Motilal OswalFinancial Services Reports Highest Ever Profits After Tax (including OCI) ofRs. 2,626 cr & RoE of 35% for FY24

 

Declared 3 BonusShares for 1 Fully Paid up Equity Share

Mumbai, April 26, 2024: Motilal Oswal Financial Services Ltd. announced its results for the quarter and financial year ended March 31, 2024 post approval by the Board of Directors at a meeting held in Mumbai on April 26, 2024.
Key Highlights
·  FY24 Consolidated PAT including Other Comprehensive Income (OCI) at Rs. 2,626 cr and Q4FY24 Consolidated PAT incl OCI at Rs. 625 cr. Consolidated RoE of 35%.
·  Consolidated operating revenue for FY24 at Rs. 5,075 cr, up 33% YoY and for Q4FY24 at Rs. 1,569 cr, up 60% YoY/29% QoQ.
·  Consolidated operating PAT for Q4FY24 at Rs. 495 cr, up 66% YoY/30% QoQ and for FY24 at Rs. 1,535 cr, up 38% YoY respectively. Operating RoE of 25%.
·  Delivered Highest ever quarterly and yearly Capital market business PAT of Rs. 251 cr, up 68% YoY/23% QoQ and Rs. 803 cr, up 47% YoY respectively.
·  Asset & Wealth Management businesses reported strong growth with PAT in Q4FY24 at Rs. 210 cr, up 79% YoY/ 46% QoQ and in FY24 at Rs. 607 cr, up 34% YoY.
·  Housing finance business PAT for the Q4FY24 and FY24 at Rs. 31 cr and Rs. 129 cr respectively
·  Robust Net worth of Rs. 8,732 cr as of March 31, 2024 up 40% YoY. 10-year Net Worth CAGR of 22%.
·  Declared 3 bonus shares for 1 fully paid up equity share

Speaking on the performance of the company, Mr. Motilal Oswal, MD & CEO said, “38% growth in FY24 Operating PAT to 1,535 cr and Consolidated PAT of 2,626 cr is a testimony to the structural tailwinds in our core businesses of capital markets and asset & wealth management. Capital market business remains significantly underpenetrated with most exciting 5 years ahead of us. 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 under way should all come together to make this business our next growth engine. HFC business reported 0.4% Net NPA and focus is back on growth with sales team doubled in FY24 and set to doubled again in FY25, paving way for doubling of disbursements. Such synchronized tailwinds and growth runways across our businesses are drivers to our large investments in talent, brand building and infrastructure. The unique twin engine of highly growth-high RoE Operating businesses and 18+% XIRR on treasury management has resulted in a Consolidated RoE of 35%, fueling undiluted growth and healthy payouts since our listing in 2007.”

Segmental PAT (Rs. in Crores)	Q1FY24	Q2FY24	Q3FY24	Q4FY24
Capital Market	165	181	205	251
YoY Growth %	50%	27%	42%	66%
Asset And Wealth Management	121	131	145	210
YoY Growth %	24%	13%	20%	79%
Housing Finance	29	33	36	31
YoY Growth %	-11%	-2%	0%	0%
Operating PAT	307	353	380	495
YoY Growth %	27%	23%	32%	66%
Consolidated PAT	671	556	774	625

Segmental PAT (Rs. in Crores)	FY20	FY21	FY22	FY23	FY24
Capital Market	219	323	520	547	803
YoY Growth %	13%	47%	61%	5%	47%
Asset And Wealth Management	249	320	443	452	607
YoY Growth %	-3%	29%	38%	2%	34%
Housing Finance	39	40	93	133	129
YoY Growth %	-31%	2%	133%	44%	-3%
Operating PAT	499	671	1,091	1,114	1,535
YoY Growth %	49%	34%	63%	2%	38%
Operating ROE	19%	20%	27%	22%	25%
Consolidated PAT	124	1,657	1,350	885	2,626
Consolidated ROE	4%	43%	27%	15%	35%

Performance of Business Segments for the quarter and year ended March 31, 2024.

AboutMotilal Oswal Financial Services Limited

 

MOFSL is a financial services company. Its offeringsinclude capital markets businesses (Retail broking, Institutional broking &Investment banking), Asset & Wealth Management (Asset Management, PrivateEquity & Wealth Management), Housing Finance & Equity based treasuryinvestments. MOFSL employs ~11,300 employees serving to 70 Lakh clients viadistribution reach in 550+ cities. MOFSL has Assets Under Advice of Rs. 3.8Lakh Crores.

 

For furtherdetails, contact:

 

Mrs. Rohini Kute	Mr. Shalibhadra Shah	Mr. Chetan Parmar
Head of Corporate Communication	Chief Financial Officer	Head of Investment Relations
Mob: +91-9820196838	Mob: +91-9819060032	Mob: +91-7400312700

 

 

Disclaimer

 

Motilal Oswal Financial Services Limited (“Company”),subject to market conditions, and other considerations, is proposing a publicissue of secured redeemable non-convertible debentures (“NCDs”) and has filed aprospectus dated April 9, 2024 (“Prospectus”) with the Registrar of Companies,Maharashtra at Mumbai (“RoC”), BSE Limited (“BSE”), National Stock ExchangeLimited (“NSE”) and Securities and Exchange Board of India (“SEBI”). TheProspectus is available on the website of the Company at www.motilaloswalgroup.com,on the website of BSE at www.bseindia.com,on the website of NSE at www.nseindia.com,on the website of the lead managers at www.trustgroup.in,www.motilaloswalgroup.comand www.nuvama.comand on the website of SEBI at www.sebi.gov.in.Investors proposing to participate in the Issue should invest only on the basisof the information contained in the Prospectus. Investors should note thatinvestment in the NCDs involves a high degree of risk and for details inrelation to the same, refer to the Prospectus, including the section titled“Risk Factors” and “Material Developments” beginning on page 17 and 215respectively of the Prospectus.