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Business EconomyPosted at: Jan 27 2022 11:52PM


Motilal Oswal Q3 results: Consolidated PAT up 25 pc

Mumbai, Jan 27 (UNI) Motilal Oswal on Thursday reported 25 per cent increase in its consolidated Profit After Tax (PAT) for the quarter ended on December 31, 2021, at Rs 996 crore.

In Q3FY 22, consolidated revenues grew by 47 per cent YoY at Rs 1,122 cr while consolidated PAT stood at Rs 238 crore, including gains on investments.

Operating profit (excluding gains on investments and PE share of profit on investment) for the quarter was highest ever at Rs 233 cr, up 92 per cent YoY.

In Q3FY22, consolidated revenues grew by 38 per cent YoY at Rs 2,950 cr.

Operating profit for the nine month was highest ever at Rs 549 crore, up 58 per cent YoY.

The company witnessed a turnaround in the housing finance business, a statement said.

Commenting on the results, Motilal Oswal, MD & CEO, said “All of our businesses have delivered strong and sustainable performance in Q3FY22 & 9MFY22. Last financial year was a landmark year for us with highest ever revenue and profit. This year also we are witnessing similar trend and we delivered highest ever quarterly and nine month operating profit.''
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