MOFSL Q4 Results:
The fourth-quarter financial results for FY 2024 have been made public by Motilal Oswal Financial Services. Along with this, the company has also gifted bonus shares to the investors. The company’s profit has increased more than four times in the fourth quarter. The company has also received positive income news at the same time. With the release of results, there has been a change in the top management of Motilal Oswal Financial Services. Naveen Aggarwal has been appointed as the company’s new managing director.
3:1 Bonus shares announced, profit increased four times in the fourth quarter
With the release of results, Motilal Oswal Financial Services has announced 3:1 bonus share (Motilal Oswal Bonus Share). The issue of three shares for one share, each with a face value of Rs 1, has been approved by the company. The record date of bonus shares will be announced after the approval of shareholders and other regulators. Motilal Oswal’s net profit in the fourth quarter of financial year 2024 was Rs 725 crore.During the same time period of the previous fiscal year, it was Rs 165 crore.
In FY24, the company made a consolidated profit of Rs 2,445 crore and earned Rs 17 crore in other income
Motilal Oswal has said in its regulatory filing that in the financial year 2024, the company’s consolidated profit including other comprehensive income was Rs 2,626 crore. In the financial year 2022-23 it was Rs 625 crore. Operating revenue increased by 33 percent to Rs 5,075 crore (YOY) in FY24. At the same time, in the fourth quarter it has increased by 60 percent on annual basis to Rs 1569. The profit of housing finance business has been Rs 129 crore in the financial year 2024 and Rs 31 crore in the third quarter.
Company’s shares rose by 5.57 percent despite the falling market, gave 308 percent return in one year
Motilal Oswal has said in its regulatory filing that in the financial year 2024, the company’s consolidated profit including other comprehensive income was Rs 2,626 crore. It was Rs 625 crore in the fiscal year 2022-23. In FY24, operating revenue increased by 33% to Rs 5,075 crore year-over-year. At the same time, it has increased by 60% annually in the fourth quarter to Rs 1569. In FY 2024, the housing finance business made a profit of Rs 129 crore, and in the third quarter, it made a profit of Rs 31 crore.
