Motilal Oswal’s Q4 Net Profit Falls 45% YoY, Stock Drops By 3%

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The stocks of Motilal Oswal Financial Services Ltd were trading at Rs 610 on BSE at 10:30 am today, which is a decrease of 2.55 percent. This decline in stock price followed the company’s report of a significant reduction in net profit on a year-on-year basis. In comparison to the same period last year, Motilal Oswal’s consolidated net profit has decreased by around 45 percent, dropping from Rs 299 crore to Rs 165 crore.

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There was a 2 percent decline in the company’s revenue from operations, which dropped to Rs 1,027 crore as compared to the previous year’s period. Additionally, the company announced a final dividend of Rs 3 per share for the financial year 2022-23. The capital market business generated a profit of Rs 135 crore, while the asset and wealth business earned Rs 66 crore.

Motilal Oswal Financial Services is a stock broking company with ownership primarily held by promoters (69.68 percent), followed by the public (17.57 percent), FIIs (6.47 percent), and DIIs (6.28 percent).

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From January 1, 2023, the stock has experienced a decline in its value by 12.13 percent, significantly underperforming the benchmark Nifty 50 index. In contrast, the Nifty 50 has maintained a consistent level since the beginning of this year.

Additionally, over the past five years, the company’s stock has significantly underperformed in comparison to the Nifty 50 index, with a decline of 36.76 percent in its value. Meanwhile, during the same period, the Nifty 50 index has yielded a positive return of 68.73 percent.

Shruti Rag