Buy Home First Finance Company; target of Rs 1025: Motilal Oswal
Motilal Oswal is bullish on Home First Finance Company recommended buy rating on the stock with a target price of Rs 1025 in its research report dated October 20, 2022.25-10-2022
25-10-2022
Buy Tata Consumer Products; target of Rs 880: Motilal Oswal
Motilal Oswal is bullish on Tata Consumer Products recommended buy rating on the stock with a target price of Rs 880 in its research report dated October 21, 2022.24-10-2022
MOTILAL OSWAL FINANCIAL SERVICES LTD. - 532892 - Audio Recordings Of Earnings Conference Call With Investor(S)/Analyst(S)
This is with reference to our earlier letter dated October 11, 2022 regarding intimation of Earnings Conference Call with Investor(s)/Analyst(s) on October 21, 2022 to discuss financial performance for Q2FY 2022-23. In this regard, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') (as amended from time to time), we wish to inform the Exchange that the audio recording of the said con-call is made available on the Company's website i.e. www.motilaloswalgroup.com. The Link of the audio recording is as follows: https://www.motilaloswalgroup.com/Downloads/AudioFile/MOT0720220429140684.mp3 Kindly take the same on record.21-10-2022
MOTILAL OSWAL FINANCIAL SERVICES LTD. - 532892 - Grant Of Employee Stock Options
We wish to inform the Exchange that the Nomination and Remuneration Committee of the Company at its Meeting held on October 21, 2022, have granted 5,64,483 Stock Options to eligible employees under the various Employee Stock Option Schemes of the Company. Kindly take the same on record.21-10-2022
Motilal Oswal invests Rs 260 cr in 3 projects of Urbanrise-Alliance Group
The total saleable area in these three projects would extent to 6.2 million square feet and is expected generate a revenue of Rs 4,600 crore21-10-2022
Q2 results: Motilal Oswal Financial Services' PAT up 11% to Rs 509 crore
Motilal Oswal Financial Services Ltd on Friday reported an 11 per cent growth in Profit After Tax (PAT) at Rs 509 crore for three months ended September 2022 driven by robust growth across the segments. This was the highest quarterly profit posted by the company. In comparison, the company had a PAT of Rs 458 crore in the same quarter of the preceding fiscal, it said in a statement. The company's revenues grew by 13 per cent to Rs 1,098 crore in the quarter under review from Rs 971 crore in the July-September period of the financial year 2021-2022. "We have achieved one of the highest quarterly profit of Rs 509 crore, following robust and sustainable performance across the businesses. Our retail broking business which is our cash cow business continued to improve its market share and benefitting from market expansion and industry consolidation," the company's MD and CEO Motilal Oswal said. "Our asset management business has seen strong improvement in performance and is likely to g21-10-2022
Q2FY23 Quarterly Result Announced for Motilal Oswal Financial Services Ltd.
Motilal Oswal Financial Services announced Q2FY23 results: Q2FY23: Consolidated revenues grew by 13% YoY/14% QoQ at Rs 10.98 billion. Profit after tax for the quarter was Rs 5.09 billion, up 11% YoY (excl. PE profit share). Capital market business PAT grew by 9% YoY/46% QoQ to Rs 1.32 billion; Asset & Wealth businesses PAT stood at Rs 667 million, up 2% YoY/15% QoQ. Housing finance business profit grew by 67% YoY/4% QoQ to Rs 334 million. Speaking on the performance of the company, Mr. Motilal Oswal, MD & CEO said "We have achieved one of the highest quarterly profit of Rs. 5.09 bn, following robust & sustainable performance acrass the businesses. Our retail braking business which is our cash cow business continued to imprave its market share and benefitting from market expansion and industry consolidation. We continue to focus on our strategy to diversify our businesses towards linear sources of earnings. Our Asset Management business has seen strong improvement in performance and is likely ta gain from process driven investing and its niche offerings. Our Wealth Management business has delivered consistent performance over years and on its way to achieve scale in this business. Our PE business has successfully delivered on fund raise of its largest ever fund. Our Housing finance business has witnessed tumaround by improving disbursements and asset quality trend which is now geared up for sustainable growth. There is immense potential and opportunities in the market for each of our businesses to flourish. " Result PDF21-10-2022
MOTILAL OSWAL FINANCIAL SERVICES LTD. - 532892 - Announcement under Regulation 30 (LODR)-Investor Presentation
This is with reference to our earlier letter dated October 11, 2022 regarding Earnings Conference Call with Institutional Investor(s)/Analyst(s) for discussing Q2FY2022-23 Financial Performance of the Company. In this regard, please find enclosed herewith the Presentation to be made to Investor(s)/Analyst(s). The said Presentation will be uploaded on the Company's website at www.motilaloswalgroup.com. Further, the Audio recording & transcript of earning con-call will be made available on the Company's Website i.e. www.motilaloswalgroup.com. Kindly take the same on record.21-10-2022
MOTILAL OSWAL FINANCIAL SERVICES LTD. - 532892 - Board Meeting Outcome for Outcome Of Board Meeting Held On October 21, 2022
Pursuant to Reg. 30, 33 and 52 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 we hereby inform the Exchange that the Board of Directors ('Board') of the Company at its Meeting held on October 21, 2022 has, inter alia, considered and approved the following matters: 1) Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter and half year ended September 30, 2022. 2) Raising Funds by Issuance of Non-Convertible Debentures not exceeding Rs. 20,00,00,00,000/- on private placement basis in one or more tranches. The Board Meeting commenced at 12.00 noon and concluded at 01.15 p.m. Kindly take the same on record.21-10-2022
MOTILAL OSWAL FINANCIAL SERVICES LTD. - 532892 - Unaudited Financial Results (Consolidated And Standalone) Of The Company For The Quarter And Half Year Ended September 30, 2022
Pursuant to Reg. 30, 33 and 52 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 we hereby inform the Exchange that the Board of Directors ('Board') of the Company at its Meeting held on October 21, 2022 has, inter alia, considered and approved the following matters: 1) Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter and half year ended September 30, 2022. 2) Raising Funds by Issuance of Non-Convertible Debentures not exceeding Rs. 20,00,00,00,000/- on private placement basis in one or more tranches. The Board Meeting commenced at 12.00 noon and concluded at 01.15 p.m. Kindly take the same on record.21-10-2022