Motilal Oswal Financial Services Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 24, 2018 at 03:48 am
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Motilal Oswal Financial Services Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on standalone basis, the company reported total revenue of INR 780.1 million against INR 192.2 million a year ago. Profit before exceptional items and tax was INR 632.5 million against INR 44.8 million a year ago. Profit before tax was INR 632.5 million against INR 44.8 million a year ago. Net profit after tax was INR 508.7 million compared to INR 56.4 million a year ago. Diluted earnings per share was INR 3.46 against INR 0.39 a year ago.
For the nine months, on standalone basis, the company reported total revenue of INR 1,962.7 million against INR 1,558.9 million a year ago. Profit before exceptional items and tax was INR 1,501.2 million against INR 1,076.2 million a year ago. Profit before tax was INR 1,501.2 million against INR 797.4 million a year ago. Net profit after tax was INR 1,182.6 million compared to INR 804.6 million a year ago. Diluted earnings per share was INR 8.05 against INR 5.54 a year ago.
For the quarter, on consolidated basis, the company reported total revenue of INR 7,324 million against INR 4,540.7 million a year ago. Profit before exceptional items and tax was INR 2,114.4 million against INR 1,213.5 million a year ago. Profit before tax was INR 2,114.4 million against INR 1,213.5 million a year ago. Profit after tax before minority interests and share of profit from associates was INR 1,463.1 million compared to INR 890.4 million a year ago. Profit after tax and minority interests was INR 1,480.5 million compared to INR 891.1 million a year ago. Diluted earnings per share was INR 10.08 against INR 6.14 a year ago.
For the nine months, on consolidated basis, the company reported total revenue of INR 20,141.3 million against INR 13,781.7 million a year ago. Profit before exceptional items and tax was INR 5,726.9 million against INR 3,984.4 million a year ago. Profit before tax was INR 5,726.9 million against INR 3,705.6 million a year ago. Profit after tax before minority interests and share of profit from associates was INR 3,943.9 million compared to INR 2,747.6 million a year ago. Profit after tax and minority interests was INR 3,934.2 million compared to INR 2,698.3 million a year ago. Diluted earnings per share was INR 26.77 against INR 18.58 a year ago.
Motilal Oswal Financial Services Limited is an India-based integrated technology-based financial services company. The Company offers a range of services including retail and institutional broking, financial products distribution. Its customers include resident and non-resident individuals, Hindu undivided families (HUFs), and corporates. The Companyâs segments include Capital market, Asset and Wealth Management, Home finance, and Treasury Investments. Capital market activities includes Broking services to clients, research and advisory services, financial product distribution, depository services and investment banking. Home Finance represents interest and other related income from affordable housing finance business. Its fund-based activities include investment activities (Investment in securities and property) and financing activity. The Companyâs asset management and advisory services includes fee-based services for management of assets.
Motilal Oswal Financial Services Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017