Motilal Oswal Financial Services Q1FY21: consolidated profit rises by 29% yoy

Total Income grew by ~17% yoy to Rs727.47cr in Q1FY21

Aug 01, 2020 09:08 IST India Infoline News Service

Quarterly Results
Motilal Oswal Financial Services announced its quarterly results on July 31, 2020. Total Income grew by 17.4% yoy to Rs727.47cr in Q1FY21 from Rs619.72cr in Q1FY20. Net interest income (NII) stood at Rs63.83cr, which witnessed a decline of 12.5% yoy, as against Rs72.92cr it reported in Q1FY20. Operating profit for Q1FY21 stood at Rs279.44cr which increased by 49.8% yoy as against Rs186.53cr in Q1FY20.

Profit after tax (PAT) stood at Rs166.99cr for the quarter ending June 2020. It grew by 29% as compared to Rs 129.4cr it reported in Q1FY20.              

On Friday, the shares closed at Rs681.2 on BSE.

Particulars Q1FY21 (Rs in cr) Q1FY20 (Rs in cr) %Change
Total Income 727.47 619.72 17.4
Net interest income 63.83 72.92 -12.5
Operating profit 279.44 186.53 49.8
Net Profit 166.99 129.42 29.0

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