Latest News | Motilal Oswal Financial Services Q2 Profit Up 4 Pc to Rs 531 Crore

New Delhi, Nov 1 (PTI) Motilal Oswal Financial Services Ltd on Wednesday reported a 4 per cent growth in Profit After Tax (PAT) to Rs 531.2 crore for the September quarter.

The company had posted a PAT of Rs 509.3 crore in the year-ago period, Motilal Oswal Financial Services said in a regulatory disclosure to the stock exchanges.

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Total revenues jumped 30 per cent to Rs 1,416 crore in the quarter under review from Rs 1,087 crore in the year-ago period.

"We have delivered a robust performance in the second quarter. Our capital market business has demonstrated remarkable performance, reporting an all-time high quarterly profit and strengthening our retail market share position in the cash and F&O segment to 7.1 per cent and 7.5 per cent, respectively," the company's MD and CEO Motilal Oswal said.

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Capital market business -- comprising retail broking and distribution -- institutional equities, and investment banking, registered a PAT of Rs 180 crore in the July-September period, registering a growth of 33 per cent year-on-year.

Revenues stood at Rs 1,019 crore in the quarter under review, a surge of 41 per cent year-on-year.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)