal Oswal (MOFSL) delivered a solid FY26 with Operating PAT rising 16% YoY to ₹2,360 Cr, led by a 55% PAT growth in Asset Management. The company successfully shifted its revenue mix towards more stable streams, with Annuity Recurring Revenue (ARR) now contributing 60% of total revenue. Despite a dip in total PAT to ₹2,043 Cr due to treasury mark-to-market impacts, the core business remains highly profitable with a 24% Operating ROE. Assets Under Advice (AUA) crossed the ₹6.6 lakh Cr milestone, reflecting strong market positioning across all capital market segments.
Key Highlights
FY26 Operating PAT reached ₹2,360 Cr, a 16% YoY increase, while Net Worth grew to ₹12,888 Cr.
Asset Management PAT surged 55% YoY to ₹798 Cr, with SIP inflows growing 78% to ₹16,479 Cr.
Private Wealth Management AUM rose 36% YoY to ₹1.97 lakh Cr with a 15% growth in PAT for FY26.
Share of Annuity Recurring Revenue (ARR) improved to 60% in FY26, up from 54% in the previous year.
Housing Finance AUM grew 19% YoY to ₹5,829 Cr, bolstered by a $100mn fundraise from the Asian Development Bank.
👀 What to Watch
Investors should focus on the robust 24% Operating ROE and the strategic shift toward recurring fee-based income which improves earnings quality. The stock remains a strong proxy for India's capital market growth, though treasury volatility may impact short-term bottom-line figures.
