Below are the financial statements of Motilal Oswal Financial Services, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of INR | 2024 | 2023 |
|---|---|---|
| Income | — | — |
| Revenue from operations | — | — |
| Interest income | 18,947.2a | 12,282.9a |
| Dividend income | 85.8a | 88.2a |
| Rental income | 5.3a | 2.6a |
| Fees and commission income | 36,253.1a | 27,334.2a |
| Net gain on fair value changes | 14,651.1a | 1,387.6a |
| Other operating income | 735.2a | 675.7a |
| Total revenue from operations | 70,677.7a | 41,771.2a |
| Other income | 627.5a | 200a |
| Total income | 71,305.2a | 41,971.2a |
| Expenses | — | — |
| Finance costs | -10,141.4a | -5,958.3a |
| Fees and commission expense | -11,378.4a | -8,613.1a |
| Impairment on financial instruments | -539.8a | -427.9a |
| Employee benefits expense | -13,298.1a | -10,083.8a |
| Depreciation and amortization expense | -825.8a | -583.8a |
| Other expenses | -4,802.9a | -3,881.8a |
| Total expenses | -40,986.4a | -29,548.7a |
| Profit before taxation | 30,318.8a | 12,422.5a |
| Tax expenses/(credit) | — | — |
| Current tax | -4,344.5a | -2,906.2a |
| Deferred tax expenses/(credit) | -1,550.7a | -182.3a |
| Short/(excess) provision for earlier years | -32.6a | -5.8a |
| Total tax expenses | -5,862.6a | -3,094.3a |
| Profit after tax | 24,456.2a | 9,328.2a |
| Share of profit from associate (net of taxes) | -0.1a | 19.6a |
| Profit after tax and share in profit of associate | 24,456.1a | 9,347.8a |
| Net profit attributable to | — | — |
| Owners of parent | 24,410.6a | 9,316.9a |
| Non-controlling interests | 45.5a | 30.9a |
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