Motilal Oswal shares fall despite quarterly profit rise
The company's shares dropped 7% despite a 10% increase in Q1 profit.
1Motilal Oswal shares decline
Motilal Oswal Financial Services shares fell more than 7% despite a 10% rise in Q1 net profit. The share price dropped to 872 rupees.
2Revenue and expenses rise
The company's operational revenue increased by 25% to 3.426 billion rupees. Total expenses surged by 42% to 1.898 billion rupees.
3Asset management growth
The asset management business's profit rose by 73% to 245 billion rupees. This segment contributed 40% to the company's total profit.
4Assets under management
Total assets under management increased by 31% to 2.12 trillion rupees. The private wealth management segment saw a 42% rise in ARR.
5Credit rating upgraded
Crisil upgraded Motilal Oswal's long-term credit rating to AA+ Stable. This reflects the strength of the company's business model.
6Long-term performance
Motilal Oswal shares delivered 4% returns over one year, 409% over three years, and 258% over five years. The company's market cap exceeded 56.878 billion rupees.
Original article: Economic Times — Motilal Oswal hisseleri çeyrek kar artışına rağmen düştü