Motilal Oswal Financial Services Reports Highest Ever Profits After Tax (including OCI) of Rs. 2,626 cr & RoE of 35% for FY24
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Motilal Oswal Financial Services Ltd. announced its results for the quarter and financial year ended March 31, 2024 post approval by the Board of Directors at a meeting held in Mumbai on April 26, 2024.
Key Highlights
* FY24 Consolidated PAT including Other Comprehensive Income (OCI) at Rs. 2,626 cr and Q4FY24 Consolidated PAT incl OCI at Rs. 625 cr. Consolidated RoE of 35%.
* Consolidated operating revenue for FY24 at Rs. 5,075 cr, up 33% YoY and for Q4FY24 at Rs. 1,569 cr, up 60% YoY/29% QoQ.
* Consolidated operating PAT for Q4FY24 at Rs. 495 cr, up 66% YoY/30% QoQ and for FY24 at Rs. 1,535 cr, up 38% YoY respectively. Operating RoE of 25%.
* Delivered Highest ever quarterly and yearly Capital market business PAT of Rs. 251 cr, up 68% YoY/23% QoQ and Rs. 803 cr, up 47% YoY respectively.
* Asset & Wealth Management businesses reported strong growth with PAT in Q4FY24 at Rs. 210 cr, up 79% YoY/ 46% QoQ and in FY24 at Rs. 607 cr, up 34% YoY.
* Housing finance business PAT for the Q4FY24 and FY24 at Rs. 31 cr and Rs. 129 cr respectively
* Robust Net worth of Rs. 8,732 cr as of March 31, 2024 up 40% YoY. 10-year Net Worth CAGR of 22%.
* Declared 3 bonus shares for 1 fully paid up equity share
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