Net profit of Motilal Oswal Financial Services rose 338.96% to Rs 723.05 crore in the quarter ended March 2024 as against Rs 164.72 crore during the previous quarter ended March 2023. Sales rose 110.65% to Rs 2117.92 crore in the quarter ended March 2024 as against Rs 1005.43 crore during the previous quarter ended March 2023.For the full year,net profit rose 162.00% to Rs 2441.06 crore in the year ended March 2024 as against Rs 931.69 crore during the previous year ended March 2023. Sales rose 70.20% to Rs 6994.25 crore in the year ended March 2024 as against Rs 4109.55 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2117.921005.43 111 6994.254109.55 70 OPM %58.1544.12 -58.1345.66 - PBDT953.65260.23 266 3114.461300.63 139 PBT929.71247.48 276 3031.881242.25 144 NP723.05164.72 339 2441.06931.69 162 Powered by Capital Market - Live News

Motilal Oswal Financial Services will hold a meeting of the Board of Directors of the Company on 26 April 2024.Powered by Capital Market - Live News

Motilal Oswal Financial Services announced the opening of the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 500 crore (Base Issue Size), with a green shoe option of up to Rs 500 crore, cumulatively aggregating up to Rs 1,000 crore (Issue). There are eight series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and at maturity interest options. Effective annual yield for NCDs ranges from 8.85% p.a. to 9.70% p.a.The Issue is scheduled to open on 23 April 2024, and close on 07 May 2024. Powered by Capital Market - Live News

Motilal Oswal Financial Services has plans for a public issue of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value of Rs 1,000 each (NCDs) for an amount aggregating up to Rs 500 crore (Base Issue Size) with an option to retain oversubscription up to Rs 500 crore (Green Shoe Option) aggregating up to 1,00,00,000 NCDs for an amount up to Rs 1,000 crore (the Issue). In this regard, the company has filed prospectus with BSE, NSE and forwarded to the Securities and Exchange Board of India. Powered by Capital Market - Live News

Motilal Oswal Financial Services announced that the Board of Directors of the Company at its meeting held on 24 January 2024, inter alia, have recommended the interim dividend of Rs 14 per equity Share (i.e. 1400%) , subject to the approval of the shareholders.Powered by Capital Market - Live News