Motilal Oswal Financial Services rises on reporting many fold jump in Q4 consolidated net profit

Motilal Oswal Financial Services is currently trading at Rs. 690.60, up by 5.60 points or 0.82% from its previous closing of Rs. 685.00 on the BSE.

The scrip opened at Rs. 681.00 and has touched a high and low of Rs. 691.55 and Rs. 681.00 respectively. So far 169 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 989.00 on 17-May-2018 and a 52 week low of Rs. 549.75 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 707.70 and Rs. 658.00 respectively. The current market cap of the company is Rs. 9979.10 crore.

The promoters holding in the company stood at 70.29%, while Institutions and Non-Institutions held 14.86% and 14.86% respectively.

Motilal Oswal Financial Services has reported a net profit of Rs 155.25 crore for the quarter ended March 31, 2019 against net loss of Rs 1.41 crore for the same quarter in the previous year. However, total income of the company increased by 27.86% at Rs 391.79 crore for quarter under review as compared to Rs 306.42 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported many fold jump in its net profit at Rs 148.25 crore for the quarter ended March 31, 2019 as compared to Rs 12.72 crore for the corresponding quarter in the FY18. However, total consolidated income of the company fall marginally by 0.25% at Rs 661.04 crore for quarter under review as compared to Rs 662.68 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a fall of 18.90% in its net profit at Rs 323.63 crore as compared to Rs 399.07 crore for the previous year. Total income of company decreased 8.11% at Rs 1,248.69 crore for year under review as compared to Rs 1,358.97 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted fall of 53.42% in its net profit at Rs 290.32 crore as compared to Rs 623.22 crore for the previous year. Total income of company decreased by 10.35% at Rs 2,468.23 crore for year under review as compared to Rs 2,753.24 crore for year ended March 31, 2018.

The post Motilal Oswal Financial Services rises on reporting many fold jump in Q4 consolidated net profit appeared first on Udaipur News | Udaipur Latest News | udaipur local news.

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