Motilal Oswal Financial Services Chairman and Co-founder Raamdeo Agrawal expects the company’s broking business to recover meaningfully from the fourth quarter (Q4FY26), even as other verticals such as asset management, private wealth, investment banking, and housing finance continue to record robust growth.

Raamdeo Agrawal said, “From 50% we have come to 24-25% in broking so that was not the intention to go down that fast. And so it will come back as the situation normalises, quarter three would be still kind of same, quarter four recovery will start.”

He expects a full recovery in FY27, supported by strong growth across other businesses. The asset management arm has seen assets rise from ₹1.1 lakh crore to ₹1.6 lakh crore—a nearly 50% jump driven largely by new inflows rather than mar

See Full Page