Brands
AccorHotels & Adlabs to open integrated hotel & resort on 16 September
MUMBAI: AccorHotels is all set to open an integrated hotel and resort property – Novotel Imagica Khopoli on 16 September. Located in the Sahyadri Hills near theme parks of Adlabs Imagica and Aquamagica in Maharashtra, the hotel, which is accessible via the Mumbai – Pune Expressway, is owned by the Adlabs Group and managed by AccorHotels.
In its opening phase, the hotel features 116 rooms, which overlook the park, pool as well as the Sahyadri Hills. The hotel plans to add another 171 rooms and suites later this year, which will also comprise rooms for specially-abled patrons. By the first quarter of 2016, the hotel plans to have an inventory of 287 rooms. Additionally, there are 20 interconnected rooms on each floor catering to larger family groups.
Novotel Imagica Khopoli also features a large meeting space with a pillar-less ballroom that can accommodate approximately 460 guests. The hotel is also home to a bar and four restaurants, which offer a selection of cuisines.
AccorHotels India senior vice president – operations Jean-Michel Cassé said, “The opening of Novotel Imagica Khopoli strengthens our position in the Indian market in line with the brand’s growth strategy. The launch follows the growing trend of integrated hotels with theme parks, along with the brand’s assurance and service standards.”
Adlabs Imagica’s Pooja Shetty Deora added, “We are delighted to be associated with the Novotel brand in India, and are confident that the first theme park property under AccorHotels will prove to be the preferred choice for families and holiday makers. Guests can re-live their childhood memories and treat their children to numerous marquee characters around the hotel.”
To celebrate its opening, the hotel is offering one Superior room night stay with breakfast for two and theme park entry to Adlabs Imagica and Aquamagica park at Rs 10,500 on weekdays and Rs 13,300 on weekends.
Brands
Motilal Oswal posts record PAT of Rs 2,360 crore in FY26
Q4 PAT at Rs 661 crore; AMC and wealth drive strong growth.
MUMBAI: Money may not grow on trees but at Motilal Oswal, it seems to be compounding rather nicely. Motilal Oswal Financial Services (MOFSL) reported its highest-ever quarterly and annual operating profit after tax (PAT), clocking Rs 661 crore in Q4FY26, up 25 per cent year-on-year, and Rs 2,360 crore for the full year, marking a 16 per cent rise. The performance was powered largely by its asset management and private wealth management businesses, both of which delivered strong growth across key metrics.
The asset management business, including alternates, saw Q4 PAT jump 63 per cent YoY to Rs 249 crore, while FY26 PAT rose 55 per cent to Rs 798 crore. Total assets under management (AUM) grew 32 per cent to Rs 1.76 lakh crore, led by a 31 per cent increase in mutual fund AUM and a sharp 104 per cent surge in private alternates. SIP inflows rose 78 per cent to Rs 16,479 crore, with a market share of 4.7 per cent.
Private wealth management also delivered steady gains, with Q4 PAT up 18 per cent YoY to Rs 88 crore and FY26 PAT rising 15 per cent to Rs 368 crore. Net flows grew 66 per cent in Q4 to Rs 5,535 crore and 41 per cent annually to Rs 20,154 crore, while AUM climbed 36 per cent to Rs 1.97 lakh crore.
In the wealth management segment, Q4 PAT increased 7 per cent to Rs 204 crore, although full-year PAT declined 7 per cent to Rs 727 crore. Brokerage revenue grew 33 per cent YoY in Q4, with average daily turnover market share at 9.2 per cent. The distribution book expanded 41 per cent to Rs 40,662 crore, while the loan book rose 32 per cent to Rs 6,094 crore.
The capital markets business reported Q4 PAT of Rs 75 crore, up 12 per cent YoY, and Rs 336 crore for FY26, up 30 per cent. The firm ranked first in QIP deals and second in IPO league tables during the year, covering 366 companies and serving over 900 institutional clients.
Housing finance posted strong momentum, with Q4 PAT rising 61 per cent YoY to Rs 59 crore and FY26 PAT up 22 per cent to Rs 159 crore. AUM grew 19 per cent to Rs 5,829 crore, supported by a $100 million fundraise from the Asian Development Bank.
Meanwhile, the treasury book grew 12 per cent YoY to Rs 9,403 crore, delivering an estimated 5 per cent alpha for FY26. However, total reported PAT, including other comprehensive income, stood lower at Rs 2,043 crore due to mark-to-market accounting impacts.
With a 10-year operating PAT CAGR of 33 per cent and an average return on equity of 23 per cent achieved without equity dilution MOFSL continues to lean on its annuity-driven businesses to build a more predictable earnings engine. In a market riding the twin waves of wealth creation and financialisation, the firm appears well-positioned to keep the compounding story going.
