Motilal Oswal Financial Services Ltd strong Q2 FY27 results

Motilal Oswal Financial Services’ newsflow was led by a major leadership rejig, strong Q2 FY27 results, and a sharp stock rally on tax-relief hopes. The company announced sweeping leadership changes across its alternatives, wealth management and private wealth businesses, with Padmanabh Sinha (ex‑Temasek India) joining as MD & CEO of Motilal Oswal Alternates from 11 November, while founder Vishal Tulsyan continues as Executive Chairman and will become a Whole‑time Director by 31 January 2027. In the wealth management business, Suresh Shukla takes over as MD & CEO from 4 November, succeeding Ajay Menon who is exiting for entrepreneurial ventures, while the private wealth business will be co‑led by Anupam Guha and Akash Hariani as MDs & CEOs, with Pratik Oswal designated Chairman. These moves coincide with strong Q2 FY27 results, in which operating PAT rose 29% YoY to ₹718 crore, driven by asset management and private wealth, which together grew 43% YoY and now contribute 58% of operating profit. Asset management AUM reached ₹2.23 lakh crore, private wealth AUM rose 58% to ₹2.96 lakh crore, and recurring (ARR) revenue now makes up 66% of total revenue.