Motilal Oswal announces issue of bonus shares in 1:3 ratio; shares zoom 4%

Consolidated revenue for Q4FY24 stood at Rs 1,569 cr, up 60% year-on-year (YoY). The financial services firm has also delivered its highest ever quarterly and yearly Capital market business PAT Of Rs. 251, up 68% Y0Y and Rs. 803, up 47% YoY respectively.

“38% growth in FY24 Operating PAT to 1,535 er and Consolidated PAT of 2,626 er is a testimony to the structural tailwinds in our core businesses of capital markets and asset & wealth management. The capital market business remains significantly underpenetrated with the most exciting 5 years ahead of us,” said Motilal Oswal, MD & CEO of MOFSL.

Speaking on the performance of the company, Oswal further added, “Our presence in 98% of pin codes & 6% cross-sell ratio provides us with a ready base and headroom to grow our distribution business. With 95% of MOAMC strategies outperforming the benchmark, turnaround in Gross & Net Sales, presence across MF & Alternates, focus on equities and launch of new products, AMC business should once again take the growth leadership for MOFSL. Huge investments in our Wealth management business, strengthening of leadership across regions & functions combined with the wealth effect underway should all come together to make this business our next growth engine”.

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