| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,655 | 1,791 | 2,154 | 2,314 | 2,841 | 1,993 | 1,190 | 2,737 | 1,849 | 2,112 | 2,676 | 3,426 | |
Growth YoY Revenue Growth YoY% | 25.3 | 66.5 | 109.7 | 54.1 | 71.7 | 11.3 | -44.7 | 18.3 | -34.9 | 5.9 | 124.8 | 25.2 |
| 740 | 703 | 916 | 926 | 1,025 | 932 | 911 | 1,018 | 1,009 | 1,006 | 2,471 | 1,456 | |
| 915 | 1,089 | 1,238 | 1,388 | 1,816 | 1,061 | 280 | 1,720 | 840 | 1,105 | 205 | 1,970 | |
OPM OPM% | 55.3 | 60.8 | 57.5 | 60.0 | 63.9 | 53.3 | 23.5 | 62.8 | 45.4 | 52.4 | 7.7 | 57.5 |
| 1 | 6 | 18 | 19 | 15 | 26 | 18 | 7 | 11 | 9 | 16 | 6 | |
Interest Expense Interest ExpenseCr | 241 | 262 | 302 | 327 | 354 | 319 | 298 | 295 | 317 | 336 | 388 | 414 |
Depreciation DepreciationCr | 17 | 24 | 24 | 22 | 23 | 27 | 26 | 26 | 28 | 29 | 28 | 28 |
PBT PBTCr | 658 | 809 | 930 | 1,059 | 1,454 | 741 | -27 | 1,406 | 506 | 748 | -194 | 1,534 |
| 124 | 147 | 205 | 175 | 332 | 175 | 37 | 250 | 143 | 182 | 25 | 260 | |
| 533 | 661 | 725 | 884 | 1,122 | 566 | -63 | 1,156 | 363 | 566 | -219 | 1,274 | |
Growth YoY PAT Growth YoY% | 4.8 | 193.2 | 334.0 | 67.9 | 110.3 | -14.4 | -108.7 | 30.8 | -67.7 | 0.0 | -246.8 | 10.2 |
NPM NPM% | 32.2 | 36.9 | 33.6 | 38.2 | 39.5 | 28.4 | -5.3 | 42.2 | 19.6 | 26.8 | -8.2 | 37.2 |
| 9.0 | 11.1 | 3.0 | 14.8 | 18.7 | 9.4 | -1.1 | 19.4 | 6.0 | 9.4 | -3.7 | 21.1 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,655 | 1,791 | 2,154 | 2,314 | 2,841 | 1,993 | 1,190 | 2,737 | 1,849 | 2,112 | 2,676 | 3,426 | |
Growth YoY Revenue Growth YoY% | 25.3 | 66.5 | 109.7 | 54.1 | 71.7 | 11.3 | -44.7 | 18.3 | -34.9 | 5.9 | 124.8 | 25.2 |
| 740 | 703 | 916 | 926 | 1,025 | 932 | 911 | 1,018 | 1,009 | 1,006 | 2,471 | 1,456 | |
| 915 | 1,089 | 1,238 | 1,388 | 1,816 | 1,061 | 280 | 1,720 | 840 | 1,105 | 205 | 1,970 | |
OPM OPM% | 55.3 | 60.8 | 57.5 | 60.0 | 63.9 | 53.3 | 23.5 | 62.8 | 45.4 | 52.4 | 7.7 | 57.5 |
| 1 | 6 | 18 | 19 | 15 | 26 | 18 | 7 | 11 | 9 | 16 | 6 | |
Interest Expense Interest ExpenseCr | 241 | 262 | 302 | 327 | 354 | 319 | 298 | 295 | 317 | 336 | 388 | 414 |
Depreciation DepreciationCr | 17 | 24 | 24 | 22 | 23 | 27 | 26 | 26 | 28 | 29 | 28 | 28 |
PBT PBTCr | 658 | 809 | 930 | 1,059 | 1,454 | 741 | -27 | 1,406 | 506 | 748 | -194 | 1,534 |
| 124 | 147 | 205 | 175 | 332 | 175 | 37 | 250 | 143 | 182 | 25 | 260 | |
| 533 | 661 | 725 | 884 | 1,122 | 566 | -63 | 1,156 | 363 | 566 | -219 | 1,274 | |
Growth YoY PAT Growth YoY% | 4.8 | 193.2 | 334.0 | 67.9 | 110.3 | -14.4 | -108.7 | 30.8 | -67.7 | 0.0 | -246.8 | 10.2 |
NPM NPM% | 32.2 | 36.9 | 33.6 | 38.2 | 39.5 | 28.4 | -5.3 | 42.2 | 19.6 | 26.8 | -8.2 | 37.2 |
