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News Details

( As on 28/10/2024 16:40)

Motilal Oswal Financ Q2 net profit jumps 92.07% at Rs 591.49 cr

The company reported standalone net profit of Rs 591.49 crore for the quarter ended September 30, 2024 as compared to Rs 307.96 crore in the same period last year, registering a year-on-year growth of 92.07 per cent.

Net revenue of the company rose substantially by 70.10 per cent at Rs 1,770.55 crore in July-September quarter of this fiscal as against Rs 1,040.87 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 39.53 per cent to Rs 800.08 crore from Rs 573.42 crore in year ago period.

Other Income grew by 58.46 per cent at Rs 15.83 crore versus (Sep'23 Rs 9.99 crore).

Operating Profit surged by 102.98 per cent to Rs 977.30 crore as against Rs 481.47 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.33 per cent in September quarter.

Interest grew by 105.23 per cent y-o-y to Rs 204.70 crore, while Taxation increased by 155.29 per cent at Rs 176.38 crore (Sep'23 Rs 69.09 crore).