Motilal Oswal Financial Services Q4 net up 4 times, to issue 3:1 bonus

stock analyst • • stock index

Motilal Oswal Financial Services’ net profit increased over four times to ₹725 crore in the fourth quarter ended March 31, 2024 against ₹165 crore logged in the same period last year.

Motilal Oswal Financial Services’ net profit increased over four times to ₹725 crore in the fourth quarter ended March 31, 2024 against ₹165 crore logged in the same period last year.

Income more than doubled to ₹2,158 crore (₹1,034 crore).

The company board announced issue of three bonus equity share for every one share held by investors.

Also read: Motilal Oswal Financial Services NCD issue: Should you invest?Motilal Oswal, MD & CEO, said the capital market business remains significantly under penetrated with most exciting 5 years ahead and the company’s presence in 98 per cent of pin codes and 6 per cent cross-sell ratio provides a ready base and headroom to grow distribution business.

The AMC business should once again drive the growth with 95 per cent of its strategies outperforming the benchmark, turnaround in sales, focus on equities and launch of new products, he said.

Like (0)
stock analyststock analyst
Previous April 27, 2024 7:57 pm
Next April 27, 2024 7:57 pm

Related posts

  • Lizhong Group (300428.SZ): Net profit in the first quarter was 274 million yuan, a year-on-year increase of 132.47%

    Gelonghui April 25 | Lizhong Group (300428.SZ) announced the first quarter report of 2024. The operating income during the reporting period was 5.967 billion yuan, a year-on-year increase of 16.49%; the net profit attributable to shareholders of the listed company was 274 million yuan, a year-on-year increase. 132.47%; excluding equity incentive expenses, the net profit attributable to shareholders of listed companies was 296 million yuan, a year-on-year increase of 94.24%; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 263 million yuan, a year-on-year increase of 220.78%. Basic earnings per share 0.44 yuan.

    stock index April 25, 2024

  • China is expected to replace the United States as the world’s largest personal luxury goods market by 2030

    PricewaterhouseCoopers released the “Report on the Luxury Goods Market in Mainland China and Hong Kong”, predicting that by 2030, China will replace the United States as the world’s largest personal luxury goods market with a market size of US$148 billion. PwC pointed out that China’s personal luxury goods market will be driven by large-scale intergenerational transfer of wealth, continued development of new consumer groups, vigorous development of experiential consumption and luxury lifestyle, high growth potential in Hainan, and further integration of online services with online services. Further expansion will be driven by factors such as channel improvement and other factors. In the next 30 years, China will have 92 trillion yuan of wealth passed down to the second generation of high-net-worth individuals. In terms of the Hong Kong market, PwC predicts that the Hong Kong personal luxury goods market will grow at an average compound annual growth rate of 4.5% from 2023 to 2030, reaching HK$125.8 billion in 2030. Among them, the three major categories of luxury accessories with the largest growth are leather products, Jewelry and watches. Zheng Huanran,…

    stock index April 15, 2024

  • AstraZeneca rose nearly 6% before the market opened, Q1 results exceeded expectations

    Gelonghui, April 25 | AstraZeneca (AZN.US) rose nearly 6% to US$75.35 before the market opened. On the news, the company\’s pre-market results showed that Q1 total revenue was US$12.679 billion, a year-on-year increase of 19%, which was better than market expectations of US$11.84 billion; core earnings per share was US$2.06, a year-on-year increase of 13%, which was also better than the market. Expected $1.92.

    stock index April 25, 2024

  • Stock trading business receives \”windfall\”, Barclays Bank (BCS.US) Q1 revenue exceeds expectations

    Barclays Bank\’s revenue in the first quarter was 7 billion pounds, a year-on-year decrease of 4%, exceeding market expectations; the group\’s net interest income was 3.072 billion pounds, compared with 3.053 billion pounds in the same period last year, of which Barclays UK NII was 1.5 billion pounds.

    stock index April 25, 2024

  • Secretary Dong, what on earth do you call Hu?

    Recently, the Tibet Securities Regulatory Bureau’s decision to take supervisory dialogue measures against the listed company Tibet Everest has sparked heated discussions. In fact, the content of the decision itself is not a highlight. Instead, it is the statement about the name of the board secretary that appears in it. Four names: Hu Handong, Hu Hadong, Hu Hadong and Hu Jindong.

    stock index April 25, 2024

  • Japan\’s top foreign exchange official declined to comment on whether it had intervened in currency markets

    Japan\’s top foreign exchange official declined to comment on whether Tokyo would intervene in currency markets on Monday after sharp market volatility sent the dollar down 2% against the yen.

    stock index April 29, 2024