Motilal Oswal Financial Services Ltd on Thursday reported a three-fold jump in consolidated profit after tax to Rs 1,081 crore for the September quarter of FY27, driven by strong growth in its asset management business.
The company had posted a profit after tax of Rs 363 crore in the year-ago period.
Revenue from operations increased to Rs 3,042 crore in the July-September quarter of the current fiscal, from Rs 1,850 crore a year ago, the diversified financial services company said in a stock exchange filing.
The Asset Management (AMC and MO Alternates) business reported a 69 percent year-on-year jump in net profit to Rs 304 crore, emerging as the largest contributor to profit.
Total assets under management (AUM) grew 26 percent year-on-year to around Rs 2.23 lakh crore.