Q4 2025 Motilal Oswal Financial Services Ltd Earnings Call Transcript
Key Points
- Motilal Oswal Financial Services Ltd (BOM:532892) reported a 31% increase in operating revenue, crossing the INR5,000 crore mark for the first time.
- The company's assets under advice grew by 33% year-on-year, surpassing INR5.5 lakh crore.
- The Wealth Management business saw net flows grow 3x to over INR10,000 crores, with its contribution to total revenues increasing from 11% to 19%.
- The Asset Management business experienced a 290% year-on-year growth in gross flows, reaching over INR68,000 crores.
- The Housing Finance business achieved a 78% increase in disbursements, resulting in a 20% growth in AUM to INR4,900 crores.
- The company's Q4 cash volume declined due to market corrections, impacting brokerage revenues.
- There was a noted decline in cash market share over the last two quarters, attributed to volatile markets affecting advisory-driven segments.
- The Private Wealth Management business saw a 30% decline in distribution revenue and a 23% drop in PAT in Q4 FY25 compared to the previous quarter.
- Employee costs showed a decline in Q4, attributed to marginal reversals in variable pay due to performance adjustments.
- The company faces challenges in maintaining market share in the cash segment amidst volatile market conditions.
Ladies and gentlemen, good day, and welcome to the Motilal Oswal Financial Services Q4 FY25 earnings conference call. (Operator Instructions) Please note, that this conference is being recorded.
I now hand the conference over to Mr. Manish Kayal from Motilal Oswal Financial Services. Thank you, and over to you, sir.
Thank you, Sejal. Good afternoon, everyone, and a warm welcome to all the participants to Motilal Oswal Financial Services Limited earnings call to discuss the results for Q4 and full year FY25. I'm Manish Kayal, I head Investor Relations. We hope that you had an opportunity to go through our investor deck and the press release uploaded on the stock exchanges and on our website on Friday. We have also uploaded the detailed excel data book on our website that has all the operational and financial numbers.
Before we proceed with this call, please note that today's discussion may include forward-looking statement. These forward-looking statements are based
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