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Motilal Oswal shares rise 7% on multi-fold jump in Q4 profit; declares bonus shares
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
The board of Motilal Oswal also approved bonus shares in ratio of 3:1. At 3 pm, the scrip was trading 5.03% higher at ₹2,587.70 apiece on the NSE. The stock has given multibagger returns of 105% so far this year.
Shares of Motilal Oswal Financial Services (MOFSL) climbed 7% to hit their 52-week high of ₹2,639 on the NSE on Friday after the domestic brokerage firm reported a whooping 334% year-on-year (YoY) jump in its March quarter consolidated net profit at ₹724.6 crore. The same was ₹167 crore in the year-ago period.
Motilal’s revenue from operations rose 108% YoY to ₹2,141.3 crore, compared to ₹1,027.4 crore.
EBITDA or Earnings Before Interest, Tax, Depreciation and Amortisation stood at ₹1,231.5 crore for the quarter from ₹443.7 crore recorded in the corresponding quarter of last year.
The company’s EBITDA margin stood at 57.5%, compared to 43.2% a year ago.
The board of Motilal Oswal also approved bonus shares in ratio of 3:1.
Record date for the bonus issue of shares is yet to be determined. This is the first ever issue of bonus shares that the company has considered.
In February 2024, Motilal had declared a dividend of ₹14 per share. Over the last five years, the company has paid dividends worth ₹56 per share to shareholders.
Post the bonus issue of shares, the company’s paid-up equity share capital will comprise of 59.6 crore equity shares of face value of ₹1. Motilal Oswal will capitalise ₹44.7 crore from the Securities Premium Account for implementing the bonus issue of shares.
As of March 31 2024, the company had an aggregate amount of ₹534.9 crore as an aggregate amount of its securities premium account.
At 3 pm, the scrip was trading 5.03% higher at ₹2,587.70 apiece on the NSE. The stock has given multibagger returns of 105% so far this year.
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