Motilal Oswal Financial Services shares slip 11% to below 900

New Delhi, July 24 – Motilal Oswal Financial Services Ltd (MOFSL) saw its stock tumble about 11 percent on Friday, slipping below the Rs 900 mark for the first time in several sessions. The decline marked the fourth consecutive trading day in which the shares fell, despite the firm reporting a strong performance in the first quarter of FY 2026‑27.

The stock opened modestly higher at Rs 944.50 but quickly gave way to selling pressure, sliding to a low of Rs 839.90 on the National Stock Exchange. By the midday session the share price was trading around Rs 859.20, reflecting an 8.62 percent drop and lagging the broader market.

In regulatory filings, the company disclosed a consolidated net profit of Rs 1,273.7 crore for the quarter ended June 2026, a sharp turnaround from a Rs 219 crore loss in the prior quarter. Net profit on a yearly basis rose 10 percent, while operating revenue jumped 25 percent to Rs 3,425.7 crore.

MOFSL highlighted that its asset‑management arm delivered the highest ever post‑tax profit of Rs 1,513 crore for the quarter, helped by robust growth in AMC and MO Alternatives businesses. The segment’s post‑tax profit rose 73 percent year‑on‑year to Rs 245 crore, accounting for 40 percent of total earnings. Total assets under management grew 31 percent to Rs 2.12 lakh crore, and private wealth management revenue surged 42 percent to Rs 157 crore.