Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.