Press Release

July 23, 2026 BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai - 400001 Mumbai - 400051 Security Code: 532892 Symbol: MOTILALOFS Sub.: Press Release & Investor(s)/Analyst(s) Presentation – Financial Performance for Q1 FY 2026-27 Dear Sir/Madam, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) (as amended from time to time), please find enclosed herewith the Press Release & Investor(s)/Analyst(s) Presentation on the Financial & Operational Performance of the Company for the quarter ended June 30, 2026. The said Press Release & Investor(s)/Analyst(s) Presentation will be uploaded on the Company’s website at www.motilaloswal.com. Kindly take the same on record. Thanking you, Yours faithfully, For Motilal Oswal Financial Services Limited Kailash Purohit Company Secretary & Compliance Officer Encl.: As above Motilal Oswal Financial Services reports 14% Operating Profit After Tax (PAT) Year-On-Year Growth in Q1FY27 led by 73% Asset Management Q1 Annual Recurring Revenue (ARR) share continues to rise to 66% Mumbai, July 23, 2026: Motilal Oswal Financial Services Ltd. (MOFSL) reported its highest-ever quarterly Total PAT of ₹1,513 Cr including Other Comprehensive Income (OCI) in Q1FY27. This is led by strong growth in Asset Management business. Segmental Operating Profit After Tax Highlights Particulars (₹ Cr) Q1FY27 Q1FY26 YoY (%) Q4FY26 QoQ (%) Asset & Private Wealth Mgmt. 335 230 46% 337 (1%) Wealth Management 161 173 (7%) 204 (21%) Capital Market 76 101 (25%) 75 1% Housing Finance 32 24 36% 59 (45%) Operating PAT* 609 534 14% 661 (8%) Total PAT 1,513 1,430 6% (393) - *After inter-company adjustments QoQ: Sequential Quarter Variance, YoY: Year Over previous year Variance Q1FY27 Business Highlights: • Asset Management (AMC & MO Alternates) PAT grew by 73% YoY to ₹ 245Cr in Q1 FY27 and is now the largest contributor to PAT at 40%. Total Asset Under Management (AUM) grew by 31% on YoY basis at ₹2.12 lakh Cr. o AMC (Mutual Funds (MF), Portfolio Management Services (PMS) & Alternate Investment Funds (AIF)) Net Mutual Fund Flows market share at 4.2% is higher than AUM market share at 2.9%; Systematic Investment Plan (SIP) inflows surged 16% YoY to ₹4,064 Cr with market share of 4.3%. AUM grew by 26% on YoY basis to ₹1.90 Lakh Crs. o MO Alternates AUM grew by 99% on YoY basis. Executed 2nd close of our maiden Private Credit Fund with a raise of ₹2,435 Crs, targeting total raise of ₹3,000 Cr soon. • Private Wealth Management (PWM): Q1FY27 ARR revenue grew by 42% on YoY basis to ₹157 Cr. Net Flows grew by 37% to ₹3,929 Cr led by AUM growth of 37% on YoY to ₹2.4 lakh Cr. Relationship Managers (RM) base up by 26% to 441. Q1 PAT up 2% on lower TBR. • Wealth Management: Strong ascent on growing annuity streams - ARR revenue grew by 26% on YoY basis to ₹304 Cr. Distribution book grew by 29% to ₹45,575 Cr on YoY basis. Loan book grew by 33% to ₹7,388 Cr on YoY basis (group’s Margin Trade Funding (MTF) book witnessed growth of 55% on YoY basis to ₹7,800 Crs). Q1 brokerage revenue grew by 6% YoY. Overall Average Daily Turnover (ADTO) Market share (including Commodity) is strong at 7.6% in Q1. • Capital Markets: Fee income up 48% QoQ. Ranked #2 on Qualified Institutional Placement (QIPs) and Initial Public Offer (IPOs) league table for Q1FY27. • Housing Finance: PAT grew 36% YoY to ₹ 32 Cr in Q1. Disbursement grew by 64% to ₹646 Cr. AUM grew 23% YoY to Rs. 6,164 Cr. Pristine asset-quality with Gross Non-Performing Assets (GNPA) & Net Non-Performing Assets (NNPA) at 1.1% and 0.6% respectively. • Treasury book grew 22% YoY to ₹10,482 Cr. Historically, the book witnessed Compounded Annual Growth Rate (CAGR) of 41% since inception led by strong Internal Rate of Return (IRRs) and reinvestment of operating profits. • Crisil upgraded our long-term credit rating to AA+ Stable. This reflects the strength of our franchise and the resilience of our business model which