28 May 2020 | 6:48 AM

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COMPANYNEWS
Motilal Oswal Financ Q2 net profit zooms 569.72% at Rs 152.16 cr
  Motilal Oswal Financial Services Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-24-2019
The company reported standalone net profit of Rs 152.16 crore for the quarter ended September 30 2019 as compared to Rs 22.72 crore in the same period last year registering a year-on-year growth of 569.72 per cent.


Net revenue of the company rose moderately by 11.91 per cent at Rs 348.59 crore in July-September quarter of this fiscal as against Rs 311.50 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 20.69 per cent to Rs 193.07 crore from Rs 243.44 crore in year ago period.


Other Income grew by 58.21 per cent at Rs 8.86 crore versus (Sep`18 Rs 5.60 crore).


Operating Profit surged by 142.26 per cent to Rs 164.88 crore as against Rs 68.06 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 116.48 per cent in September quarter.


Interest grew by 16.83 per cent y-o-y to Rs 31.94 crore while Taxation decreased by 195.43 per cent at Rs -17.76 crore (Sep`18 Rs 18.61 crore).