| 9.0 | 11.1 | 3.0 | 14.8 | 18.7 | 9.4 | -1.1 | 19.4 | 6.0 | 9.4 | -3.7 | 21.1 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 1,056 | 1,841 | 2,751 | 2,449 | 2,358 | 0 | 0 | 4,177 | 7,068 | 8,339 | 9,374 | 10,063 |
Growth Revenue Growth% | 37.4 | 74.3 | 49.4 | -11.0 | -3.7 | -100.0 | 69.2 | 18.0 | 12.4 | 14.8 | ||
| 647 | 915 | 1,357 | 1,543 | 1,546 | 0 | 0 | 2,301 | 3,002 | 3,794 | 5,504 | 5,943 | |
| 409 | 926 | 1,393 | 906 | 812 | 0 | 0 | 1,876 | 4,066 | 4,545 | 3,870 | 4,120 | |
OPM OPM% | 38.7 | 50.3 | 50.7 | 37.0 | 34.4 | 44.9 | 57.5 | 54.5 | 41.3 | 40.9 | ||
| 24 | 83 | 2 | 12 | 8 | 0 | 0 | 20 | 63 | 78 | 42 | 42 | |
Interest Expense Interest ExpenseCr | 174 | 442 | 528 | 517 | 494 | 0 | 0 | 596 | 1,014 | 1,298 | 1,336 | 1,456 |
Depreciation DepreciationCr | 35 | 33 | 37 | 24 | 40 | 0 | 0 | 58 | 83 | 99 | 111 | 112 |
PBT PBTCr | 225 | 506 | 829 | 378 | 285 | 0 | 0 | 1,242 | 3,032 | 3,226 | 2,465 | 2,593 |
| 61 | 141 | 206 | 93 | 70 | 0 | 0 | 309 | 586 | 718 | 600 | 610 | |
PAT PATCr | 163 | 365 | 623 | 285 | 215 | 0 | 0 | 933 | 2,446 | 2,508 | 1,865 | 1,983 |
Growth PAT Growth% | 14.0 | 123.2 | 71.0 | -54.2 | -24.5 | -100.0 | 162.2 | 2.6 | -25.6 | -28.7 | ||
NPM NPM% | 15.5 | 19.8 | 22.7 | 11.7 | 9.1 | 22.3 | 34.6 | 30.1 | 19.9 | 19.7 | ||
| 3.0 | 6.3 | 12.7 | 5.0 | 3.1 | 21.4 | 22.3 | 15.7 | 41.2 | 41.8 | 31.1 | 32.9 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 1,056 | 1,841 | 2,751 | 2,449 | 2,358 | 0 | 0 | 4,177 | 7,068 | 8,339 | 9,374 | 10,063 |
Growth Revenue Growth% | 37.4 | 74.3 | 49.4 | -11.0 | -3.7 | -100.0 | 69.2 | 18.0 | 12.4 | 14.8 | ||
| 647 | 915 | 1,357 | 1,543 | 1,546 | 0 | 0 | 2,301 | 3,002 | 3,794 | 5,504 | 5,943 | |
| 409 | 926 | 1,393 | 906 | 812 | 0 | 0 | 1,876 | 4,066 | 4,545 | 3,870 | 4,120 | |
OPM OPM% | 38.7 | 50.3 | 50.7 | 37.0 | 34.4 | 44.9 | 57.5 | 54.5 | 41.3 | 40.9 | ||
| 24 | 83 | 2 | 12 | 8 | 0 | 0 | 20 | 63 | 78 | 42 | 42 | |
Interest Expense Interest ExpenseCr | 174 | 442 | 528 | 517 | 494 | 0 | 0 | 596 | 1,014 | 1,298 | 1,336 | 1,456 |
Depreciation DepreciationCr | 35 | 33 | 37 | 24 | 40 | 0 | 0 | 58 | 83 | 99 | 111 | 112 |
PBT PBTCr | 225 | 506 | 829 | 378 | 285 | 0 | 0 | 1,242 | 3,032 | 3,226 | 2,465 | 2,593 |
| 61 | 141 | 206 | 93 | 70 | 0 | 0 | 309 | 586 | 718 | 600 | 610 | |
PAT PATCr | 163 | 365 | 623 | 285 | 215 | 0 | 0 | 933 | 2,446 | 2,508 | 1,865 | 1,983 |
Growth PAT Growth% | 14.0 | 123.2 | 71.0 | -54.2 | -24.5 | -100.0 | 162.2 | 2.6 | -25.6 | -28.7 | ||
NPM NPM% | 15.5 | 19.8 | 22.7 | 11.7 | 9.1 | 22.3 | 34.6 | 30.1 | 19.9 | 19.7 | ||
