Motilal Oswal Financial Services Limited

rs,

April 29, 2026 To, BSE Limited P. J. Towers, Dalal Street, Fort, Mumbai - 400001 Security Code: 532892 National Stock Exchange of India Limit

25%

Press Release Strong FY26 exit with Fourth Quarter Operating Profit After Tax growth of 25% Q4 Annual Recurring Revenue share of 64% driven by Asset & Private Wealth Management Mumbai, Ap

64%

with Fourth Quarter Operating Profit After Tax growth of 25% Q4 Annual Recurring Revenue share of 64% driven by Asset & Private Wealth Management Mumbai, April 29, 2026: Motilal Oswal Financial Servi

₹661

swal Financial Services Ltd. (MOFSL) reported its highest-ever quarterly & annual operating PAT of ₹661 Cr in Q4FY26 (grew by 25% on YoY basis) & ₹2,360 Cr in FY26 (grew 16% on YoY basis). This is led by

₹2,360

ts highest-ever quarterly & annual operating PAT of ₹661 Cr in Q4FY26 (grew by 25% on YoY basis) & ₹2,360 Cr in FY26 (grew 16% on YoY basis). This is led by strong growth in Asset & Private Wealth Manageme

16%

y & annual operating PAT of ₹661 Cr in Q4FY26 (grew by 25% on YoY basis) & ₹2,360 Cr in FY26 (grew 16% on YoY basis). This is led by strong growth in Asset & Private Wealth Management (PWM) business.

63%

r variance Q4 & FY26 Business Highlights: • Asset Management (Including Alternates): PAT grew by 63% YoY to ₹ 249 Cr in Q4, 55% YoY to ₹ 798 Cr in FY26. Total AUM grew by 32% on YoY basis at ₹1.76 la

₹ 249

Q4 & FY26 Business Highlights: • Asset Management (Including Alternates): PAT grew by 63% YoY to ₹ 249 Cr in Q4, 55% YoY to ₹ 798 Cr in FY26. Total AUM grew by 32% on YoY basis at ₹1.76 lakh Cr, driven

55%

ness Highlights: • Asset Management (Including Alternates): PAT grew by 63% YoY to ₹ 249 Cr in Q4, 55% YoY to ₹ 798 Cr in FY26. Total AUM grew by 32% on YoY basis at ₹1.76 lakh Cr, driven by stellar Mu

₹ 798

ghts: • Asset Management (Including Alternates): PAT grew by 63% YoY to ₹ 249 Cr in Q4, 55% YoY to ₹ 798 Cr in FY26. Total AUM grew by 32% on YoY basis at ₹1.76 lakh Cr, driven by stellar Mutual Fund AUM

32%

Alternates): PAT grew by 63% YoY to ₹ 249 Cr in Q4, 55% YoY to ₹ 798 Cr in FY26. Total AUM grew by 32% on YoY basis at ₹1.76 lakh Cr, driven by stellar Mutual Fund AUM growth of 31% and Private Alterna

₹1.76 lakh

w by 63% YoY to ₹ 249 Cr in Q4, 55% YoY to ₹ 798 Cr in FY26. Total AUM grew by 32% on YoY basis at ₹1.76 lakh Cr, driven by stellar Mutual Fund AUM growth of 31% and Private Alternates AUM growth of 104%. FY2

“““Wealth Effect” will drive capital market players growth 5% 20% 10% India US India US India US GDP Real Growth CAGR (Expected)* 7%-10% Market Cap CAGR (Expected)* 10%-15% Market Cap / G DP (x) 190% 120% Click here for Full Report 4%-6% 6-10% Market Cap CAGR is assumed to be 1.5x of Nominal GDP growth over long term Think Equity.”

“Treasury book CAGR of 40% since inception Lowers external equity fund raise • • • An Integrated Capital Market Player Leaders in High Growth businesses, operating leverage will drive profit growth.”

“10 www.motilaloswalgroup.com FY26 – Continued Strength In Operating Earnings Growth Market capitalization ₹ 47,190 Crs* PAT Ranking1 144 amongst listed entities M-cap Rank 204* Ranking 1 TTM for period from Jan’25 to Dec’25 *As on Apr28,2026 FY26 Operating & Financial Snapshot Assets under advice Net Operating Revenue Operating PAT Treasury Investments Net Worth 21% YoY ₹ 6.6+ lakh cr.”

“Fees & Advisory 1,602 77% 72% NII 1,885 Brokerage 1,395 Annual Recurring Revenue (ARR) Transaction Based Revenue (TBR) 56% 64% 54% 60% 44% 36% 46% 40% Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Q4FY26 distribution income moderated due to lower TBR, however ARR remained strong with 24% growth YOY Think Equity.”

“www.motilaloswalgroup.com 17 Asset & Private Wealth Management* * Includes Asset Management & Private Wealth Management businesses Differentiated Products and distribution capabilities Focused and leading player in alternate assets Robust Investment and Risk Management process AUM of ₹3.7 lakh Cr & Net sales of ~₹70,000 Cr in FY26 Think Equity.”

“18 Back to Business Segment Slide Click Here www.motilaloswalgroup.com AMC & PWM Segment Driving Group’s Growth 39% YoY Growth in Asset & PWM Operating PAT in FY26 ARR TBR 2,560 568 1,992 1,929 525 1,405 497 124 373 677 121 557 70,100 63,070 1,166 837 13,888 14,831 337 227 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Net Revenue Break-up (₹ Cr.) Net Sales (₹ Cr.) PAT (₹ Cr.) Think Equity.”

