Business Daily from THE HINDU group of publications
Wednesday, Jul 09, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, Jul 09, 2008 ePaper | Mobile/PDA Version | Audio |
|
|
|
|
|
|
|
Markets
-
Financial Performance Corporate Results - Financial Services Our Bureau Mumbai, July 8 Motilal Oswal Financial Services Ltd has reported a standalone net profit of Rs 18.14 crore for the first quarter of the current fiscal. The total income of the firm was Rs 24.9 crore for the quarter ended June 30, 2008. The standalone figures for the year-ago quarter are not available since the shares of the company were listed on the bourses only in August last year. The consolidated net profit after tax increased to Rs 26.20 crore from Rs 25.48 crore, which is an increase of 3 per cent, said a news release from the company. The consolidated total income for the quarter increased by 15 per cent to Rs 141.2 crore. The investment banking advisory fees increased 12 per cent to Rs 18.25 crore, whereas the fund-based income jumped 199 per cent to Rs 13 crore from Rs 4 crore. The asset management fees more than doubled to Rs 6 crore. “Sharp correction in the market over the last quarter coupled with rising crude prices and inflation woes have made the environment extremely challenging. Gaining market share profitably is the only panacea for driving business growth in these challenging times. We plan to achieve this through higher employee productivity enabled by a client-focused approach and strong monitoring of costs through optimisation of resources,” said Mr Motilal Oswal, Chairman and Managing Director, Motilal Oswal Financial Services. The diluted EPS decreased to Rs 9.19 for the quarter ended June 30, 2008 from Rs 15.74 for the year ago quarter. The board of directors declared the dividend at the rate of 80 per cent (Rs 4 a share). On Tuesday, the share price of Motilal Oswal closed at Rs 555.65, up 0.68 per cent from the previous day’s close. More Stories on : Financial Performance | Financial Services
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|