Motilal Oswal surges despite reporting 66% fall in Q4 consolidated net profit

Motilal Oswal Financial Services is currently trading at Rs. 111.60, up by 1.70 points or 1.55% from its previous closing of Rs. 109.90 on the BSE. The scrip opened at Rs. 111.90 and has touched a high and low of Rs. 116.00 and Rs. 108.20 respectively. So far 19987 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 116.00 on 28-Apr-2014 and a 52 week low of Rs. 64.00 on 01-Aug-2013. Last one week high and low of the scrip stood at Rs. 116.00 and Rs. 101.10 respectively. The current market cap of the company is Rs. 1554.33 crore. The promoters holding in the company stood at 74.14% while Institutions and Non-Institutions held 11.68% and 14.18% respectively. Motilal Oswal Financial Services has posted a fall of 9.98% in its net profit at Rs 4.33 crore for the quarter ended March 31, 2014 as compared to Rs 4.81 crore for the same quarter in the previous year. Total income from operations of the company has decreased by 36.38% at Rs 18.40 crore for quarter under review as compared to Rs 28.92 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported 65.69% fall in its net profit at Rs 12.60 crore for the quarter ended March 31, 2014 as compared to Rs 36.72 crore for the same quarter in the previous year. Total income from operations of the company has declined by 9.48% at Rs 119.33 crore for quarter under review as compared to Rs 131.83 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a marginal rise of 1.45% in its net profit at Rs 39.31 crore as compared to Rs 38.75 crore for the same period in the previous year. However, total income from operations of company has dipped 4.23% at Rs 69.72 crore for year under review as compared to Rs 72.80 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 63.78% in its net profit at Rs 39.51 crore as compared to Rs 109.09 crore for the same period in the previous year. Total income from operations of company has decreased by 1.68% at Rs 456.84 crore for year under review as compared to Rs 464.63 crore for the period ended March 31, 2013.