Motilal Oswal Financial Services Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 30, 2017 at 08:54 am EST
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Motilal Oswal Financial Services Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company reported total income from operations of INR 186.4 million against INR 342.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 126.1 million against INR 287.0 million a year ago. Profit from ordinary activities before tax was INR 44.8 million against INR 226.3 million a year ago. Profit from ordinary activities after tax and net profit was INR 56.4 million compared to profit from ordinary activities after tax and net profit of INR 187.8 million a year ago. Diluted earnings per share was INR 0.39 against INR 1.30 a year ago.
For the nine months, on standalone basis, the company reported total income from operations of INR 1,227.9 million against INR 935.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,031.3 million against INR 715.9 million a year ago. Profit from ordinary activities before tax was INR 797.4 million against INR 504.4 million a year ago. Profit from ordinary activities after tax and net profit was INR 804.6 million compared to profit from ordinary activities after tax and net profit of INR 439.9 million a year ago. Diluted earnings per share was INR 5.54 against INR 3.04 a year ago.
For the quarter, on consolidated basis, the company reported total income from operations of INR 4,238.2 million against INR 2,849.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,217.0 million against INR 1,095.4 million a year ago. Profit from ordinary activities before tax was INR 1,213.5 million against INR 686.1 million a year ago. Profit from ordinary activities after tax and net profit was INR 891.1 million compared to profit from ordinary activities after tax and net profit of INR 501.2 million a year ago. Diluted earnings per share was INR 6.14 against INR 3.45 a year ago.
For the nine months, on consolidated basis, the company reported total income from operations of INR 12,097.0 million against INR 7,526.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,778.5 million against INR 2,542.5 million a year ago. Profit from ordinary activities before tax was INR 3,705.6 million against INR 1,614.7 million a year ago. Profit from ordinary activities after tax and net profit was INR 2,698.3 million compared to profit from ordinary activities after tax and net profit of INR 1,219.0 million a year ago. Diluted earnings per share was INR 18.58 against INR 8.43 a year ago.
Motilal Oswal Financial Services Limited is an India-based integrated technology-based financial services company. The Company offers a range of services including retail and institutional broking, financial products distribution. Its customers include resident and non-resident individuals, Hindu undivided families (HUFs), and corporates. The Companyâs segments include Capital market, Asset and Wealth Management, Home finance, and Treasury Investments. Capital market activities includes Broking services to clients, research and advisory services, financial product distribution, depository services and investment banking. Home Finance represents interest and other related income from affordable housing finance business. Its fund-based activities include investment activities (Investment in securities and property) and financing activity. The Companyâs asset management and advisory services includes fee-based services for management of assets.
Motilal Oswal Financial Services Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016