Why Did Motilal Oswal’s Profit Drop Despite Revenue Growth?

Motilal Oswal Financial Services (MOFSL) saw mixed results for Q3 FY25. Revenue rose by 11.6% year-on-year to ₹1,998.6 crore from ₹1,791.3 crore. However, net profit dropped by 14.4%, falling to ₹564.5 crore from ₹659.8 crore last year. This decline is due to higher expenses and lower operational income. Despite this, the company announced an interim dividend of ₹5 per share, maintaining its commitment to shareholders.

MOFSL shares closed at ₹655, down 1.25%.

While revenue growth remains strong, the drop in profitability highlights the need for better cost management and operational efficiency.