Q2 2025 Motilal Oswal Financial Services Ltd Earnings Call Transcript
Key Points
- Motilal Oswal Financial Services Ltd (BOM:532892) reported a consolidated profit after tax of INR 1,242 crores, marking a 123% year-on-year increase.
- The company achieved a return on equity (ROE) of 48% for the second quarter.
- Assets under advice grew significantly, crossing the 5.7 lakh crore mark, up by 82% year-on-year.
- The company's ratings outlook was upgraded from AA stable to AA positive by both Brazil and India ratings.
- The asset management business saw its AUM cross 1,10,769 crores, up by 101% year-on-year, with strong performances across mutual funds, PMS, and AI businesses.
- The housing finance business showed a modest AUM growth of 13% year-on-year, indicating slower growth compared to other segments.
- The cost to income ratio in the housing finance segment increased due to a rise in the sales relationship manager base.
- The company anticipates potential moderation in F&O volumes due to upcoming regulatory changes, which could impact revenue.
- Despite strong growth in other areas, the housing finance segment's yield on advances slightly reduced over the quarter.
- The treasury profits are largely unrealized and subject to market fluctuations, making them less predictable and not distributable as dividends.
Good afternoon. Ladies and gentlemen, I am Sagil the moderator for this conference. Welcome to the second quarter, FY25 earnings conference call for Motilal Oswal Financial Services Limited. We have with us today, Mr Raamdeo Agrawal, Chairman, Mr Motilal Oswal, managing director and CEO, Mr Navin Agarwal Group managing director, Mr Ajay Menon, CEO Wealth Management, Mr Prateek Agrawal CEO AMC, Mr Ashish Shankar CEO Private Wealth Management, Mr Sukesh Bhowal CEO Housing Finance, Mr Shahil Badra Shah, Chief Financial Officer and Mr Manish Kyle, head investor relation, a short disclaimer before we start this call, this call will contain some forward-looking statements that are completely based upon the beliefs, opinions and expectations of the company as of today. These statements are not a guarantee of future performance and will involve unfrozen risk and uncertainties. As a reminder, all participant line will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? (Operator Instructions)
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