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22-May2018

Motilal Oswal Financial Services reports 64% rise in Q4 consolidated net profit

Motilal Oswal Financial Services has reported results for the fourth quarter and year ended March 31, 2018.

The company has reported a rise of 95.55% in its net profit at Rs 11.42 crore for the quarter ended March 31, 2018 as compared to Rs 5.84 crore for the same quarter in the previous year. Total income of the company increased by 32.40% at Rs 27.09 crore for quarter under review as compared to Rs 20.46 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported a rise of 64% in its net profit after tax and minority interest of Rs 147.85 crore for the quarter ended March 31, 2018 as compared to Rs 90.15 crore for the corresponding quarter in the FY17. Total consolidated income of the company increased by 38.53% at Rs 754.05 crore for quarter under review as compared to Rs 544.33 crore for the same quarter ended previous year.

For the year ended March 31, 2018, the company has posted a rise of 50.28% in its net profit at Rs 129.69 crore as compared to Rs 86.30 crore for the previous year. Total income of company increased by 26.66% at Rs 223.36 crore for year under review as compared to Rs 176.34 crore for the year ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted a rise of 50.36% in its net profit after tax and minority interest at Rs 541.26 crore as compared Rs 359.97 crore for the previous year. Total consolidated income of company increased by 43.98% at Rs 2769.68 crore for year under review as compared to Rs 1923.62 crore for the period ended March 31, 2017.


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