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Motilal Oswal Financial Services gains on reporting many fold jump in Q2 consolidated net profit

Motilal Oswal Financial Services is currently trading at Rs. 618.85, up by 3.35 points or 0.54% from its previous closing of Rs. 615.50 on the BSE.

The scrip opened at Rs. 625.00 and has touched a high and low of Rs. 625.00 and Rs. 608.00 respectively. So far 1202 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 855.00 on 28-May-2019 and a 52 week low of Rs. 480.40 on 08-Aug-2019.

Last one week high and low of the scrip stood at Rs. 649.90 and Rs. 601.00 respectively. The current market cap of the company is Rs. 9088.47 crore.

The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 14.95% and 15.13% respectively.

Motilal Oswal Financial Services has reported over six-fold jump in its net profit at Rs 152.16 crore for the quarter ended September 30, 2019 as compared to Rs 22.72 crore for the same quarter in the previous year. Total income of the company increased by 27.76% at Rs 366.81 crore for Q2FY20 as compared Rs 287.10 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 46-fold jump in its net profit at Rs 142.31 crore for the quarter ended September 30, 2019 as compared to Rs 3.07 crore for the same quarter in the previous year. Total income of the company increased by 8.56% at Rs 618.21 crore for Q2FY20 as compared Rs 569.49 crore for the corresponding quarter previous year.

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