Motilal net doubles in Q2

Our Bureau Chennai | Updated on October 30, 2020

Motilal Oswal Financial Services on Friday reported an 108 per cent y-o-y jump in consolidated net profit at ₹296.46 crore for the second quarter ended September 2020 of FY21, against ₹142.35 crore reported in the same year-ago period. Consolidated revenues grew 29 per cent at ₹811.16 core (₹627.73 crore). According to a release by Motilal Oswal, this is the highest-ever consolidated quarterly revenues and profits for the company. Broking vertical has also witnessed the highest ever revenues and PAT with market share gaining 80 bps y-o-y. The AMC’s asset under management is also back to pre-Covid level, the release added. Shares of Motilal Oswal closed 1.56 per cent higher at ₹563.55 on the BSE.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on October 30, 2020
This article is closed for comments.
Please Email the Editor