“of strategies outperformed benchmark Mutual Fund Alternates (PMS +AIF) 10 6 3 3 Outperforming Strategies basis AUM (%) 58% *Performance as on 31st Mar’26 AMC Business SIP Flows (₹ Cr.) 16,479 Net Flows (₹ Cr.) 48,450 39,420 9,256 31% 4,280 3,258 11,193 6,244 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Total MF Net Sales ▪ Growth / Active Equity MF Schemes Net Sales ▪ Passive MF Schemes Net Sales^ SIP Market Share AUM Market share (ex-hybrid) ^Excluding Gold Think Equity.”

“Flow Market Share Q4FY25 Q4FY26 7.1% 8.4% 3.1% 4.2% 2.3% 3.7% 2.8% 5.2% 4.6% 2.7% FY25 7.7% 7.8% 7.1% 3.2% 2.3% FY26 6.6% 6.7% 6.5% 4.7% 2.7% 22 www.motilaloswalgroup.com Mutual Funds - Diversified Schemes & Fund Management Team Hired 6Fund Managers in Past 2 years & Launched 13 Schemes More products for customers.”

“• 6 Funds 3Yr+ • 2 will cross 3Yr in FY27 • 8 more in FY28 Higher Net Sales Market Share than AUM Market Share for past 36 months Differentiated Asset Management Proposition for client > High Growth, High Quality orientation 2,000+ distributors with more than 1 CR of Gross flows in FY26.”

“550 1,000 2,300 4,500 490 1,002 1,132 1,200 2,000 26.0% 25.7% Strong FY26 Raised $1bn Growth Capital PE Fund IBEF V.”

Clients

1

AMC

1

MO Alternates

1

More Funds with longer Vintages

1

Company Website

1

Clients

AMC Folios 10.0+ Mn. Broking 5.5+ Mn. Wealth Management • Advisory led Broking • Managed F&O solutions • Commodity solutions • MTF, LAS • Leveraged Financial Products Institutional Equities • Equity Research • Institutional Client Derivative Strategies • Block Deals Private Wealth • Multi-asset Solutions • Alternate assets • Credit solutions • Treasury solutions • Co-investments • Tax & Estate Planning Foundation • Co-investment opportunities in philanthropic initiatives in some of the high impact educational and healthcare causes Think Equity. Think Motilal Oswal. www.motilaloswalgroup.com 8 Financialisation of India Huge Runway of Growth For MOFSL Savings in Equities Mutual Funds AUM / GD P 40% 120% Retail Participation (Owns Stocks) 55% “Compounding economy, compounding stocks” Our latest Wealth Creation Study highlights Multi-Trillion Dollar Opportunity in India. ““Wealth Effect” will drive capital market players growth 5% 20% 10% India US India US India US GDP Real Growth CAGR (Ex

MO Alternates

Private Equity + Real Estate Funds. Forayed in Private Credit business Fee earning AUM of ₹1.76 Lakh Cr. Quality Investment Team with a successful track record Think Equity. Think Motilal Oswal. 20 www.motilaloswalgroup.com Strong AUM Growth For Higher Milestones Driven By Higher Retail Penetration in AMC & New Alternate Funds Launches AMC PE/RE 1,76,354 20,905 1,33,775 10,378 1,23,397 1,55,449 Mar'25 Mar'26 AUM Break-up (₹ Cr.) Individual AUM % of Total 86% 86% 85% 85% 84% 81,546 1,00,967 1,07,492 1,16,278 1,04,558 1,40 ,000 1,20 ,000 1,00 ,000 80,0 00 60,0 00 40,0 00 20,0 00 - 80% 60% 40% 20% 0% 1.2 1.0 0.8 0.6 0.4 0.2 - Mar'25 Sep'25 Jun'25 Individual MF AUM (₹ Cr.) Dec'25 Mar'26 48,779 49,947 10,549 9,296 Q4FY25 Q4FY26 FY25 FY26 Net Sales (₹ Cr.) Unique Folios Penetration 14% 15% 17% 17% 16% 20% 0% -20% -40% -60% -80% -100% 0.78 0.85 0.94 0.99 1.00 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 MF Unique Customers (Cr.) Think Equity. Think Motilal Oswal. 21 www.motilaloswalgroup.com Gain in Fl

More Funds with longer Vintages

• 6 Funds 3Yr+ • 2 will cross 3Yr in FY27 • 8 more in FY28 Higher Net Sales Market Share than AUM Market Share for past 36 months Differentiated Asset Management Proposition for client > High Growth, High Quality orientation 2,000+ distributors with more than 1 CR of Gross flows in FY26. ~30%+ sales (Ex-digital) from beyond the top 10 markets. Amongst the top 10 diversified AMCs in India with $19bn+ of equity AUM, with a unique product proposition Think Equity. Think Motilal Oswal. 23 www.motilaloswalgroup.com MO Alternates (Private): Industry to grow 5x in next decade Group is Positioned Strongly To Benefit from Emerging Opportunities in Alternates Share of alternates in total assets to increase in India from single digit to double digits driving AUM growth. Large revenue pool of $193bn globally. India in early stages will drive global growth in alternates. HNIs share in alternates AUM will increase from 15% currently to 25% in next decade. Global Alternates AUM (USD Tn) Split of Alte

Company Website

www.motilaloswalgroup.com Past Transcripts & Investor Presentations Think Equity. Think Motilal Oswal. 57 www.motilaloswalgroup.com