Tuesday 21 January 2014

Motilal Oswal Financial Services reports 88% fall in Q3 consolidated net profit

Motilal Oswal Financial Services has reported results for third quarter ended December 31, 2013.

The company has reported 28.81% fall in its net profit at Rs 13.64 crore for the quarter as compared to Rs 19.16 crore for the same quarter in the previous year. However, total income from operation of the company has increased by 8.48% at Rs 17.51 crore for quarter under review as compared to Rs 16.14 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported 87.85% fall in its net profit at Rs 3.55 crore for the quarter ended December 31, 2013 as compared to Rs 29.22 crore for the same quarter in the previous year. Total income from operations of the company has decreased by 0.17% at Rs 113.54 crore for quarter under review as compared to Rs 113.74 crore for the quarter ended December 31, 2012.

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