India's Motilal Oswal Financial falls over 4% as Q4 profit dives

Motilal Oswal Financial Services

28/04/2023 07:37

** Shares of domestic brokerage firm Motilal Oswal Financial
Services Ltd  MOFS.NS  fall 4.59% to 598.50 rupees
    ** MOFS reports consolidated net profit nearly halved to
1.65 bln rupees in March quarter from 3 bln rupees YoY on rise
in total expenses
    ** Consolidated revenue from operations also fell marginally
to 10.27 bln rupees compared to 10.51 bln rupees YoY
    ** MOFS declares final dividend of 3 rupees per share;
taking total dividend to 10 rupees per share for FY2023
    ** Trading volume is 92,784 shares as of 11:58 a.m. IST,
0.9x the 30-day avg of 98,655 shares - Refinitiv data




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))