| 3.0 | 6.3 | 12.7 | 5.0 | 3.1 | 21.4 | 22.3 | 15.7 | 41.2 | 41.8 | 31.1 | 32.9 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 14 | 14 | 15 | 15 | 15 | 0 | 0 | 15 | 15 | 60 | 60 |
Reserves ReservesCr | 1,422 | 1,772 | 2,871 | 3,039 | 3,071 | 0 | 0 | 6,237 | 8,717 | 11,018 | 12,828 |
| 1,911 | 2,850 | 2,955 | 2,477 | 3,498 | 0 | 0 | 12,455 | 17,501 | 16,577 | 22,109 | |
| 1,726 | 3,777 | 4,611 | 4,911 | 3,490 | 0 | 0 | 4,272 | 5,560 | 6,279 | 8,407 | |
| 5,090 | 8,441 | 10,487 | 10,482 | 10,111 | 0 | 0 | 23,010 | 31,829 | 33,987 | 43,468 | |
| 1,551 | 2,658 | 1,763 | 2,472 | 2,490 | 0 | 0 | 10,479 | 14,621 | 13,747 | 18,473 | |
| 3,539 | 5,784 | 8,724 | 8,009 | 7,620 | 0 | 0 | 12,531 | 17,209 | 20,240 | 24,994 | |
| 5,090 | 8,441 | 10,487 | 10,482 | 10,111 | 0 | 0 | 23,010 | 31,829 | 33,987 | 43,468 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 14 | 14 | 15 | 15 | 15 | 0 | 0 | 15 | 15 | 60 | 60 |
Reserves ReservesCr | 1,422 | 1,772 | 2,871 | 3,039 | 3,071 | 0 | 0 | 6,237 | 8,717 | 11,018 | 12,828 |
| 1,911 | 2,850 | 2,955 | 2,477 | 3,498 | 0 | 0 | 12,455 | 17,501 | 16,577 | 22,109 | |
| 1,726 | 3,777 | 4,611 | 4,911 | 3,490 | 0 | 0 | 4,272 | 5,560 | 6,279 | 8,407 | |
| 5,090 | 8,441 | 10,487 | 10,482 | 10,111 | 0 | 0 | 23,010 | 31,829 | 33,987 | 43,468 | |
| 1,551 | 2,658 | 1,763 | 2,472 | 2,490 | 0 | 0 | 10,479 | 14,621 | 13,747 | 18,473 | |
| 3,539 | 5,784 | 8,724 | 8,009 | 7,620 | 0 | 0 | 12,531 | 17,209 | 20,240 | 24,994 | |
| 5,090 | 8,441 | 10,487 | 10,482 | 10,111 | 0 | 0 | 23,010 | 31,829 | 33,987 | 43,468 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,242 | -1,980 | 248 | 195 | 952 | -139 | 1,011 | -3,058 | -350 | 1,215 | -6,071 | |
| -380 | -314 | -157 | 14 | -353 | -273 | -447 | -274 | -247 | -1,077 | -958 | |
| 1,718 | 2,420 | -98 | -141 | -129 | 861 | 282 | 3,770 | 3,306 | 745 | 6,154 | |
Net Cash Flow Net Cash FlowCr | 96 | 125 | -7 | 68 | 470 | 449 | 845 | 439 | 2,709 | 882 | -875 |
Free Cash Flow Free Cash FlowCr | -1,277 | -2,032 | 207 | 168 | 882 | -199 | 956 | -3,212 | -500 | 1,064 | -6,142 |
CFO To PAT CFO To PAT% | -760.3 | -543.3 | 39.7 | 68.3 | 441.8 | -327.8 | -14.3 | 48.4 | -325.4 | ||
CFO To EBITDA CFO To EBITDA% | -303.7 | -213.9 | 17.8 | 21.5 | 117.3 | -163.0 | -8.6 | 26.7 | -156.9 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,242 | -1,980 | 248 | 195 | 952 | -139 | 1,011 | -3,058 | -350 | 1,215 | -6,071 | |
| -380 | -314 | -157 | 14 | -353 | -273 | -447 | -274 | -247 | -1,077 | -958 | |
| 1,718 | 2,420 | -98 | -141 | -129 | 861 | 282 | 3,770 | 3,306 | 745 | 6,154 | |
