28 May 2020 | 7:07 AM

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COMPANYNEWS
Motilal Oswal Financ Q1 net profit up 2.17% at Rs 63.10 cr
  Motilal Oswal Financial Services Ltd. | 17 Jan 2020 | 10:51 AM
Published on 07-31-2019
The company reported standalone net profit of Rs 63.10 crore for the quarter ended June 30 2019 as compared to Rs 61.76 crore in the same period last year registering a year-on-year growth of 2.17 per cent.


Net revenue of the company rose marginally by 1.70 per cent at Rs 282.92 crore in April-June quarter of this fiscal as against Rs 278.20 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 3.18 per cent to Rs 179.31 crore from Rs 173.79 crore in year ago period.


Other Income dipped by 8.57 per cent at Rs 8.85 crore versus (Jun`18 Rs 9.68 crore).


Operating Profit slipped by 0.77 per cent to Rs 103.61 crore as against Rs 104.41 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 2.42 per cent in June quarter.


Interest grew by 0.90 per cent y-o-y to Rs 27.88 crore while Taxation decreased by 25.65 per cent at Rs 14.23 crore (Jun`18 Rs 19.14 crore).