Motilal Oswal Financial Services released the results of his December quarter (Q3 FY25) on 28 January. While the company recorded a decline in profits, there has been a good increase in revenue. The company’s net profit declined by 14.4% to ₹ 564.5 crore in the December quarter. It was ₹ 659.8 crore in the same quarter of last year.
Revenue increase
Despite the decline in profits, the company recorded an increase of 11.6% in its revenue. It was ₹ 1,998.6 crore, which was ₹ 1,791.3 crore in the same quarter of last year. This reflects strong operating performance.
Declaration of dividend
The company has declared an interim dividend of ₹ 5 per share with a face value of ₹ 1. A record date for this has been fixed on 1 February 2025. The company said that this dividend would be paid to all shareholders by 26 February 2025.
Motilal Oswal’s shares closed at ₹ 655 on Tuesday, a decline of 1.25% or ₹ 8.30 against the previous season.