Net Cash Flow Net Cash FlowCr | 96 | 125 | -7 | 68 | 470 | 449 | 845 | 439 | 2,709 | 882 | -875 |
Free Cash Flow Free Cash FlowCr | -1,277 | -2,032 | 207 | 168 | 882 | -199 | 956 | -3,212 | -500 | 1,064 | -6,142 |
CFO To PAT CFO To PAT% | -760.3 | -543.3 | 39.7 | 68.3 | 441.8 | -327.8 | -14.3 | 48.4 | -325.4 | ||
CFO To EBITDA CFO To EBITDA% | -303.7 | -213.9 | 17.8 | 21.5 | 117.3 | -163.0 | -8.6 | 26.7 | -156.9 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 3,869 | 10,517 | 14,594 | 8,742 | 7,389 | 9,181 | 12,963 | 9,025 | 24,808 | 36,855 | 38,077 | 60,738 |
Price To Earnings Price To Earnings | 23.9 | 29.8 | 23.4 | 29.7 | 40.3 | 7.4 | 9.9 | 9.7 | 10.2 | 14.7 | 20.4 | 30.6 |
Price To Sales Price To Sales | 3.6 | 5.5 | 5.3 | 3.6 | 3.1 | 2.5 | 3.0 | 2.2 | 3.5 | 4.4 | 4.1 | 6.0 |
Price To Book Price To Book | 2.7 | 5.9 | 5.1 | 2.9 | 2.4 | 2.1 | 2.3 | 1.4 | 2.8 | 3.3 | 3.0 | 4.7 |
EV To EBITDA EV To EBITDA | 14.6 | 15.9 | 14.0 | 14.6 | 13.1 | 5.6 | 6.5 | 9.0 | 11.8 | 16.7 | ||
GPM GPM% | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||
OPM OPM% | 38.7 | 50.3 | 50.7 | 37.0 | 34.4 | 44.9 | 57.5 | 54.5 | 41.3 | 40.9 | ||
NPM NPM% | 15.5 | 19.8 | 22.7 | 11.7 | 9.1 | 22.3 | 34.6 | 30.1 | 19.9 | 19.7 | ||
ROCE ROCE% | 10.4 | 14.7 | 16.5 | 10.9 | 10.1 | 11.1 | 18.0 | 17.5 | 11.1 | 11.1 | ||
ROE ROE% | 11.4 | 20.4 | 21.6 | 9.3 | 7.0 | 14.9 | 28.0 | 22.6 | 14.5 | 14.5 | ||
ROA ROA% | 3.2 | 4.3 | 5.9 | 2.7 | 2.1 | 4.0 | 7.7 | 7.4 | 4.3 | 4.3 | ||
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 3,869 | 10,517 | 14,594 | 8,742 | 7,389 | 9,181 | 12,963 | 9,025 | 24,808 | 36,855 | 38,077 | 60,738 |
Price To Earnings Price To Earnings | 23.9 | 29.8 | 23.4 | 29.7 | 40.3 | 7.4 | 9.9 | 9.7 | 10.2 | 14.7 | 20.4 | 30.6 |
Price To Sales Price To Sales | 3.6 | 5.5 | 5.3 | 3.6 | 3.1 | 2.5 | 3.0 | 2.2 | 3.5 | 4.4 | 4.1 | 6.0 |
Price To Book Price To Book | 2.7 | 5.9 | 5.1 | 2.9 | 2.4 | 2.1 | 2.3 | 1.4 | 2.8 | 3.3 | 3.0 | 4.7 |
EV To EBITDA EV To EBITDA | 14.6 | 15.9 | 14.0 | 14.6 | 13.1 | 5.6 | 6.5 | 9.0 | 11.8 | 16.7 | ||
GPM GPM% | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||
OPM OPM% | 38.7 | 50.3 | 50.7 | 37.0 | 34.4 | 44.9 | 57.5 | 54.5 | 41.3 | 40.9 | ||
NPM NPM% | 15.5 | 19.8 | 22.7 | 11.7 | 9.1 | 22.3 | 34.6 | 30.1 | 19.9 | 19.7 | ||
ROCE ROCE% | 10.4 | 14.7 | 16.5 | 10.9 | 10.1 | 11.1 | 18.0 | 17.5 | 11.1 | 11.1 | ||
ROE ROE% | 11.4 | 20.4 | 21.6 | 9.3 | 7.0 | 14.9 | 28.0 | 22.6 | 14.5 | 14.5 | ||
ROA ROA% | 3.2 | 4.3 | 5.9 | 2.7 | 2.1 | 4.0 | 7.7 | 7.4 | 4.3 | 4.3 | ||
Documents — Motilal Oswal Financial Services Ltd
Concall Transcript Summaries — Motilal Oswal Financial Services Ltd