|COMPANY NAME|| |
|NATURE OF BUSINESS||INVESTMENT|
|FACE VALUE||Rs. 1/-|
|PROMOTERS||MOTILAL OSWAL SECURITIES LTD.|
Motilal Oswal Financial Services rose 4.05% to Rs 925 after the company’s consolidated net profit rose 80.97% to Rs 536.51 crore on 63.72% increase in total income to Rs 1328.76 crore in Q2 September 2021 over Q2 September 2020.
On a consolidated basis, profit before tax (PBT) surged 119.32% to Rs 659.05 crore in Q2 September 2021 over Q2 September 2020.
Operating profit (excluding gains on investments) for the quarter was highest ever at Rs 270 crore, rising 118% YoY.
The company said that most of its businesses delivered strong and sustainable performance in Q2 FY22. The company’s capital market business PAT grew 52% YoY and asset & wealth surged 226% led by 44% increase in AMC, 88% increase in wealth management and 12x growth in private equity business driven by strong profit on exit of investment. Further, the company has witnessed turnaround in housing finance business.
Capital markets segment comprises of retail broking, institutional equities and investment banking business. Revenues for this segment were Rs 610 crore, up 44% YoY in Q2FY22.
Motilal Oswal Home Finance Limited (MOHFL) is registered with National Housing Bank (NHB) and is amongst the leading new age Housing Finance Companies in India having its presence across 11 states in Western, North-Central and Southern India.
The company is a professionally managed housing finance company with unique combination of financially sound and technically experienced parentage having built public trust of over 4 decades in the domain of financial services. The group is known for their professional ethics, robust knowledge and strong execution capabilities. The company works on the business philosophy of financial inclusion of Lower Income Group Indian families by providing them an access to long term housing finance.
The aims to touch the lives of a larger populace by allowing the LIG segment in realizing their dreams to own their own ‘GHAR’ – a place where life is celebrated at its best – one’s own home – one’s own shelter – one’s own space in the world. – by providing simple and fast solution towards the Home Loan need. The company make effective use of digital solutions including Online Housing Loans with optimum physical presence.
MOHFL is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL). MOFSL is a well-diversified, financial services company focused on wealth creation for all its customers, such as institutional, corporate, HNI and retail.
MOHFL is registered with National Housing Bank (NHB) under section 29A of the National Housing Bank Act, 1987 as a HFC under section 29A of the National Housing Bank Act, 1987 vide Certificate of Registration No. 05.0111.14 dated May 19, 2014.