Motilal Oswal Financial Services Ltd: Q3FY 2018-19 Key Points


Motilal Oswal Financial Services Limited (MOFSL) announced its results for the quarter and nine month ended December 31, 2018 today just after the market hours!

Consolidated Adjusted revenues for the company (excluding MTM gains in fund based and lumpy gain on PE exits) were Rs 6.5 bn in Q3FY19 and Rs 19.2 bn, increased by 3% YoY in 9MFY19. Consolidated revenues stood at Rs 6.8 bn in Q3FY19 and Rs 19.7 bn in 9MFY19.

Motilal Oswal Financial Services

 

Consolidated PAT was Rs 399 mn in Q3FY19 due to impact higher provisioning / write offs taken in Aspire. Consolidated Adjusted PAT (excluding MTM gains in fund based, lumpy gain on PE exits and Aspire) was Rs 1.43 bn in Q3FY19, increased 2% YoY and Rs 3.7 bn, gained by 15% YoY in 9MFY19.

The Board has declared an interim dividend of INR 4 per share (FV Rs 1/share)

The stock touched an intraday high of INR 692.40 and an intraday low of INR 680 on the National Stock Exchange (NSE)

CMD Speaks –

Speaking on the performance of the company, Mr, Motilal Oswal, CMD said “Our strategy to diversify our business model towards linear sources of earnings continues to show results, with bulk of the revenue pie now coming from these new businesses. Each of these businesses offers significant headroom for growth and operating leverage os they scale up. Even our traditional businesses also saw strong uptick during the quarter by registering record revenues.
Prestigious awards like Best broking business of the year, Top-15 Best Places to Work, Best boutique wealth manager and several others hove made all associated with the group immensely proud”

 

Motilal Oswal Financial Services

 

Motilal Oswal Financial Services Limited (MOFSL) is a reputed name in Financial Services with group companies providing services such as Asset Management, Commodity Broking, Currency Broking, Investment Banking, Institutional Broking, Private Equity, Private Wealth Management, Retail Broking and Distribution, Principal Strategies & Home Finance.

History: Motilal Oswal Financial Services Ltd was incorporated on May 18, 2005 and received the certificate of commencement of business on June 3, 2005.

Strength: MOFSL has headquartered in Mumbai and it had a network spread over 600 cities and towns comprising 2400+ Business Locations and more than 9 lakh registered customers.

Stock Price Movement

The stock ended 3.55% higher to INR 471.55 (NSE) when the market closed! The share price of Motilal Oswal Financial Services Limited (MOFSL) traded almost flat during the quarter ended 31 December 2018.

Motilal Oswal Financial Services on Technical Charts

The stock price of Motilal Oswal Financial Services Limited (MOFSL) is trading more than 3% higher when compared to its 50 EMA (INR 663) but trading more than 14% lower when compared to its 200 EMA (INR 803)

 

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Vishal Dalwadi

Vishal Dalwadi

Vishal is an MBA (Finance) post-graduate. He is the founder and owner of "FinBlab". His blog aims at providing information and research on Stock market and sectors including Mutual funds, IPOs, Insurance and more.

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