are designed to deliver sustainable growth across market cycles. • Focus on annuity revenues have led to a contribution of 66%, improving quality and predictability of business. • MOFSL’s 10-year track record of 33% Operating PAT CAGR, Earnings Per Share (EPS) CAGR of 28% and average Return on Equity (ROE) of 23% has been delivered entirely through internal accruals with no dilution. During the same period, Net Worth CAGR is 25% after 3 buy backs and consistent dividend payouts, entirely through internal accruals. Motilal Oswal Financial Services Limited (MOFSL) is the largest integrated capital market player with strong and rising rankings across businesses with each business still offering a strong growth runway. The rise in wealth to over USD 100 Tn combined with financialisation of savings are powerful tailwinds for us and MOFSL is widening its presence by entering promising adjacencies in each of our businesses. For Further Details, refer to the Investor Presentation here or contact the following; Mr. Shalibhadra Shah Mr. Manish Kayal Mrs. Rohini Kute Group Chief Financial Officer Head – Corp Planning & IR Head of Group Corporate shalibhadrashah@motilaloswal.com manish.kayal@motilaloswal.com Communication rohini.kute@motilaloswal.com +91 98201 96838 Motilal Oswal Financial Services Limited Investor Presentation Q1FY27 Largest Integrated Capital Market Player* Primed to Benefit From India’s Multi-Trillion Dollar Opportunities * On the basis of FY26 Net Worth Ranking amongst non-bank peers Table Of Content Pg Pg Pg Pg 03 - 04 05 - 09 10 - 42 43 - 47 Compounding MOFSL Value Q1FY27 Highlights Others (Tech, ESG, Machine Proposition Philanthropy) MOFSL’s Power of Compounding Demonstrated over ~4 Decades Net Worth Trend Rating Upgrade to Assets Under AA+ Stable by Entered into Advice (AUA) ICRA, first amongst Affordable Housing crossed ₹ 4 Tn Non-Bank Capital Goes public. The Finance Business and mark Market Player. Started Retail & IPO was started deploying Institutional oversubscribed free cash flows into Employee count AUA crossed ₹6 Tn. Equities 26.4 times Treasury Investments crossed 10,000 Mark 1990 1987 2006 2007 2010 2014 2018 2024 2025 2026 Q1FY27 - 95 ₹1 lac ₹10 Cr ₹107 Cr ₹333 Cr ₹946 Cr ₹1,170 Cr ₹2,886 Cr ₹8,732 Cr ₹11,079 Cr ₹12,888 Cr ₹14,429 Cr Started as a Sub- Capital raised Asset Crossed 1 mn Recorded the Highest ever Broking Outfit - through Private Management customers in highest ever quarterly Total Prudential Equity. Enters into Company Wealth Operating PAT of ₹ PAT (incl OCI) of Portfolio Investment launches its Management 2,029 Cr ₹ 1,513 Cr Services Banking, Private maiden mutual Equity, and Wealth fund offering Total client base Asset Management crossed Management businesses 12 mn.* AUM crossed a major milestone AUA crossed ₹5+ of ₹2 Tn. tn. mark *Aggregated nos. of customers of each business MOFSL’s Strong Decadal Compounding Journey In Past Decade 28% CAGR 30% CAGR 24% CAGR Profit growth has been higher than revenue growth 1,081 9,423 2,043 ~6.6 lakh 47,074 Mar-16 Mar-26 Mar-16 Mar-26 Mar-16 Mar-26 MOFSL’s market cap has Total Revenue in ₹ Cr Total PAT (incl OCI) in ₹ Cr Assets under Advice (AUA) in ₹ Cr outperformed the Nifty TTTTTTMMM PPPAAATTT RRRaaannnkkkiiinnnggg 111666000### 500 Index by 17% CAGR 25% CAGR 31% CAGR 14% CAGR Assets under Advice 6,437 have posted 30% CAGR 1,437 12,888 3,885 57,282 22,996 in the last decade Mar-16 Mar-26 Mar-16 Jun-26 Mar-16 Jun-26 Net Worth in ₹ Cr MOFSL Market Cap in ₹ Cr Nifty 500 MM--ccaapp RRaannkk 118970** *As on Jul 22, 2026. #TTM for period from Apr’25 to Mar’26 amongst listed entities CAGR = Compounded Annual Growth Rate MOFSL’s Twin-Engine model Strategic synergies between Large Treasury Book & Operating Businesses Engine #1 Engine #2 Investments are used strategically for Operating Businesses Treasury Investments operating b [Showing first 8,000 characters — download PDF for full document]